T1B

Some good news.

http://thehill.com/homenews/state-watch ... employment

How long has this been a trend?

Those numbers are fake. One of the biggest hoaxes in modern politics.

Mikey wrote:Those numbers are fake. One of the biggest hoaxes in modern politics.

While I understand your point (people fall off unemployment counting after benefits run out), it is still good news since the calculation method is the same as in the past. Meaning less people, a lot less are unemployed.

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Wait a minute, so you're saying that when people fall off unemployment counting after benefits run out, they're no longer unemployed?

They are no longer counted as unemployed because once benefits expire and employment is found, there is no mechanism to take them off the unemployment list.

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If you really want to know? I still wonder how exactly some of this information is gathered.

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

Unemployment numbers are hard to get accurate. Regardless of who is in office they do a poor job of telling us what is going on other than in general trends. Long term unemployed, under employed, and those who have given up the job search are usually not included in real numbers.

As Joe mentions it is better that record lows are reported, but you won't find me doing any back flips over these numbers.

Joe in PB wrote:They are no longer counted as unemployed because once benefits expire and employment is found, there is no mechanism to take them off the unemployment list.

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That makes no sense whatsoever. Par for the course. "They are no longer counted as unemployed...because they found a job...and there is no mechanism to take them off the unemployment list." Are they counted or not? And if their benefits expire and they don't have a job, they are not counted as unemployed.

Papa Willie wrote:Under Obama, they quit counting poor bastards that were out of the work force for a limited time to fudge the numbers. It's pretty fucking stupid that Trump is using the same methods. The country is still highly fucked up - make no doubt about it.

I pretty much hate everything about the Trump Administration, but I understand the logic for using the same methodology that the Obama and the Bush 43 White House used.

I also remember a post by Mild 7 bitching about the quality of service at his local retail establishments in the late 90s. Not more than 6 months later the Dotcom bubble burst and we went 18 years before unemployment that low again. Make no mistake we are on top of another bubble.

BSmack wrote:

Papa Willie wrote:Under Obama, they quit counting poor bastards that were out of the work force for a limited time to fudge the numbers. It's pretty fucking stupid that Trump is using the same methods. The country is still highly fucked up - make no doubt about it.

I pretty much hate everything about the Trump Administration, but I understand the logic for using the same methodology that the Obama and the Bush 43 White House used.

I also remember a post by Mild 7 bitching about the quality of service at his local retail establishments in the late 90s. Not more than 6 months later the Dotcom bubble burst and we went 18 years before unemployment that low again. Make no mistake we are on top of another bubble.

And what shape is a bubble? That's right, a globe.

Goober McTuber wrote:Wait a minute, so you're saying that when people fall off unemployment counting after benefits run out, they're no longer unemployed?

Yes. That's commonly known as Obama accounting. It goes hand-in-hand with leading from behind, being more able to appease Putin after an election, and having beer summits to improve race relations-- all time tested and effective fundamental transformation techniques designed to minimize minor difficulties when wrestling with reality.

Rooster wrote:

Goober McTuber wrote:Wait a minute, so you're saying that when people fall off unemployment counting after benefits run out, they're no longer unemployed?

Yes. That's commonly known as Obama accounting.

Were you born a moron or did your mother drop you on your head? That kind of accounting has been around since Ronnie Rayguns.

BSmack wrote:

Were you born a moron or did your mother drop you on your head?

Could be both, you know.

Ah, so you agree then that Obama cooked the books. Glad we made that clear.

Rooster wrote:Ah, so you agree then that Obama cooked the books.

No more or less than any administration since the 1980s. The unemployment metric is a guide to the relative health of the labor market that uses the number of active job seekers vs number of employed to generate a unemployment metric. If you weren't so semen drunk off Trump propaganda you might understand that.