Daily Archives: June 2, 2017

Unemployment lowest in 16 years

CNN has it, and others too of course. But notice the three-line 2nd ‘graph in its email alert:

The U.S. unemployment rate dropped to 4.3% last month, the lowest in 16 years, the Labor Department said Friday.

Employers added 138,000 jobs, weaker than economists expected, and unemployment declined in part because fewer people were looking for work. Job gains for March and April were revised lower.

Still, the 4.3% unemployment rate is the lowest since May 2001. It marked the 21st consecutive month that unemployment has been at or below 5%.

I’ll bet they used to add those caveats when they reported such results in the eight years ending last January.

And guess what? I’ll bet I would lose that bet.

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