Mnuchin said there were 14.3 million people unemployed...

[kentuck]

...at his hearing a couple of days ago.

A Congressman was questioning him and had a graph that showed over 27 million people were unemployed as of August 8th?

That was quite a discrepancy but Mnuchin did not correct him.

My read was that the Administration was hoping to claim lower numbers unemployed so that the unemployment rate would be in single digits by election day? They would like to claim that the economy is recovering rapidly and that the growth next year will be "incredible".

What they don't say is that instead of an incredible recovery, the odds are that we are heading toward a severe recession or depression. It is very doubtful that whomever is in the White House next year will be governing over a rosy economy.

[Cicada]

1. This is a matter of definition.

If you decide not to work because you want to remodel your kitchen, you are not counted as unemployed. In surveys used to count the number unemployed many are scored as not unemployed when they say they are not working because covid makes working too dangerous . So out of 30 million not working because of covid maybe half are not scored as unemployed. If you choose to not work then you are not unemployed. Which is stupid.

[abqtommy]

2. I've been in a severe depression ever since tRUMP was ratfucked into the pRESIDENCY...

If we do go into a severe financial depression that's just to be expected.

[Grasswire2]

3. The trillions of taxpayer dollars that have been pumped into the stock market..

..will be lost when the market pops.

What happens to "the economy" then?

[Wellstone ruled]

4. We saw a similiar pattern

in 2007 and after coming out of the Rethug controlled Labor Department. Cooking the books seems to be a Rethug thing.