Yep, say it enough, and the idiots believe it. But they think it’s their neighbor that is hurting, not themselves which just baffles me.
"Nonfarm payroll employment increased by 157,000 in May, and the unemployment rate was unchanged at 4.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Health care and food services added jobs, while employment declined in manufacturing. Average hourly earnings rose by 6 cents, or 0.3 percent, over the month.
The number of unemployed persons (6.8 million) and the unemployment rate (4.5 percent) were unchanged in May. The jobless rate has ranged from 4.4 to 4.6 percent since September 2006. Over the month, the jobless rates for the major worker groups--adult men (4.0 percent), adult women (3.8 percent), teenagers (15.7 percent), whites (3.9 percent), blacks (8.5 percent), and Hispanics (5.8 percent)--showed little or no change. The unemployment rate for Asians was 2.9 percent, not seasonally adjusted.
Add to that wage depression at the bottom end of the wage scale due to immigration, legal and illegal, and I can understand why where you stand on the economy depends on where you sit. About 50% of the country pays 1% of the income tax and more than 80% pay more in FICA taxes than income taxes. Inner city unemployment rates are in the double digits.