Does that mean that the jobless rate will drop miraculously by 230,000?
Fewer drawing benefits will help the UE % drop another few tenths.
They will manage to manipulate it to below 8% by the election. It could even drop closer to 7%, if nobody looks too hard at the coming numbers.
And another win for the administration as 230,000 will officially be off of the unemployed list.
Not a problem. The number of “Un-Employed” will be reported as “going down”, and try to pump up The Messiah, as having “caused the decrease through his GREAT Policies”.
I have a neighbor who got on disability a few months back.
Saw him disassembling a washing machine in his garage a couple of nights back. Does not look very disabled to me.
I predict that the media will spin the participation numbers by stating that millions of women have chosen to be stay at home mothers/wives, and that is wonderful.