Fine

@Sh0t link me the website where you got that.

thats fred sir

if you know anything about economic data in the us, you know what it is

@Fire i don't doubt they exist i just meant in case someone had the specific sources. Exactly because i know they get buried all the time. Or maybe in case some outlet or thread had published a summary or a major compilation of data

you would already know these data as well of course

Yeah

so from the POV of somebody who does know them, when people vomit it out, i know im dealing with a mental case

because well it's a lot of information considering its almost 4 years now so yeah

If you search it up or do your own research you will find it

and this is just spatial knowledge anybody who can use a coloring book can understand

Also being honest why are we talking about Obama and not Trump

if a line is 10 inches long, but Trump's part is 1.5 inches

well

okay, so you're saying that historically the black unemployment rate drops after a recession?

all rates do, i just used one of the more extreme ones. unemployment goes UP during a recession, then begins to fall as economy recovers

the recession are in grey, so naturally unemployment peaks during them

by definition

We can use common sense to connect this with why Black unenployment

Obama came in during the GFC, so 1.5-2 years of his is leeward side of that, then the turning point, and now we are in the same expansion, which is beginning to turn

Why did unemployment rate drop significantly more than usual after 2008 then? And then keep dropping more than usual

Is going down

the unemployment rate went UP during the GFC, then began to drop as aggregate demand rose again

usually bank credit drives the latter

I'm heading out bye

or you can use something like hours worked in a sector

etc

But what im asking is why under trump did it drop below 7.5 percent and then keep dropping when historically its never done that

trump* not drop

Because Trump is a wizard

aggregate demand has kept going up

normally, we get a counter cyclical policy

trump was aganist t, he wants negative rates

that's a problem which will make next crash bigger, powell isn't caving on negative rates, YET, we'll see

by some measuers, 'jobs' have gone up, but 'hours worked' gone down

https://nypost.com/2020/01/06/qassem-soleimanis-dead-body-flies-coach-back-to-iran/

Okay, but what im getting at is that it was policy that kept unemployment going down right?

it's the lack of the usual countercyclical

which is policy

sort of but primarily it's because there is no headroom