The dirty secret of politicizing employment numbers is that you can get to zero unemployment. If the labor force participation rate is zero, so is unemployment. Everyone who wants a job (no one) has it. Ta-da! Record Low™
New Employment Numbers Say Recession Is Here
According to the most recent report from the federal government’s Bureau of Labor Statistics, the US economy added 114,000 jobs (according to the establishment survey) during July. This was a lackluster number that came in below expectations, and it wasn’t enough to prevent a surge in the unemployment rate up to 4.3 percent. Moreover, the “underemployment” … Read more