Is the unemployment rate actually 4.9%? The short answer is no. The reasoning is because anyone who has quit looking for a job or who has been unemployed for a long period of time is no longer considered unemployed. It's unbelievable but it's true; you can be unemployed for so long that the government considers you statistically employed. The unemployment rate is not 4.9% because only 62.8% of our labor force is employed. Spread the news to anyone who doesn't know this to be the case. . … [Read more...] about The Government is Lying
Labor Force Participation Rate
One of the more popular phrases our politicians like to say is that "Michigan is the comeback state." A quick google search shows that 'Michigan's comeback state' has nearly 700,000 results and numerous articles on the topic from CNBC to the Michigan Chamber of Commerce. Michigan's unemployment rate is 5.4%, which is significantly lower than our all-time high unemployment rate of 15% in 2009. This is a big change and something that should be celebrated but we should not be overly optimistic … [Read more...] about Is the Michigan Unemployment Rate Actually 5.4%?