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New jobs numbers, same argument (More lies from Obama and the BLS)
Washington Post ^ | 3/9/2012 | Jennifer Rubin

Posted on 03/09/2012 1:37:27 PM PST by tobyhill

With the release each month of the job numbers, we see the two parties’ competing narratives. Democrats declare, “Look at the job growth! The president’s policies are working!” The Republicans say, “You must be joking. It’s been years since the first stimulus, and we are still above 8 percent unemployment.”

Today that certainly played out. The Post reports: “The nation’s unemployment rate remained unchanged at 8.3 percent in February despite better-than-expected job growth, according to government data released Friday. The Labor Department said that the economy added 227,000 jobs last month.” Even with some improved job growth, it was “not enough to move the needle on the overall jobless rate, one of the most closely watched indicators of the country’s economic health.” And even more troubling, “More than 5 million people have been unemployed for longer than six months, accounting for nearly 43 percent of those who are out of work, government data show.”

,,,,

Jim Pethokoukis of the American Enterprise Institute has another take, looking in detail at the job figures. He finds, “If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office — 65.7% then vs. 63.9% today — the U-3 unemployment rate would be 10.8%.” In addition, he notes:

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Extended News; News/Current Events
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1 posted on 03/09/2012 1:37:29 PM PST by tobyhill
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To: tobyhill

http://www.nationalaffairs.com/publications/detail/what-is-unemployment


2 posted on 03/09/2012 1:39:04 PM PST by U-238
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To: tobyhill

About half of these jobs are temporary or part-time, with low wages and no benefits.

The other half do not exist, they are fiction based upon the BLS’s “birth-dealth” model.


3 posted on 03/09/2012 1:40:58 PM PST by LowTaxesEqualsProsperity
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To: tobyhill
“The nation’s unemployment rate remained unchanged at 8.3 percent

And that's the sanitized report. The real rate is close to twice 8 percent.

4 posted on 03/09/2012 2:04:18 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: tobyhill
the economy added 227,000 jobs last month

"Yes, I got two of 'em to make enough to match my old salary," said more than one person. I bet.

5 posted on 03/09/2012 2:12:11 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: tobyhill

The U-6 numbers are the real unemployment numbers in my book which is in the 15% range right now.


6 posted on 03/09/2012 2:33:43 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine

I count about a dozen of my friends who are over 50, colleged educated and are either unemployed or earning less than half of what they did 3 years ago. Some of them votes for BHO last time but won’t this time.


7 posted on 03/09/2012 2:44:39 PM PST by ozdragon
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