Quote:
Originally Posted by Pugchief
The unemployment numbers are as believable as the stated inflation rate. Fake stats. Unemployment "is down" bc people aren't getting full time jobs but working multiple part time jobs instead, huge swaths of people who stopped looking or retired early, etc.
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Way back when in business school, a recession was when we had two successive quarters of negative growth in the gdp.
For some reason this indicator which was used for many years was ignored when we had this recently and it was decided we did not have a recession.
Also when people stop looking for jobs they are taken out of the labor force and not considered unemployed. This has been calculated in this manner for many years.