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Old 06-05-2017, 07:11 PM   #7
thebix
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Default From Donald Trump's address to Congress in a Feb. 28, 2017 speech.

The 94 million unemployed is basically 'fake news', as it includes mostly people that are not expected to be in the real workforce, such as students, retirees, and stay at home parents taking care of children.

As checked by Politfact
http://www.politifact.com/truth-o-me...ress-congress/
"Losing labor
Trump said that 94 million Americans are out of the labor force. That number is gleaned from the Bureau of Labor Statistics, but it's misleading.

The 94 million figure includes any American age 16 and over who isn’t institutionalized and who isn’t either working or actively looking for work. In other words, the figure includes a lot of people who wouldn’t be expected to be working, or who are engaged in other worthy pursuits.

For instance, the figure includes retirees, high school students over 16, undergraduate and graduate students, stay-at-home parents, disabled people, adults who are engaged in full-time education or training, and even trust-fund kids and those wealthy enough to be living off investments. Put it all together and this is not a trivial group of people.

We have previously estimated that only about a quarter of the approximately 90 million people officially listed as being out of the labor force are either out of work, looking for a job, or eager to get back in the job hunt if labor-market conditions were to improve. The other three-quarters have a good reason for being out of the labor force, which means that Trump’s figure is misleadingly high."
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