Let’s see what kind of numbers the government puts out tomorrow.
War is a distraction from a terrible economy
It’s more like 25%
government is a liar
Obama’s Amerika!
Those are dooming numbers.
To paraphrase comedian Yakov Smirnov, what a recovery!
Because the unemployment rate is based on the size of the workforce, if people drop out of the workforce [ 89 Million currently ] but the number of unemployed remains relatively flat, the unemployment rate will actually increase, even though the same number of people are unemployed [ over 101 Million ].
Let’s keep the math simple:
If 45% were employed and now 43% are employed, that’s 2% fewer employed.
2% / 45% is darned near 4%.
That’s a 4% INCREASE IN UNEMPLOYMENT SINCE LAST YEAR AT THE SAME TIME!!!!
ADP Payrolls 176K, Small Miss, Pace Of Increase Broken For First Time Since April
BLS numbers are less volatile but subject to significant manipulation (seasonality, birth/death, outright lies, etc.).
I have to think Gallup's numbers are probably the most accurate. The "Payroll to Population" number is one-step a better metric than BLS' Labor Force Participation Rate, and is telling.
All of the numbers show an early slowdown in employment. The drop off usually occurs in October, not August.
We are in a period like the 1930s and 1970s. Lost decades where slow economic growth means the economy never returns to its earlier levels.
Bush’s fault.
The Obama bootlickers will say that this is all George Bush’s fault. He messed the economy up so bad that not even The One can fix it, so unemployment and underemployment is the new norm.
Wow, 0bummer recovery in full swing.
Repeating the FDR economic legacy. Maybe this is why Obama is trying to distract with a dumb war.
Lets see how the liberal media is spinning this:
Jobless claims improve, remain near six-year low
Blog
-MSNBC (blog)-5 hours ago
Got behind a school bus on the way to work the other day.
Most of the parents waiting for the bus with their kids were middle aged white men.
Nobody is working, I guess.
I think even those numbers are inflated, just as the government U3 and U6 numbers are artificially low. We are in Great Depression territory and have been for some time now. EBT, TANF, Section 8 and Obamaphones keep it looking like we’re in 1992.
What was it in 2009?