> 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).
And the other year was Trump... So not sure how well that accomplishment might serve him.