28 August 2016

David Sirota: Jobs Report: Donald Trump Joins Economic Experts Who Say The Official Unemployment Rate Is Inaccurate

When Donald Trump on Monday questioned the accuracy of the federal government’s glowing employment reports, it may have seemed like another unsubstantiated outburst from a famously loose-with-the-facts candidate. But in this case, he was joining a bipartisan chorus of businesspeople, economists and lawmakers who say the monthly employment report is an artificial portrait deliberately airbrushed by statisticians to make the jobs picture look better than it really is.

Last week, the Obama administration’s Bureau of Labor Statistics reported that the economy added 255,000 jobs in July, and that the official unemployment rate had remained at 4.9 percent — the lowest it has been since early 2008. In a speech to the Detroit Economic Club, Trump derided the report, calling it “one of the biggest hoaxes in modern politics.”


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