Federal Government Claims Unemployment is 8.4 Percent

[kittenstormer]

Originally published at: Federal Government Claims Unemployment is 8.4 Percent | Infostormer.com

Donald Trump and other Republicans are cheering the latest government unemployment numbers which claims that unemployment is at 8.4 percent.

Great Jobs Numbers! 1.37 Million Jobs Added In August. Unemployment Rate Falls To 8.4% (Wow, much better than expected!). Broke the 10% level faster and deeper than thought possible.

— Donald J. Trump (@realDonaldTrump) September 4, 2020

1.4 million jobs added, beating expectations

A remarkable almost 2% drop in unemployment in one month: 10.2% —> 8.4%

America’s workers are on the COMEBACK

And in the face of coordinated political hit jobs, President Trump will keep delivering. @realDonaldTrump

— Mark Meadows (@MarkMeadows) September 4, 2020

These numbers are complete bullshit. There is no way that we have 8.4 percent unemployment when we’ve had around 60 million unemployment claims filed over the past several months. Not to mention all the news about companies announcing massive layoffs across various industries.

I get that Trump and the Republicans are hyping these fake numbers for political reasons, but they’re basically blowing smoke up everyone’s ass.

The economy is totally broken. There is no v-shaped recovery. The idea of one is fantasy talk.

[meat_hammer]

Absolutely right. Triple that and then add ten percent.
But the DOW, buddy! Some real manipulation there. It’s total BS also.
Hoping to delay for a few months the harsh reality.

[infostormer]

Stock market is obviously being propped up by the fed. Whole thing is an enormous bubble ready to implode. Wouldn’t surprise me if it implodes in October right before the election.