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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDonald Trump says the 'real' unemployment rate is 42%. He's really, really wrong.
http://www.vox.com/2015/8/22/9191001/donald-trump-unemployment-rate"We have a real unemployment rate thats probably 21%," Trump Time magazine this week. "Our real unemployment rate in fact, I saw a chart the other day, our real unemployment because you have ninety million people that arent working. Ninety-three million to be exact. If you start adding it up, our real unemployment rate is 42%."
Trump's inventing some new numbers, but this isn't a new line of attack from him: He's been openly skeptical of the government's job reports for years.
When I spoke with the Trump campaign earlier this summer, Trump maintained that the "real" unemployment rate was 18 percent. (Like so many Trumpisms, the number's gone inexplicably up.)
whatthehey
(3,660 posts)KamaAina
(78,249 posts)Mister Ed
(5,944 posts)pinboy3niner
(53,339 posts)Democat
(11,617 posts)Welcome to DU.
SummerSnow
(12,608 posts)TreasonousBastard
(43,049 posts)I hope it becomes clearer that Trump pulls this stuff out of his ass.
reformist2
(9,841 posts)TexasBushwhacker
(20,219 posts)Indeed, those numbers are down but not by the numbers he says. Here's a good article:
https://www.stlouisfed.org/on-the-economy/2015/june/labor-force-participation-the-us-and-its-peers
Workforce participation of Americans age 16 to 68 was at its zenith in 1997 at 77%. Now its around 73%. There are certain trends that are problematic, like the drop in participation of prime age men - 24 to 54 - but they aren't dropping just in the US.
LiberalArkie
(15,729 posts)Unemployment is low because you have to do what you have to do. That is why the kids can't find jobs or the seniors who just need a little more money than social security provides.
When I go to Hime Depot or Best Buy, they are all filled with guys that were making really good money at a IT place I used to do work for. Now they are taking the jobs that the college kids used to take to help pay for college.
When you have a job paying good honest money and you get canned and take something at lower pay and benefits, you and your family is going to hurt. To me they are unemployed.
TexasBushwhacker
(20,219 posts)who want to work full time and "discouraged workers" who have given up looking. That rate now is a under 11%. When Obama first took office it was over 17%. My guess is there are plenty of people who have had to take early retirement at 62% because they can't find anyone to hire them.
But Trumps numbers count everyone between 16 and 68., including retirees, stay at home parents, the disabled, high school and college students and anyone who works part time by choice. He got this from David Stockman who standard for full employment is everyone 16 to 68 working 40 hours a week, 50 weeks a year. Of course, that's a ridiculous standard. Not to mention baby boomers are retiring at a rate of 10K PER DAY, and have been for the last 5 years and will continue for another 10+ years. This massive number of retirees does have an effect on the total workforce participation number.
whatthehey
(3,660 posts)95? Fuck you Donald says you should be working. Paraplegic? Billionaire? Lifer in San Quentin? You're unemployed, bozo!
whatthehey
(3,660 posts)former9thward
(32,082 posts)You have an OP saying capitalism is not working http://www.democraticunderground.com/10027105919 and now you have an OP saying Monthly job gains are high. By all official measures, the US economy is in recovery mode. Which is it?
Laura PourMeADrink
(42,770 posts)KamaAina
(78,249 posts)We may be in an upward cycle at the moment, but capitalism does appear to be approaching its endgame.
former9thward
(32,082 posts)Capitalism is not perfect but has been moving hundreds of millions people from poverty to the middle class in developing counties world wide. Socialism does the exact opposite.
treestar
(82,383 posts)He's supposed to a big successful capitalist. The ones who create all the jobs. Republicans never think it through.
Erich Bloodaxe BSN
(14,733 posts)FLPanhandle
(7,107 posts)All those folks in day care or nursing homes not pulling their weight.
spanone
(135,886 posts)alphafemale
(18,497 posts)Not in general.
Unless he's talking about those sponging children.
Beaverhausen
(24,472 posts)I think that number includes retired people and children.
But does Donald care if it's true or not? Of course not.