I thot “underlying momentum” was the grease on the ground that keeps the Grand Kenyan’s butt sliding smoothly?
“unemployment rate rises to 6.2 percent”
Damn that Bush. /s
Interest rates are very low because they know damn well if they raise them, they’ll put the final bullet into the head of what’s left of the economy...
The kids got out of school and tried to find jobs.
pure bullshit.
There has never been so many people that have dropped out of the workforce than there have been as a direct result of Obama’s anti-growth policies. Even though these people have no jobs and are not working, they are not considered to be unemployed by the liars in government that spew these false “unemployment” numbers to the public at large.
Real unemployment (the number of people not working) is the highest it has been in the entire history of the US.
FUBO
Real unemployment for the general population is somewhere between 18% and 25% and some demographics are much higher.
http://www.usmayors.org/pressreleases/uploads/2014/0811-release-metroeconwagegap.pdf
A new report from the U.S. Conference of Mayors delivers a sobering, if unsurprising, statistic about America’s economic recovery since the recession of the late 2000s: Present-day wages in the U.S. are down 23 percent from their 2008 levels, resulting in $93 billion in lost pay for American workers.