Sorry, Donald, You Can’t Count Retirees As “Unemployed”


In his interview with Sean Hannity last week, Donald Trump said the unemployment rate wasn’t 5.3 percent, as the Bureau of Labor Statistics says. “That’s phony math,” he told Hannity. “If you add it up, it’s probably 40 percent, if you really think about it.”

Was this just a one-off comment because he was trying to bond with Hannity? Or was it another budding Trump meme? Today, in an interview with Time, Trump doubled down:

Don’t forget in the meantime we have a real unemployment rate that’s probably 21%. It’s not 6. It’s not 5.2 and 5.5. Our real unemployment rate—in fact, I saw a chart the other day, our real unemployment—because you have ninety million people that aren’t working. Ninety-three million to be exact.

If you start adding it up, our real unemployment rate is 42%.

Trump saw a chart! Here it is, if you’re interested. I like charts too, so I guess that’s OK. And Trump is right about one thing: roughly 93 million people (42 percent of the adult population) aren’t employed. But why aren’t they employed? Let’s check out another chart for the answer. I don’t think I’ve ever created a pie chart before, but that seems appropriate for a Donald Trump post, don’t you think? In fact, let’s make it a 3-D pie chart.

As you can see, there are indeed about 93 million people who aren’t working. The vast majority of them, however, are retirees, the disabled, full-time students, and folks who have no interest in working (stay-at-home parents, etc.). There are about 8 million unemployed, and about 8 million more who are underemployed or would like to work but have given up trying to find a job. If you add up those two categories you get the U6 unemployment rate, currently at 10.7 percent.

You can make a case for using U6 as your preferred metric of unemployment. But counting retirees? Or students? Or the disabled? Or parents taking care of children? Sorry, but no.

POSTSCRIPT: I threw together the numbers in the chart pretty quickly. They’re all in the ballpark of being accurate, but could be off by a little bit. Frankly, a more detailed dive just didn’t seem worth it.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.