July US unemployment rate up to 6.2%, about 209.000 jobs created

[Person Man]

Anything in the 5 range is "good". Great is int the 4s.

[Person Man]

I don't really believe that people staying in are causing more people not to get in. I do believe that people need more skills to participate. Young people are going to college and women are going to college more than men. As a result, LFP is stable for women in their 30s and 40s, and declining for teenagers and men.

[Person Man]

1. The number of 25 year olds in 2014 with all of a college education, a home mortgage, no health insurance, and a family to raise can probably be counted on one hand.

2. Adding a 65 year old to your business is a far worse hire, of course. A 65 year old in quality employment now has not been "hired" by anybody, they're just continuing to work. Nobody in their right mind would ever make a new hire, who they want to last a few years, a senior unless it's for Wal-Mart greeting.

While your narrative may be reasonable, it's not reflected in the data.

Using that logic, there's no way to derive any causation from the data.

[Person Man]

AD always talks about data but whenever asked to deliver it in specifics he just says "look it up yourself."

More or less.

[Person Man]

The real UNE rate is probably around 10-15 percent.

People have said that since like 2001 or 2002.