General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsForecast for tomorrow: be ready for a major Trump tweet storm in the morning.
Tomorrow, July's unemployment numbers will be announced. So, we'll either get a tweet from Trump bragging about the rate which won't be as bad as expected but still very bad, or we'll get a huge distraction tweet because the UE rate will be as bad or worse than expected.
Either way, get your umbrellas ready.
soothsayer
(38,601 posts)Ready to post!
CaptYossarian
(6,448 posts)The media loves a shiny object.
redstateblues
(10,565 posts)Yavin4
(35,441 posts)I just think that the number does not reflect economic reality because the very definition of a job has changed over the decades. In the 50s, 60s, and 70s, having a job meant some form of economic stability. Starting in the 80s and accelerating to today, being employed no longer means economic stability.
For example, if you're a cashier, you may work in a month but not have regular 40 hours a week. One week it will be 30 hours. The next 10. However, you will still be counted as employed by the BLS.