Racket wrote:
Flagpole wrote:
I am not aware that what you are saying there is the case. Proof of this?
There are rumblings that this may have changed for GDP calculations recently from the way the Commerce department "tweaks" and "improves" seasonal factors and such. It's still not clear why GDP beat as hard as it did. Just throwing that out there
What keeps changing is the requirements to be considered unemployed, and the "seasonal" factors. Click on the historical employment participation chart link below and select MAX. Employment participation is the best number to look at. Unemployment rate is politically manipulated.
On the MAX chart you will notice a post 1963 is the Baby Bomber, post WWII employment surge. Then in the early 2000s seasonal adjustment were invented ---Bush was president-- which resulted in a small drop in employment participation. Then a large employment participation slide in about 2008 due to the financial crisis. The 400,000 jobs "lost" since February of this year is what made the "unemployment" rate drop so far.
https://tradingeconomics.com/united-states/labor-force-participation-ratehttps://www.bls.gov/cps/seasfaq.htm