This should REALLY drive the “Fun With Numbers Friday” numbers down. I already see a huge drop in those applying for unemployment. The unemployment rate will probably drop below 4% once these 800,000 are let go. Da conomy be boomin’.
Notice how this works-—if the layoffs are “rolling “, ie they can go down to 35 ( I think the number is) hours per week and still be full time employees by federal rules, then not a single one of them will qualify for unemployment benefits. Even if the number drops to 20 hours per week they still couldn’t apply. So Obamuzzie can cut the bleep out of the DOD workforce and still not have the unemployment rate go up?