Quote:
Originally Posted by GirlySports
Unemployment rate calculates the percentage of people not working but are willing, able, and are actively seeking work. Many people who would like to work but cannot (due to a disability, for example), or have become discouraged after looking for work without success, are not considered unemployed under this system. Since they are not employed either, they are categorized as outside the labor force and don't count at all in the equation.
Say we have 100 people, 90 are working, and 10 are on EI. So unemployment is 10/100=10%
Let's say 5 of them go past EI and can no longer claim. Then they are taken out of both numerator and denominator. So the rate is now 5/95 = 5.2%.
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Ok, but I am not convinced that discouraged unemployment occurs the moment EI runs out or that 2016 represents an anomaly in that respect. Every unemployment statistic in the past would be subject to the same aberrations. The thing that changed was that those people suddenly had a nationalist presidential candidate that was able to focus their anxiety on external threats. The hatred was there and Trump tapped into it. It's time to stop making excuses for the deplorables.
Ultimately, it is the economic system that they wanted. They can blame politicians all they want, but they are getting what they asked for. A system that benefits those in power and leaves others behind. They just never expected it to be them.