Pethokoukis explains how we measure jobs…

…and why it is absurd, fraudulent and corrupt. Read this if you want to very quickly understand the relationship between U3 (government fraud) and CIVPART (Civilian Labor Force Participation Rate.)

Want a lower U3 rate for the upcoming election? Simple: just erase a few hundred thousand available jobs. Jobs being “created” currently don’t even keep up with population growth. How is that an “improvement?”

This entry was posted in Civics, Gangster Government, Theater of the Absurd. Bookmark the permalink.

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