Posted on 07/06/2012 6:43:18 AM PDT by Perdogg
from your link:
http://blogs.wsj.com/economics/2012/07/06/broader-jobless-rate-ticks-up-to-14-9/
Unemployment rate
February, 2009: 8.1%
June, 2012: 8.2 %
Pretty much says it all regarding this administration.
They didn't “apply”, they are now receiving.
That’s an excellent example of models going astray.
If the models were better, they’d already be programmed to ignore the ADP report, which has little to no predictive skill for the BLS report.
And let the spin begin!
“Public Radio Spins Stagnant Jobs Numbers for Obama: ‘Growth Nonetheless!’ “
Expect it from the rest of the media.
Even worse.
The cost of unemployment to the economy each year far eclipses what the “stimulus” cost us. It’s not easy valuing what the Obama administration has cost our nation, just in pecuniary terms, but it staggers belief. And most of these expenditures naturally exacerbate the “problems” they supposedly were allotted to address.
The cost of unemployment to the economy each year far eclipses what the “stimulus” cost us. It’s not easy valuing what the Obama administration has cost our nation, just in pecuniary terms, but it staggers belief. And most of these expenditures naturally exacerbate the “problems” they supposedly were allotted to address.
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