For the bulk of my comments on today's Bureau of Lies Damn Lies and Statistics March Unemployment report read this.
Because nothing has changed.
I said it then and many times before and since, as the 99ers expire their benefits in greater numbers and are no longer counted in the BLS unemployment roles THE UNEMPLOYMENT RATE WILL DROP. But that is not a good thing.
Because IF only 120,000 new jobs were added
AND the number of people not in the labor force is a record 87,897,000
THEN HOW can the unemployment rate fall from 8.3% to 8.2 %?
These are questions Americans should ask themselves but don't or won't.
And Barack Obama is counting on that willful ignorance to use in his re-election campaign.
Hi Midnight.
ReplyDeleteSocialist Europ has been using this accounting trick for the last ten years.
It's so easy to see where he gets all his 'wisdom'.
The sign on the wall is the equivalant rise in number of foodstamp users.
The number stood at 46,224,722 persons as of October, the most recent month on record.
NOBODY BELIEVES A DAMNED THING THIS GOVERNMENTS SAYS, ANYWAY!!!!
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