Unemployment up to 4.1%

That is false. The unemployment rate bottomed out at 3.4% in January and April 2023. In October 2021, it was at 4.5%.

Unemployment Rate

 

Yeah, I'm curious how he's going to explain that, too.

 

Like other supporters of the defeated, indicted and now convicted former president apparently he is a believer in alternative facts.
Maybe a graph will help.

 

I think you missed the sarcasm. I was saying some people cheer upticks in unemployment so they can score political points.

 

you seemed to be saying that increases in UE indicate people have lost their jobs.

 

No. You and that aren’t saying the same thing

 

No. I was mocking the seemingly wishful way people approach people losing their jobs.

Like when when you see the "See, I told you! Florida got beat! i told you!" Sentiment from those who want a coach fired.

 

Actually, the Federal Government payroll was increased by over a dozen so Joe could have round the clock folks taking him to the bathroom, reminding him it's Sunday and go to church and, most importantly, not saying about Kamala Harris what he said about candidate Obama being "clean."

 

See, I still think you think that the UE rate doing up means people have lost their jobs. I hope that is not true b/c it flies in the face of your own experiences & knowledge.

 

All you needed to point to was the article in the OP. You are such a Econ snob.

“The increase in the unemployment rate came as the labor force participation rate, which indicates the level of working-age people who are employed or actively searching for a job, rose to 62.6%, up 0.1 percentage point. The so-called prime age rate, which focuses on those between ages 25 and 54, rose to 83.7%, its highest in more than 22 years.”

 

But, that only makes it true for a specific case, not in a more general sense. There are many reasons that the UE rate can go up that has nothing to do with people "losing their jobs". For instance, we easily could have had UE go up W/O the case stated in the OP & it still would not need to be driven by people losing their jobs.

Pretty much all the UE we've had for the last 3 years is frictional, not structural. Hence, you have silliness like people trying to claim that 3.4% is better or worse than 4.1%. Without a whole lot more info & data (which prob does not exist) those claims are pretty hard to defend.

 

From a purely observational standpoint, you are one of those lower UE is always better idiots. You can tell the ordinal relationship between #s; oh, goody! Your parents must been beaming!

p.s. you starting a sentence with, "From a purely analytical standpoint..." is about as ridiculous as Madonna starting a sentence with, "From the standpoint of a virgin"

 

Of course I am upset (I consider myself very emotional, so I guess “ rationalists” can ignore me) & I love to insult the willfully ignorant. Consistent with that, I NEVER said we cannot use UE #s to judge the health of the economy. Read mo carefully!

 

If you're trying to gain positive reps from our resident Liberals with this post... forget about it. Lol.

 

The Dems sabotage the economy with the PLANDEMIC and then blame Trump for the disaster that ensues... News at 11:00.

 

Lol. No. I get it. I was basically pretending to be someone else. Not sure what I'm not communicating.