Skip to comments.
OBAMA: 'I Didn't Overpromise,' Says Unemployment Could Drop To 8% Next Year (Watch Video)
Business Insider ^
| 12/10/2011
| Zeke Miller
Posted on 12/10/2011 6:22:47 PM PST by SeekAndFind
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-22 last
To: Anti-Bubba182
"Sure it will. Enough people will have stopped looking for work and thereby drop off of unemployment statistics to make the unemployment rate go down." Exactly right.
The only people counted as unemployed are the ones drawing unemployment checks. Once the unemployed person runs out of benefits, he or she is taken off the unemployment rolls.
A lot of the unemployed never qualified for benefits, (self employed construction sub contractors etc.) They were never included in the numbers.
21
posted on
12/11/2011 3:45:34 AM PST
by
DeaconRed
(I know how to get Grinch Ginrich to drop in the poles. He will if I endorse him. All my others did)
To: upchuck
caused by the BLS dismissing a while bunch of people who have quit looking for workI think it's been like this since the Johnson admin, but now when the economy is basically in depression we see how this works to their benefit.
Navigation: use the links below to view more comments.
first previous 1-20, 21-22 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson