LogFAQs > #907843497

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Topic	Live: President Trump takes the stage at his rally in Indiana.
Kazi1212 08/30/18 9:43:23 PM #85:	sktgamer_13dude posted... Kazi1212 posted... sktgamer_13dude posted... Low unemployment literally means nothing by itself. Say you have 100 workers and 10 dont have jobs and are actively looking for jobs/fit unemployment, thats 10% unemployment. Next month you have the same 100 workers and the 10 give up looking for a job and no longer fit what unemployment is, technically your unemployment is 0%, but no jobs were created and its at an all time low! Thats why you look at U5 and U6 data, which is also near all time lows: https://www.macrotrends.net/1377/u6-unemployment-rate Way to completely not read my post. Low unemployment literally means nothing by itself. Lmao so first you complain about the unemployment statistics not accounting for discouraged workers, then I show statistics which does and now you complain low employment literally doesnt mean anything. Ok, your statement sounds perfectly reasonable, Im sure every economist in the world will say the statement low unemployment literally means nothing is an intelligent statement on how economies work. But lets play by your rules, what more has to be taken into account with a low unemployment rate that shows we have a growing/strong economy? and whatever that is, is that weighted more or less than the U5 and U6 unemployment rates in terms judging the strength of the economy? --- I don't know my gimmick "Does that sound reasonable to you?" <cite>Kazi1212 posted [p:907843497] in Live: Pres... [t:76952333]...</cite> <quote><cite>sktgamer_13dude posted...</cite> <quote><cite>Kazi1212 posted...</cite> <quote><cite>sktgamer_13dude posted...</cite> <quote>Low unemployment literally means nothing by itself. Say you have 100 workers and 10 dont have jobs and are actively looking for jobs/fit unemployment, thats 10% unemployment. Next month you have the same 100 workers and the 10 give up looking for a job and no longer fit what unemployment is, technically your unemployment is 0%, but no jobs were created and its at an all time low!</quote> Thats why you look at U5 and U6 data, which is also near all time lows: https://www.macrotrends.net/1377/u6-unemployment-rate</quote> Way to completely not read my post. Low unemployment literally means nothing by itself.</quote> Lmao so first you complain about the unemployment statistics not accounting for discouraged workers, then I show statistics which does and now you complain low employment literally doesnt mean anything. Ok, your statement sounds perfectly reasonable, Im sure every economist in the world will say the statement low unemployment literally means nothing is an intelligent statement on how economies work. But lets play by your rules, what more has to be taken into account with a low unemployment rate that shows we have a growing/strong economy? and whatever that is, is that weighted more or less than the U5 and U6 unemployment rates in terms judging the strength of the economy? --- I don't know my gimmick "Does that sound reasonable to you?"</quote> ... Copied to Clipboard!
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