Posted on 12/20/2013 1:36:08 PM PST by ColdOne
(CNSNews.com) - The nation's civilian unemployment rate has dropped from 7.6 percent in June to 7.0 percent in November -- a development that "surprised" the Obama White House.
"The unemployment rate over the last six months has surprised us by coming down more quickly than we had expected or than other forecasters had expected," Jason Furman, the chairman of the White House Council of Economic Advisers, told reporters on Thursday.
"[I]t's come down by an average of one-tenth every month for six straight months, and that was -- you know, people expected something like that to happen over more like a year than a six-month period. So I think what you see a number of forecasters doing is saying, given what we've seen, you know, maybe we have to revise it going forward and assume it'll be lower."
(Excerpt) Read more at cnsnews.com ...
Surprised or disappointed?
all he needs is for about 3 more million to drop out of the work force and we’ll damn near be at full employment
oil production is going up by 1 million barrels a day annually.
That’s pushing up economic activity by about 400 billion dollars a year.
They were surprised because they distinctly remember telling those who compile the numbers to have the big drops begin next Aug/Sep ...
“The black market must be doing very well these days.”
It certainly is here in NJ; scads of illegals working for cash, and they are practically the only ones spending it (as opposed to plastic). Illegal apartments are flourishing (as Americans illegally convert one-family homes to meet rising property tax bills), and the schools are filling with anchor babies (since Americans either don’t breed or flee elsewhere to start a family). We’ve already lost electoral votes, and that trend should continue as more & more of our state is “undocumented”.
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