We have good economic news, and a seeming end to the near depression that
started with the previous President. Things are still tough for those at the
bottom of the economic strata, but improving. At least they can get quality
healthcare in many states (sorry poor in Utah, but you don't apparently
deserve this).I doubt the Obama-haters or the Tea Party set will
give any credit to the Administration.I also wonder how much further
ahead in the recovery we might be if the Tea Party/Republican sects had not
hindered, thwarted and demonized the Presidents's other plans to improve
the economics of the country.Okay, conservatives, tell us why Obama
is the stinker now? What new and ingenious claims will you now make? I
anxiously await new entertainment and a good laugh.
Remember President Bush's the economic sky is falling speeches? The
President turned it around while being yelled at constantly by Santelli and the
I hate to break your bubble but these numbers are worthless! "The rate fell
because many (about 90 million actually) people got fed up, stopped looking for
work and dropped out of the labor force altogether." This according to CNN
Money Mag (The jobless have to be actively looking for work in order to be
counted as unemployed by the Labor Department. It also does not include millions
more Americans who are forced to working part time! Never in our history has so
many Americans given up looking for work nor has there ever been so many forced
to work part time! The real unemployment numbers are double digit!
@MountanmanThe article wasn't about the unemployment rate,
rather that amount of applications for unemployment benefits has fallen
@ Darrel. Please remember that these numbers are FIRST TIME applicants which do
not include the long term unemployed or the part timers! It doesn't include
about 90 million who have given up finding work.
@MountainmanIt is not 90 million who have given up finding work...
you're counting every stay at home parent who was never going to look for
work anyway, and every retired person too, at this point you might as well say
180 million and include every child too, that's how meaningless that stat
@MountanmanDo you have a source for 90 million?Keep in
mind that the entire population of the US is only 316 million.That
includes kids who are not of working age (20% of population is under 15) so that
brings the eligible working force to 252 million.Percentage over 65
is 14% so that brings the workforce to 231 million. Bringing the effective
workforce to 208 million. If your 90 million is accurate, that brings our
effective unemployment to 43%. That is before taking out college students not
seeking work, disabled who cannot work, homes with the mom staying home
etc...which could pull the effective unemployment rate to around 50%.The GDP would not be growing with 50% of our resources not being utilized.
@schneeActually is is you who are wrong. There are a record number
of Americans not working as a direct result giving up seeking employment.Sure there are a number who were stay at home but that does not account
for those who were seeking employment who have in fact quit looking as a result
of the futility.This is a jobless recovery.It is a
broken record to how many times the numbers are "revised" in a negative
fashion after they trumpet this great news. Strange how it always is quietly
revised in a negative direction instead of occasionally being the opposite
huh?Its not really a coincidence at all.Welcome to a
country of part time workers and jobs. If you are not at a professional level
you stand practically no chance of getting a full time job.Thanks to
obamacare we all now have a lower standard of healthcare and its more expensive.
The same law that drives businesses to maintain people at part time so they are
not forced to pay for healthcare.Bad govt. Bad policy. Bad
results.No surprise...it was all forecast and now democrats admit
Maybe the drop in numbers is because everyone is already on welfare. You
don't need to apply for welfare once your on it.
Meanwhile if mitt romney was president and the same news came out mountainman
would be praising the president for great leadership.
@ Schnee & Darrel. Happy to oblige. "Just after Labor Day, the Bureau of
Labor statistics reported more than 90 million Americans age 16 and older were
not in the labor force in August, the highest level recorded since the
Department of Labor began collecting the data during the Truman administration
three years after the end of World II"Of course this news was not
reported in any of the main stream, protect Obama news outlets but as the late,
great Winston Churchill once said, "Truth is inconvertible, ignorance will
deny it and malice will attack it, but in the end, there it (truth) is!" So
therefore I say with all my best wishes, there it is, do with it what you will!
My only point is that your government is not telling you the truth, period!
Any deep study of the true unemployment numbers across all classifications
places true unemployment at 25% regardless of who was or is in Congress or the
WH. I just ignore these fantasy numbers since they are pointless, misleading and
completing manipulated or created out of thin air.