Oh, baloney. I've seen people throw out all sorts of numbers regarding that scenario. Jobs are being created. Period.
why is the unemployment rate so low ? there is something flawed in one or the other ... I think people have been saying this for a while ...
Indeed. That's why the unemployment rate went up -- oh! Wait! Unemployment went DOWN! So what are YOU talking about?
It means 120,000 people need to figure out how to create themselves a job by going to work for themselves.
Yes, but...10,000 manufacturing jobs were created and June's loss of 11,000 was revised to -1,000, which means a net gain of 19,000 jobs in the "battleground" states. A small silver lining for the President.
How in the name of all that is holy does the government ascertain how many people WANT a JOB?
Not true at all. These are all seasonally adjusted numbers - statistically massaged. They have little bearing on the reality of the situation. They also only refer to people employed by others. It is of course possible to make a job working for yourself, which is what more and more people are doing - hence the unemployment rate dropping.
Reality is that 629,000 people got jobs last month. But you'll never hear that in the liberal news media.
http://www.bls.gov/news.release/empsit.nr0.htm
"Total employment rose by 629,000 to 139.7 million in July, and the employment population ratio--the proportion of the population age 16 and over with jobs--increased to 62.5 percent. The civilian labor force also increased over the month, rising by 577,000 to 147.9 million, and the labor force participation rate rose to 66.2 percent."
2.2 million more people are employed this July than last July by the unadjusted figures for the Household Survey. 1.65 million more people are employed this July than last by the Payroll Survey. 500,000 more people are employed as professionals this year versus last. 350,000 more in health care. 300,000 more in trade and transportation.
Interestingly, last years "Seasonal Adjustment" ratcheted the Payroll employment up 333,000 jobs. The adjustment in July 2002 was 336,000. In July 2001 it was 286,000. In July 2000 266,000. This year's adjustment was 153,000 jobs. The net difference of 180,000 "adjustments" this year to last is the difference between a continued "boom" and an anemic recovery.
What a load of crap. You have to factor in the net job need after retirements. In addition, the jobs numbers don't take into consideration the self employed. Thats why the unemployment rate went down, even though on 32,000 new jobs were created.
And during a period when the flood of immigrants coming here for work is at an historic high.