Here's a classic example of CNN propaganda. It's really of the elementary school playground variety, but they in their arrogance expect you to believe it.
Most economists believe U3 is a more accurate reflection of unemployment. It's been the accepted measure since the 1930s.
A U.S. Labor Department official said it has never referred to U6 as the "overall unemployment rate."
This is from a CNN post, money.cnn.com/2016/10/07/news/economy/donald-trump-unemployment-rate/index.
And we know why an unidentified Labor Department official said it has never used the U6 as the "overall unemployment rate."
The official government number is 5.0% unemployment up from August's 4.9%. We can't have any drops without an explanation in an election years when CNN's master is running for office. Now we want to inject a bit of an uncommon thing today, common sense, into this. What has been one of this administration's main themes--in fact, it's what they ran on leading up to their first term--change. Changes as in the archaic rules and parameters of the past. As in outdated Constitution for one. Or arbitrarily extending executive power for another.
Now this dude wants us to believe U3 is the more accurate of the two because it's been accepted since 1930s. The Constitution has been accepted a lot longer than that. And they want to drastically alter it.
Trump is saying the real unemployment rate is closer to 10%, not 5%, as in 9.7%.
Here's another of this playground kid's misinformation.
Since 2014 this administration has created 547,000 waiters and bartenders, and has lost 32,000 manufacturing workers.
And here's more.
zerohedge.com/news/2016-10-07/where-september-jobs-were-secretaries-waiters-retail-and-social-workers.
Want to look up the pay scale on those types of jobs?
The 5% rate -- known as U3 -- includes only unemployed people who were actively looking for a job in the past four weeks.So all those people who gave up looking for a job two years ago don't count. Somehow they're no longer unemployed even if they still haven't found work.
Then there's this beauty:Trump also said in August that there are 93 million Americans "out of work." But this number would include high school students, college students, disabled people and retired citizens. Those are people who aren't working for good or understandable reasons.
Yea, they're not working for good and understandable reasons alright. They can't find a stinking job.
This is another of MSM's straw man arguments. We pay a slight tribute but our overall message is correct. Frankly, when it comes to CNN bias, we prefer the more subtle kind like when the Wolfman in the background tilting his champagne glass in glee as Hillary comes out to unleash her acceptance speech at the DNC.
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