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> Ah, I see we're doing noun gymnastics.
LOL, no.. I am a professional Data Scientist... I am talking about these numbers in the **correct** way.
> In that case, you said "Unemployment is 10% higher" which, of course, it is not.
No, please stop talking nonsense... Literally the number of people who are unemployed has increased by 10%, exactly what I said. It would be highly inaccurate to say it any other way.
> The rate is 10% higher than itself.
Yes which is exactly what I said, that unemployment increased by 10% since before covid.
> But, again, we're doing word gymnastics to misrepresent a point.
No thats what your doing, I am using the technically correct terminology to describe a change in a population.
> Sure, fine, 3.8 is roughly 110% of 3.5.
Or more correctly "represents a 10% increase", which was what I said.
> It's also irrelevant to the question of a recession, because 3.8% unemployment is a fantastic unemployment rate.
Yes 3.8% is good, a recession however is relative, a 10% increase is certainly what you'd expect early on in a recession. In and of itself it would be nothing to stress too much over, other than indicating a recession is forming.
You are also picking out one indicator among many, an inflation rate that is 3x higher and a 20% drop in buying power all make it quite clear a recession is at hand... the increasing unemployment supplements that fact (though on its own could be dismissed).
He could have done worse... phenomenal doesnt describe how he performed IMO though. I think to many it may simple feel that way because he is following trump, which would make anyone look better.
@freemo @MattHodges On an annual basis, unemployment has only been lower four times since 1952, and one of those four year's was Biden's. Give it a rest.
And the other year was Trump... So not sure how well that accomplishment might serve him.
@freemo @MattHodges
Ok you two. Surely we can all agree that Biden did a phenomenal job responding to the global pandemic on an economic basis. Am I right?