Current Events > Unemployment at an 18 year LOW

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Bestoffuture
06/01/18 11:03:35 AM
#1:


https://www.bls.gov/news.release/empsit.nr0.htm

Won't see CNN or WaPo reporting this though. Sad!
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Were_Wyrm
06/01/18 11:08:03 AM
#3:


More people dropping out of the labor force!
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VectorChaos
06/01/18 11:08:17 AM
#4:


Bullet_Wing posted...
I thought those rates were fake? Trump himself said so


The way it's calculated, unemployment lows are usually the result of people just giving up looking for work, and everyone uses it to pretend it's actually because people are getting jobs.
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Antifar
06/01/18 11:08:39 AM
#5:


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CableZL
06/01/18 11:13:42 AM
#7:


VectorChaos posted...
Bullet_Wing posted...
I thought those rates were fake? Trump himself said so


The way it's calculated, unemployment lows are usually the result of people just giving up looking for work, and everyone uses it to pretend it's actually because people are getting jobs.

I've always wondered... Does baby boomer retirement factor into that?
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RainblowDash
06/01/18 11:14:04 AM
#8:


Trump is a god!
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Bestoffuture
06/01/18 11:14:59 AM
#9:


RainblowDash posted...
Trump is a god!


No, he's a jackass.
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Antifar
06/01/18 11:16:03 AM
#10:


CableZL posted...
I've always wondered... Does baby boomer retirement factor into that?

Those who are retired aren't counted, but the way ratios work...

well, hypothetically let's say you have a population of 10, where 9 are working and one is unemployed. Unemployment rate is 10 percent
If one of those workers retires, you now have a population of 9, and the unemployment rate ticks up to 11%

So if anything a massive retirement would drive up the unemployment rate
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1337toothbrush
06/01/18 11:31:28 AM
#11:


The gloating will look funny in retrospect when the economy tanks within a couple years.
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iamintents
06/01/18 11:32:02 AM
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