Posted on 10/06/2012 10:59:07 AM PDT by kingattax
A flashback to a CNN article from just before the 2004 election era shows just how unbelievable today's new unemployment numbers are.
In September 2004, new numbers came out, showing a drop in unemployment from 5.5% to 5.4%. At that time, with a much lower unemployment number than we have today (around 8% today), the increase in new jobs that caused a 0.1% decrease in unemployment was 144,000.
So, let's get this straight. With 144,000 new jobs in a smaller U.S. population (about 295 million in 2004 vs. about 314 million today), you get a drop in unemployment by 0.1%.
But now, 8 years later, with a greater population, you get 114,000 new jobs and, somehow, you get an even larger drop in unemployment: from 8.1% to 7.8%?
That just makes no sense.
(Excerpt) Read more at spectator.org ...
Go to the USG Bureau of Labor Statistics site and look up the U6 unemployment rate. It’s 14.7 for September.
In my discussions with libs about this number, I don’t even bother to trash it, since they are ready for that. I just say, “Yeah, 7.8% is very bad, and and 114,000 new jobs and a 1.3% GDP means the eceonomy is getting worse.”
Ask yourself: In four years have you seen ANYTHING honest out of the 0bama regime?
Ask yourself: In four years have you seen ANYTHING honest out of the 0bama regime?
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