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Ash Bennington

What it means when Trump says 94 million Americans are out of the labor force

“Ninety-four million Americans are out of the labor force,” President Donald Trump said on Tuesday night. The Bureau of Labor Statistics (BLS) tracks employment numbers to determine the unemployment rate, a seemingly simple number that can be calculated multiple ways. The current BLS data series Trump referenced, called “Not in Labor Force”, came in at 94.4 million in January of 2017.

8 years ago
How Snap’s IPO puts a 'Soviet-style economy' in the most innovative sector in the world

Snap Inc. (SNAP), the parent company of the ephemeral photo app Snapchat, is finally allowing the public to own a piece of its business. However, these new investors will have no voting rights and thus effectively have no say in how Snap runs its business.

8 years ago