If everyone is back to work, who is getting all this welfare money? The lies never end with this president.
Posted on 03/06/2015 9:09:41 PM PST by Olog-hai
Unemployment in the U.S. has dropped to a seven-year low of 5.5 percent—a level normally considered the mark of a healthy job market. Yet that number isn’t as encouraging as it might sound.
While U.S. employers added a solid 295,000 jobs in February, and the jobless rate fell from 5.7 percent, it went down mostly because many people gave up looking for work and were no longer officially counted as unemployed, the government reported Friday. What’s more, wage gains remained sluggish.
Those trends suggest that the job market, while improving rapidly, isn’t quite as healthy as it looks.
That complicates the Federal Reserve’s task of figuring out when the economy has strengthened enough to withstand higher interest rates. The Fed is considering a rate increase as early as June. …
(Excerpt) Read more at hosted.ap.org ...
I know many folks working off book (less then minimum wage) just to make ends meet. Their unemployment has long run out and they are on the government dole (EBT, etc).
I doubt these folks are counted.
5.5%?! And Bill Clinton didn’t inhale...
I started to giggle... and then direfted my eyeballs up to look at the source and saw AP and I just lost it laughing.
Double it and you're coming closer to the truth.
It all depends on what the meaning of the word job is.
How about “spirit-sapping, mind-numbing drudgery that under-values my talents and over-values my patience”? ;’)
Thats good on so many levels ; -}
In 2007-2008 the leftwing media were hanging George Bush in effigy when the unemployment rate was 5.5%. Double standards? Nah!
If everyone is back to work, who is getting all this welfare money? The lies never end with this president.
93.7 million Americans are now “not in the job market” and excluded from this complete.
That number has been going up, month after month, after month.
http://www.bls.gov/news.release/empsit.t16.htm
Sorry “completely”.
Associated Press? Wow!
>>5.5%?! And Bill Clinton didn’t inhale...<<
No silly, he didn’t smoke the cigar.
In days gone by. 5.5% was full employment. America is now at or very near full employment.
The 5.5 % include those between jobs and those that are chronically unemployed. In days gone by, at 5.5 % it was necessary to wink at illegals to insure there were enough workers.
Obama is a plague that must be eradicated
How can the media keep a straight face and pretend to be serious while reporting the lies about unemployment for so many years during the Obama admin.?
Real unemployment (U6) has steadely gotten worse under Obama. Over 40% of able males are without jobs.
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