I bet the unemployment rate will drop tomorrow to 9.0%. Not because many jobs are added, but because more people have dropped out of the labor force.
My predictions for Friday’s numbers:
Unemployment rate: 9.0%
Jobs: 80,000 added
These numbers will obviously basically suck, but the media and Hussein will call these figures signs of great progress.
Can’t wait to see what July’s unemployment numbers are “Adjusted” to.
The media focuses only on U3, when U3 should be discounted entirely if U4 also goes up (discouraged workers.)
The truth is that U6 is the closest thing to the real picture of unemployment in the nation, but since that is around 18%, you’ll never see it get broadcast with a democratic president and a liberal media.
Nearly 1 in 5 is struggling hard to feed their families in America today. I can’t believe they aren’t blaming Obama, but that that, too, is being hidden.
“but the media and Hussein will call these figures signs of great progress.”
Something deep has begun to panic the left, and Obama’s willing sycophants in the media, that’s for sure. I think the BLS numbers could be far worse than what anyone thinks, especially the “Total Employed” number.