04 September 2020

Unemployment Rate Falls

The Scariest Job Chart Ever
The official U-3 unemployment rate fell by 1.8% to 8.4% and the number of unemployed fell by 2.8 million to 13.6 million.

It's undeniably good numbers, particularly since the employment/population ratio, which is hard to rat-f%$#, has risen as well.

Note that the numbers are from 2 weeks ago though, just 2 weeks after the $600 unemployment supplement ended.

From a political perspective, both sides are going to try to make political hay over this, and the media, being what it is, will absolutely represent it as a "Both Sides" thing.


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