The unemployment lie.... EVERYTIME the unemployment rate is quoted, know it is a LIE.
"In 2000 you were dropped out of work force participation if you had not found a job in 99 weeks. In 2010, 2 yrs into the Obama admin that was increased to 260 weeks. This skewed the workforce participation rate so badly that comparing unemployment numbers in 2017 to those of 2000 and going, "YIPPEEEEE what great news!", should be prefaced with, "Once upon a time", to make sure you get credit for being a great story teller instead of being mistaken for a bare faced liar.
This fairy tale skews the number of people "no longer participating in the workforce" by totals up in the millions. In a straight line comparison we only had to figure out where the extra FIVE million jobs went. But with this change in 2010 the actual number of people not participating in the work force goes up by even MORE millions, if calculated using pre-2010 methodolgy.
That change in methodology in 2010 means that ANY comparison of unemployment between unemployment rates in 2017 with any year prior to 2010 is just a meaningless exercise in story telling. Furthermore with a workforce participation rate of only 62% the U-3 number is just a farce."
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