I'm reading my daily dose of sadness when I see these three headlines.
Record 93,626,000 Not in Labor Force...Without lookin' it up. that sounds about right, I guess.
Then I see...
Unemployment rate drops to 5.3%........Wait, what ? The unemployment rate went down again ?
How does this compute without an obvious slight of hand, especially when the next story is....
Participation Lowest since 1977........I know I'm stupid but evidently someone thinks that the whole Country is as dumb as me. 93.6M into what..350M or so sounds like a lot more than 5% and the "not participating" thing is all people available to work, right ?
Then to add insult to insult I read....
24,816,000 Foreign-Born People Employed.......All I need now is to find out "foreign born" means "non-citizen" and I start digging the bunker a little deeper.
Record 93,626,000 Not in Labor Force...Without lookin' it up. that sounds about right, I guess.
Then I see...
Unemployment rate drops to 5.3%........Wait, what ? The unemployment rate went down again ?
How does this compute without an obvious slight of hand, especially when the next story is....
Participation Lowest since 1977........I know I'm stupid but evidently someone thinks that the whole Country is as dumb as me. 93.6M into what..350M or so sounds like a lot more than 5% and the "not participating" thing is all people available to work, right ?
Then to add insult to insult I read....
24,816,000 Foreign-Born People Employed.......All I need now is to find out "foreign born" means "non-citizen" and I start digging the bunker a little deeper.