Let's see if I understand this story. The job creation for December was
the worst in three years. The stock market is down because of a disappointing
jobs report. And yet the unemployment rate drops to 6.7%. OK. What's
wrong with this (Obama) picture.
When someone asks "why do I have to learn math?" Remember this article
and happy's comment. That's your answer.
There are other concerns about this "data".Why was the ADP report
a couple of days ago so wrong?Why are there significant adjustments made
to the numbers months later?Perhaps the more important question is why the
media is fixated on bad data and continues to ignore the more significant issues
of long-term unemployed people and the underemployed/part times workers? The
middle class has been devastated by the recession and the press seems to buy the
White House hype that happy days are here again.
JMHOAs I figure it, the only way an unemployment rate can go down is
either by creating MORE jobs, or by having LESS jobs to be unemployed from, or
by REDUCING the labor force or the amount of people looking for a job. Do you
see another way? I'd be happy to listen.
JMHOOK, it's getting late in the day and you haven't
responded, so I'll answer my little quiz above after your snide remark
concerning math. It isn't about math. The reason the unemployment went
down is basically stated in the 3rd paragraph where it mentions the number of
people who have dropped off the unemployment rolls. Many of those people are
still unemployed, but just not counted anymore. Therefore we have a drop in the
rate. Maybe Obama should just pass an executive order that says anyone
unemployed more than three months is no longer counted. Then we would have
about 1% unemployment. And then his supporters can then brag about what a great
president he is having the best employment numbers in history. Good idea?
@say no "why the media is fixated on bad data and continues to ignore
the more significant issues." they are focused on reporting the same data
that has been used to report unemployment since such data was first collected to
measure, across many decades and presidents, they better question is why do you
want Obama to answer to a different set of rules then any past president?
Sorry that should read "the better question..."
Well we know a couple of things...Obama Care didn't make health care any
more affordable. It just gave high risk people, who didn't qualify before,
health care at a ridiculous price. Meanwhile the rest of us are paying at the
same rate as before or higher. When it comes to the unemployment rate, there is
certainly some underhandedness and fuzzy math on the part of the Federal
Government. When your own government is corrupt, then nothing will get better
and it certainly hasn't except for the corporate beneficiaries of the
Our federal government is absolutely corrupted from the White House on down!
Which is what happens if there is no accountability! Nothing that comes from the
federal government should be trusted!
Everyone acknowledges that the unemployment rate is misleading for a poor
economy that persists longer than the unemployment comp. Who is going to report
continued unemployment if there is nothing to be gained by doing so? And it
totally excludes those who in desperation are "underemployed". If a
person is subsisting on two or more part time jobs, is he counted twice as
employed?At the current rate of population growth, the US would have
to add 170,000 jobs a month just to break even. A search for the Labor Force
Participation Rate from the Bureau of Labor Statistics yields an interactive
graph that can be extended all the way back to 1948. The rate of participation
began increasing about 1965 as more women began working outside the home. During
the Reagan years it continued to climb, then held fairly steady during the terms
of Bush, Clinton, and Bush, between 66 and 67 percent. Beginning in 2009, and
continuing today, there has been a steep steady downward drop to 62.8%. For all
the debt we have been accumulating "stimulating the economy", it
doesn't seem to have turned things around at all, but has instead been
getting rapidly steadily worse.Time for a new approach?
With 90 million unemployed how does Obama reconcile that the economy is
improving given these latest jobs numbers.......Rush has received his wish,
OBAMA is truly a FAILURE!
With all of the people dropping out of the job market....soon the unemployment
rate will be zero!