What this means that the real numbers are much, much worse. So bad that even the big government/MSM lie-machine could pull of this kabuki unemployment scam any longer.
This is another summer of recovery?
-49,000 in revisions from Mar and Apr!
Post of the day. Spot on.
Obama has been faking the U3 numbers so long eventually there was nothing left.
The idea of the unemployment rate going up in May is on its face, absurd. Construction and other outdoor jobs should be increasing, while high school and college students have not yet fully entered the summer jobs market.
-—What this means that the real numbers are much, much worse.——
I’m stunned that they’ve gone off the 7.5%-unemployment-by-October script.
Perhaps not. They may be depressing the numbers now so they can claim “recovery” closer to the election.
Yeah, I was thinking that it must be really bad, much worse than they admit, if they actually had to tick the unemployment rate back UP a tenth instead of claiming a drop.
The stink is now so bad they can’t find the perfume to cover it up, this economy is like a skunk that is shot dead just AFTER spraying everything around him and is then left to lie there. A blind person could spot the problem from half a mile away. All that is needed now is for the high priest of Kenyan economic magic to remind us that he “inherited” the problem.