As the title states, he is trying to say there is less unemployment claims in October than there was in some previous months, well duh! It is time for companies to hire for the temporary Seasonal employees for Christmas that is a given to me. What do you think about the claim?
None the less, he still wants to claim he has created more jobs or less unemployment claims
I don't think the unemployment rate is a foolproof indication of economic progress at all. It's still very high at almost 8%.
The types of jobs that have been created that are purely in the services sector and not in industry and manufacturing are also a bad indicator of progress.
I think that as long as people believe the president has any control over unemployment numbers, we're doomed to never fix the actual problems.
The Fed probably deserves more credit than anyone on the hill.