Comments by "Hans Hansen" (@hanshansen3885) on "'Doing nothing is not an option': Economist issues warning over tax cuts" video.

There is no way that the tariffs, Trump have said he would implement on day one, will be offset by any tax cuts he will do. If he does as he has promised then prices on pretty much everything will increase significantly.
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@roboparks "People are classified as employed if they did any work at all as paid employees during the reference week; worked in their own business, profession, or on their own farm; or worked without pay at least 15 hours in a family business or farm. People are also counted as employed if they were temporarily absent from their jobs because of illness, bad weather, vacation, labor-management disputes, or personal reasons. People are classified as unemployed if they meet all of the following criteria: they had no employment during the reference week; they were available for work at that time; and they made specific active efforts to find employment sometime during the 4-week period ending with the reference week. People laid off from a job and expecting recall need not be looking for work to be counted as unemployed. The unemployment data derived from the household survey in no way depend upon the eligibility for or receipt of unemployment insurance benefits. The civilian labor force is the sum of the employed and unemployed. Those people not classified as employed or unemployed are not in the labor force. The unemployment rate is the number unemployed as a percent of the labor force. The labor force participation rate is the labor force as a percent of the population, and the employment-population ratio is the employed as a percent of the population."
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@jeffreylinde4381 You are misunderstanding what the numbers represent. As the report says, there are currently 269.4 million that are 16 years old and older. Out of those 269.4 million there are 169.3 million in the labor force and 101.2 million that are not in the labor force. That means the Labor participation is 62.5%. The 169.3 million in the labor force is split up into employed and unemployed. There are 161.1 million employed and 7.1 million unemployed, which gives an unemployment rate of 4.2%.
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@jeffreylinde4381 First of all, I am referring to the report from BLS, which is what this segment is about. So all information is from that report. In the report they specifically state it is 16 years and older, not 18-65. Second, the 101.2 million people that are not in the labor force is people who cant or does not want to work. That could be retired, disabled, stay-at-home parents, students or something similar.
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@roboparks The unemployment number does NOT depend upon the eligibility for or receipt of unemployment insurance benefits.
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@FromG2eminor I am sure you know there was a GLOBAL inflation.
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@georgetteboudreau5572 You obviously dont remember how he had to bail out the famers with billions each year.
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