Thread: The strongest economy in the world

Originally Posted by OhOh

Great News the US unemployment number has reduced to the same as it was prior to the depression.

Bad news, the number of unemployed reduction eerily matches the number of people who are no longer "assessed" as being "in the labour force".

God bless America and the fact that English is such a flexible language.

And this US unemployment number is the U3 rate, which is skewed to provide a low number.

If you work at McDonald's 5 hours per week, you are considered "employed" in this definition.

A better gauge is the "adult employment to population ratio" which is actually very bad.