For John, BLUF: To be fair, do we think President Trump has turned the economy around? Nothing to see here; just move along.
This is from The Tennessee Star, today. Here is the lede plus one:
The economy gave out a medium-sized roar on Friday, when the federal government announced unemployment dropped to 4.4 percent.But, the best part is the comment by Law Professor Glenn Harlan Reynolds, who said:
The nation also added 211,000 jobs in April. The unemployment rate was 4.5 percent in March.
EXPECT THE PRESS TO SUDDENLY DISCOVER THE U-6 “REAL” UNEMPLOYMENT RATEU-6? Yes, we normally get fed the U-3 Unemployment rate. The U-6 is the seasonally adjusted Total Unemployment, including those marginally attached to the labor force, and is 8.6%.
Remember Senator Bernie Sanders? The U-6 is the Unemployment Rate he campaigned on for the Democratic Party nomination last year.
Hat tip to the InstaPundit.
Regards — Cliff