The U.S. economy shed jobs in July, yet the unemployment rate improved — an unusual pairing that points to a worrying story unfolding behind the numbers for some economists.
That’s because even as the U.S. economy lost jobs, American workers left the labor market faster.
Mom’s basement might be the answer.
Immigration abductions
Cause the numbers aren’t true.
Isn’t that obvious ?
Trump fired the last woman doing the job because she wouldn’t lie. He found someone who would.
Biden camp lied towards the end as well
So?
Just saying, why call out a single president for lying, call both of them out
Biden isn’t the president anymore
Concentration camps
Labor participation rate just went down to 61.4% - https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
Why would they, of all things, not lie about economic numbers?
They probably did. These are the numbers after they eent through the tampering factory
The same thing that always happens –
Many workers are underemployed in roles that don’t have them working enough hours, don’t pay enough, or aren’t in their chosen field. They may still be seeking employment, but are not counted because they are employed in some fashion.
Many people have simply given up and have not looked for a job in the last two weeks because it’s impossible to penetrate the market, so they aren’t considered unemployed.
There are many other reasons, but essentially, the counting method and methodology are skewed to create the impression of a better economy than the one that actually exists for economic, political, social, and geopolitical purposes.
They do the same for inflation, too - looking at subsets of goods and periodically revising how CPI is calculated. It’s a lie.So, the only way an unemployed person counts as unemployed is while he’s submitting applications?
Ope. It’s more generous at 4 weeks, not 2 and doing anything to find work, not just submitting applications.
But - yeah.
The simpler explanation is the Dept of Labor is cooking the numbers. They were installed to wallpaper over massive unemployment, and they’re getting the job done. Billionaire owned media is complacent and enabling this by continuing to trust their figures.
97.6% of statistics are made up.
89.7%, your statistic is out of date
60% of the time it works every time.
That’s an improvement.
So far as I know,
gig work is not counted in the data, meaning driving for delivery apps, etc. So they probably dropped from the tracked economy into the gig economy.I was wrong, see below comment
Some may also have pursued further education in some form.
Seperately, considering the adjustment downward for literally every months data following it’s release, you can probably assume even the slight gain in employment this month will be adjusted down to a loss overall in a month or two.
Gig work is counted. That’s not a relevant factor, though workers in the gig economy might be underemployed in some situations.
In fact, it has long been the case that employment numbers in the US are far behind those of certain other developed countries. Generally speaking, more egalitarian societies have higher employment rates since fewer people are marginalized, and fewer people can easily choose not to work.
