U6 data, NOT the cooked/fried/boiled U3 numbers, MUST be used. The corrupty, criminal BLS gets away with too much to benefit the marxist-POS-liar-traitor-in-chief.
Why are we continuing to sign up for this little piece of fiction in the first place? I wish they would cite the actual 14.7% number...Say it often. Say it every chance you get. Our national unemployment picture is a national disgrace. Historically, America has always been about work. WORK. Not how you take care of those who can’t find it.
Most of these people are unemployed and their emergency benefits have run out. Despite what you hear there is a limit on the benefits an unemployed gets. More than that sometime around Jan 14th EVERYBODY’s federal emergency benefits end because that’s when the program expires. It does not matter if someone has just got on emergency unemployment in August, October or december - they all stop on that date.
What the republicans should do is put up a bill that extends the emergency unemployment benefits for 3 - 6 months. And offer cuts in other places (preferably in places Harry Reid would not like to see cuts) to offset the cost of the emergency unemployment.
This will put Harry Reid and his party in a very difficult position (between a rock and a hard place). It will NOT look good if his party votes against the unemployed victims of this pResident.
If this had been done earlier we would not be seeing 7.8% unemployment because the more people that get back into the program the higher the unemployment rate will reflect Realville as it heads up toward 11%.
Most likely we will see another drop in the unemployment rate next month. This is the time that those who went on emergency unemployment expire and are no longer counted as unemployed. This benefits Obama.
Mitt Romney is right, the rate is dropping as people’s unemployment benefits expire.