Because everyone saw the “jobs numbers” as simply made up lies!
Because it’s boo chit and everone knows it.
who are people going to believe? A government bureaucracy...or their own wallets and neighborhoods?
People have stopped believing the lies.
Better jobs, more employment on BLS paper does not translate to a steady check that you can cash, or benefits you can receive from all those ‘jobs’ BLS, Obama and the MSM so readily tout.
The numbers actually made the case that conservatives echo:
We do not trust big government.
Part time jobs and entry level wages are not exactly a robust economy.
Remove the Obamacare 29 hour rule and the tax penalty, and things might look up a bit.
because the better jobs picture is nothing but statistical smoke and mirrors !
the economy is NOT better!
and people KNOW that in their gut, they don’t believe the fake numbers coming out of Washington on the economy.
Everyone knows if the same amount of people were compared in the BLS numbers from Bush was in office, the unemployment rate would be 9-10%, which is awful. The BLS numbers are fakery.
Dag nabbit every one of you “beat me to it.”
Maybe its because the jobs picture isn’t “better” at all.
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
If I am going to break even I have to make my money before the 15th. Because after that business dies off to a trickle.
When I started it up business was steady all month.
What the figures hide is that when you remove 10 $100k jobs and replace them with 20 $35k jobs, though you have doubled the number of jobs, the economy, nor the job situation has improved. They’ve gotten worse. The stat is worthless without that information.
Within the environment of the way numbers are calculated:
2nd Q numbers are inflated by almost 2%, from the 1st Q, which wasn’t as bad as stated.
That said, not everything is doom and gloom with the economy, in the sense that there are actual real improvements - from a base that is far worse than the headline numbers imply. The fundamentals of the U.S. economy have real strength, and just being allowed to adapt releases more funds, along with the promise of further neutering of the Obama administration being cooked in at this point.
THAT said, at best, the economy is generally about where it should have been in early 2011 without the government “help”, with some segments which are lagging behind even that - and some permenantly issues, like the extra 4 million+ on disability, excess early retirements, and a debt that will consume about 700-800 billion more a year if the economy actually recovers and interest rates are allowed to return to normal.
It’s hard to sell people a piece of Carp wrapped in in pretty wrapper and call it candy when all the people out there are living with the taste of carp in their mouths everyday. Or more simply, you can’t make a person that is unemployed or underemployed believe that the economy is better.
It’s an excellent job market folks. That is, if you’re looking for part-time work only. The true picture of the job market is the 90 million plus Americans out of the workforce. It is the 50 million plus on public assistance. The vast majority of Americans know it sucks right now and it will get worse the next two years.
The 25 year old son living in your basement is the more meaningful statistic.