Quote (Plaguefear @ Jun 3 2018 10:40pm)
Conservatives did the same thing here, they force people out of the work force and then say unemployment is down, while less people are searching for work because they just gave up.
The labor force participation rate has contracted from around 66% to around 63% under a democratic president doofus. I wouldn't make the argument it's because of democratic leadership in the white house because that would be just dumb. It was a function of the 2008 meltdown not a problem of which party was in charge. It stabilized in 2014 and has been around 63% since then. It has nothing to do with party politics.
Quote (inkanddagger @ Jun 3 2018 09:06pm)
Let’s be sober about the employment numbers and jobs report. The # of Americans NOT in the labor force has hit record highs six out of the past eight months - 94 million Americans have given up looking for a full time job and are not working:
https://data.bls.gov/timeseries/LNS15000000. That’s the worst in history. Additionally, about half of the new jobs created over the past 5 years are low paid gig jobs with no benefits. So if you’re wondering why, despite this huge news cycle about record low unemployment numbers, you have no job or your current job pays peanuts and offers no medical insurance, retirement benefits, etc... here’s your answer.
This is a pretty flat downward slope (and in actuality, the decrease in unemployment slowed when Trump was elected vs the year prior as represented on the graph). I don't see much contribution from Trump. What I said above still stands though: they all want to take credit for "jobs" but it's a lot of smoke and mirrors to achieve the narrative they are pushing on either side of the aisle.
https://ei.marketwatch.com/Multimedia/2017/05/05/Photos/ZH/MW-FL893_u6rate_20170505085247_ZH.png It stabilized around 63% and hasn't been trending down since 2014-15. And lol record number... no shit when our population keeps growing, you don't just look at the number of Americans but the actual rate. Notice how the rate is almost identical as it was when Trump took office? So if we hold the LFP rate constant and see unemployment going lower, then yes things are getting better.
https://data.bls.gov/timeseries/LNS11300000This post was edited by ofthevoid on Jun 4 2018 12:44am