Ping!
Check the “Economics” textbooks for the last 50 years!!!
5% Unemployment is considered to be FULL EMPLOYMENT!!!!!
The UE rate was hovering near 8% when Bubba took office. While trending to the bad, 5.1% is still pretty good.
We’re all gonna die! The end is near.
If Obama gets elected those who decry 5.1% unemployment now will soon find themselves longing for those glory days of 5.1% unemployment.
This would be really good news if all the jobs lost came from the dinosaur media, print and otherwise.
“Employers buffeted by talk of recession...”
Did the AP just indirectly take responsibility for these job losses? Because the press trumpets the gloom and doom BS constantly...
And according to the CNN ANCHOR PERSON, who is there to REPORT the news, commented this morning “How can we deny we are in a recession with this new information?”.
They say unemployment is 5%, but that counts those who are drawing unemployment. Those who have dropped out and are living in their parent’s basement are growing in number.