Quote:
Originally Posted by
devidee
GDP (4.2) is now higher than unemployment (3.9). That hasn't happened in over 100 years.
God. King.
(((With a magic wand)))
I don't think the state of the economy is a referendum on Trump one way or another. That being said, my understanding is the unemployment rate numbers he keeps touting are pretty useless as an indicator of the strength of the economy. From what I understand, it only takes into account estimated number of people looking for jobs, so there are large swaths of the population that are unemployed and not even being counted. And it doesn't take into account underemployment, that is employment with no health insurance that lands you around or below the poverty line, which is what a lot of jobs are now, as we increasingly become a country of a small # of haves and a large number of have nots.
Like I said, this trend started long before Trump and probably would be the same if Clinton was elected, so not a referendum on him one way or another.