4 more years.
Stuart Varney on Foxnews predicts the Stock Market to be up 100 points at the open, because of the job news.
There are more people employed than unemployed at the moment. In general, most people’s awareness of the unemployment rate is based on a very small sample, and what the MSM tells them.
If the MSM tells them everything is good, how would a person know any different? That is, assuming that person used personal experience and the MSM almost exclusively for information.
The MSM is very powerful, and fabricating a happy narrative for BHO will be effective.
bwa ha ha ha ha ha ha ha ha!
Oh, my, the Obama worshipping media is really, really trying hard.
This is really weird. When the unemployment rate was going up, Barry and the ‘RATS kept giving us excuses like, “It snowed a lot this month.”, “It rained a lot this month.” and “It was really windy this month”. I haven’t seen any changes in the weather and now the numbers are going down. Somebody is lying.
When the BLS is changing the way it calculates these numbers month to month, how can one possibly trust the unemployment number? That’s what Obama hopes the 99% ignores. Of course, it you use the BLS methods to calculate it, the 99% becomes the 1%.
when will the GOP stand up and tell everyone when they took control of the congress and regained seats in the senate the jobless rate was 9.9% but has since fallen 1.6%???
It’s pretty easy to see how they gamed this number. Just declare that over a million people are no longer “in” the labor force. (Actually 1.18 million - see thread a few up from this one.)
Was Obama just re-elected? Everyone expected lackluster job growth because many of the Dec jobs were holiday (temporary) ones. But January was robust. Very likely now the rate will be under the magic 8% by Election Day and the GOP argument will be gutted (”You said if the stimulus was passed we would not go above 8%!”). Obama would only have to say “The stimulus worked, and I saved the auto industry”, and he’s back in. Disagree? Then tell me why. The GOP choices are the worst crop since the 1972 Democrats, and the American people are stupid and gullible.
It really doesn’t matter. Neither Romney nor Gingrich will win in November.
I started a spread sheet (yes, I'm a geek), using BLS numbers(NOT seasonally adjusted, which is just another trick to make the numbers look better.
Here are the facts. In Jan 12, the civilian "population" was 242,269,000, an increase of 1,685,000 over December.
The civilian work force was 153,485,000, an increase of 112,000. This DROPPED the labor force rate from 63.8% to 63.4%.
The number of people employed DROPPED by 737,000 to 139,994,000.
The number of unemployed INCREASED by 849,000 to 13,541,000. The unemployment rate therefore INCREASE from 8.3% to 8.8%.
In January '09, when Obozo was sworn in, the labor force participation rate was 65.4% (today only 63.4%). With the increase in population, if the participation rate was still 65.4% today, the real unemployment would be 11.7%
Those are the real harsh facts! Don't buy into the lies!
Go to the website and look at the data yourself: http://www.bls.gov/webapps/legacy/cpsatab1.htm
The most obvious economic indicator for me is the time it takes me to commute to work.
I have noticed a significant increase in my commuting time in the last few months.
These people must be driving somewhere at 6:30 in the morning, and I don’t think it is the unemployment office.
I wonder how the 15,000 people who are losing their jobs at American Airlines feel about this news?
Riiiiiiiiight. As long as one redefines enough terms. Then again, that is a mainstay of liberals and their lapdogs in the media.
LLS
Only those who drink the Obama Kool-Aid believe
any financial data generated by this administration.
...The nation has about 5.6 million fewer jobs than it did when the recession began in late 2007.
That's why the unemployment rate keeps falling.
