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Yavin4

(37,182 posts)
Thu Aug 6, 2020, 10:07 PM Aug 2020

Forecast for tomorrow: be ready for a major Trump tweet storm in the morning.

Tomorrow, July's unemployment numbers will be announced. So, we'll either get a tweet from Trump bragging about the rate which won't be as bad as expected but still very bad, or we'll get a huge distraction tweet because the UE rate will be as bad or worse than expected.

Either way, get your umbrellas ready.

5 replies = new reply since forum marked as read
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Forecast for tomorrow: be ready for a major Trump tweet storm in the morning. (Original Post) Yavin4 Aug 2020 OP
I've got my finger on the trigger... soothsayer Aug 2020 #1
Another option is a major personnel change to distract us. CaptYossarian Aug 2020 #2
Surely the numbers have already been massaged redstateblues Aug 2020 #3
I honestly don't think that they fudge the numbers Yavin4 Aug 2020 #5
Let's see how much they fudged the numbers, like it said in the report last month. TeamPooka Aug 2020 #4
 

Yavin4

(37,182 posts)
5. I honestly don't think that they fudge the numbers
Thu Aug 6, 2020, 10:27 PM
Aug 2020

I just think that the number does not reflect economic reality because the very definition of a job has changed over the decades. In the 50s, 60s, and 70s, having a job meant some form of economic stability. Starting in the 80s and accelerating to today, being employed no longer means economic stability.

For example, if you're a cashier, you may work in a month but not have regular 40 hours a week. One week it will be 30 hours. The next 10. However, you will still be counted as employed by the BLS.

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