“This is BS. Hold steady? How the he** is it doing that when massive layoffs in most of the states took place this month. The libs lie constantly to try and prop up the Bozo.”
The statistics are manipulated every month to keep the unemployment rate under 10%. This is done by reducing the quantity of people “looking for work” as well as the assumption about the size of the workforce. People who are not looking for work are not considered “unemployed”.
I also understand they remove you from the “unemployed” if you are denied unemployment insurance or if your unemployment benefits run out. Many males in the inner city who are hanging out on the corner and not actively looking for work are not considered “unemployed” by the government. Certainly the welfare queens sitting back and collecting government assistance are not counted as unemployed. The government also does’t count the “discouraged” as unemployed. These are defined as people who are not “actively” seeking employment because they’ve been worn down from months of rejection.
From the perspective of those of us in the private sector, we know the unemployment rate is well over 10%. The real rate is likely at depression levels (over 20%). If we had a robust economy, and the government safety net wasn’t so liberal in dispensing benefits, the size of the labor force would be much higher.
Another observation. Almost every government statistic pertaining to economic health is revised a month or two later in a direction that shows further deterioration.
The plain truth - the government lies. It isn’t just Obama. We had the same thing under Bush.
We didn’t have The Obama Depression under Bush.
Zero’s government lies. The economy under Pres. Bush was remarkably better, particularly when you factor in the effect of 9/11. Sure it wasn’t perfect but nothing like this was going on. In fact if anything the reporting was designed to suppress good news and lament “high” unemployment when it got over 5%.
They are contorting themselves into pretzels to keep that unemployment rate under the magic number of 10%. The Pravda-esque media we have is completely culpable as is Zero’s bunch.