On 1/26/24 6:02 PM, ScottW wrote:
DoubleLine Capital CEO Jeffrey Gundlach, known as the "bond king,"
pointed out state unemployment numbers he described as "hard to
believe."
"Amazingly, 88% of the states, and I think they have D.C. in there so
there's 51 of them, 88% of them are reporting rising unemployment
over the last six months. And I'm having a very hard time squaring
this circle," Gundlach told FOX Business host Charles Payne
Thursday.
"If 88% of the states are reporting rising unemployment, how can it
be that national unemployment remains stable at a very, very low
level?"
A very good question. Last month they tanked the unemployment report
by claiming a huge decline in "teen" unemployment. Really? GMAFB.
Does one teen part time job really offset an adult laid off? I guess
it can when they want it to as they keep counting 2nd jobs as another
person employed.
When will you wake up and realize they think you're so stupid you'll
never figure out they're lying to you? Or maybe you're like
Stephen....he doesn't care cuz it's for a good cause...his holy of
holies.
Says the instant expert on Donna Karan Essentials.
https://www.bls.gov/news.release/laus.nr0.htm
Unemployment rates were higher in December in 15 states, lower in 1
state, and stable in 34 states and the District of Columbia, the U.S.
Bureau of Labor Statistics reported today. Eighteen states and the
District had jobless rate increases from a year earlier, 15 states had decreases, and 17 states had little change. The national unemployment
rate was unchanged at 3.7 percent but was 0.2 percentage point higher
than in December 2022.
End quote.
Fifteen is not 88% of fifty.
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