Quote:
Originally Posted by MrBaldBastard
Except they're not sheep are they Robbie, they're… Trump Voters
And I know Tramps been able to lower the unemployment rate from 4.5 % to 4% and all, Obamma could do was lower it from 10.5% to 4.5%, but eventually even those in Trailer parks will catch up on the math, then its going to interesting if they still support dear leader or not.
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i wouldn't spend so much on unemployment statistics in USA because these numbers are and have never been accurate.
The method of collecting unemployment figures in the USA differs considerably from European countries, especially Germany. Whereas in Germany, for example, the Federal Employment Agency is able to collect exact figures because every recipient of unemployment benefits is registered, in the USA the Bureau of Labor Statistics (BLS) conducts the survey on the basis of representative telephone surveys of 60,000 households (Household Data). This includes information on the employable, the level of employment, the unemployed, the unemployment rate and the number of inactive persons. As there are no official reporting deadlines in the USA, the unemployment figures are calculated on the basis of a model of newborns and deaths (Net Birth/Death Model).
Employees include all agricultural, household and underemployment workers. Persons are considered to be employed if they worked at least
one paid hour during the survey week, worked in their own company or
helped out unpaid in the family business for at least 15 hours.
In case of temporary absence from work due to unpaid leave, illness, bad weather or strike, the person is also considered to be employed. In the telephone survey of private households, each employee is counted only once, even if he has two jobs.
the simplest way to find out if the US economy is doing well or not is to add and subtract.
to do this, you take the sum of the increased economic performance and subtract the sum of the private new debt from it.
if the result is then close to zero, it means nothing else than that FUTURE spending has been shifted to the present and thus a gaping hole has been created in the future when that money is missing.
if you do it this way you will find out that the US economy in the past 2 years have been bumped up with private loans from the next 4 years. these loans will additionally create a problem as not only the loaned money have to be paid back but also the interest.
but interest is NOT part of the economic performance and will lower the GDP.