April 5, 2017 by Chris Kite
In a recent CEO Town Hall meeting Republican President Donald Trump said, “When you look for a job, you can’t find it and you give up. You are now considered statistically employed.”
That isn’t how it works. That is a lie. Someone in this category is considered a discouraged worker and they are actually tracked. In the most recent period, there were only 522,000. That is a tiny fraction (one fourteenth) of unemployed workers and does not account for his constant lie that there are 100 million (or 94 million when he isn’t inflating his lie) out of work people that cannot find a job. But those 94 million Americans, as I’ve covered before, fall into a number of categories including, stay at home parents, disabled people, retirees, and those wealthy enough to live off of their savings.