Trump issued his demands in a lengthy social media post after a stronger-than-expected August jobs report, which could bolster the case for Fed officials to raise rates at their next policy meeting starting Sept. 15.
It’s unclear how such an action would help lower U.S. borrowing costs.
Well not lying, but not what everyone thinks it is.
One person picks up a side job after getting hours cut at his work? That’s a new job created, even if that person makes less than they used to.
A guy gets laid off but registers with a gig app to try to pick up some driving or delivery tasks with spotty income prospects? That person is not “unemployed”.
You aren’t recognized as looking for work despite having no job? You don’t count as unemployed either.
The “underemployed” is probably better to get an idea.
Sure, but situations evolve that change the meaning.
15 years ago, being an independent contractor was relatively rare and pretty deliberate. Now that’s just being registered with Uber, Lyft, Doordash. So lots of people stop becoming “unemployed” and become “independent contractors” due to what is essentially a cultural shift. Being an “employed” independent contractor is trivial now, but says nothing about income prospects.
The side job scenario certainly isn’t new, so your point is taken there, that number of jobs “created” always could have been either good or bad without context.
That is so much Russian talking point crap
Provide evidence or STFU
Saying the Fed has always been lying is just trolling to sow distrust.
We have enough already.
Well not lying, but not what everyone thinks it is.
One person picks up a side job after getting hours cut at his work? That’s a new job created, even if that person makes less than they used to.
A guy gets laid off but registers with a gig app to try to pick up some driving or delivery tasks with spotty income prospects? That person is not “unemployed”.
You aren’t recognized as looking for work despite having no job? You don’t count as unemployed either.
The “underemployed” is probably better to get an idea.
All true. But done consistently the trend will give you insights into how people are doing.
Sure, but situations evolve that change the meaning.
15 years ago, being an independent contractor was relatively rare and pretty deliberate. Now that’s just being registered with Uber, Lyft, Doordash. So lots of people stop becoming “unemployed” and become “independent contractors” due to what is essentially a cultural shift. Being an “employed” independent contractor is trivial now, but says nothing about income prospects.
The side job scenario certainly isn’t new, so your point is taken there, that number of jobs “created” always could have been either good or bad without context.
All true
The reason that economists use GDP (probably switching back to GNP in the post Trump world) is because it is easily available and easily sniff tested.
A better measurement would be appreciated if made available