Posted on 02/06/2015 5:45:22 AM PST by SoFloFreeper
.....The unemployment rate rose to 5.7 percent from 5.6 percent. But that’s not necessarily a bad thing. More Americans began looking for jobs, though not all found work. Their job hunting suggests they are more confident about their prospects.
(Excerpt) Read more at bostonglobe.com ...
Obamacult is alive and well.
As reported with a straight face by Brian Williams.
How can 92,000,000+ Americans not be working and the rate be so low?
It sure is. Manipulation is the community organizers specialty.
“Ticked up” is a term to make Obama look “human” and “things like this happen every now and then”. After all, nobody’s perfect. Not even the exalted grand poobah of all the universe. In reality 5.7 = 12.5 or higher.
Pre-market indexes are eating it up.
The markets will not be allowed to fall during the reign of Obama.
After that, watch out.
And drum roll please....this weeks meaningless random unemployment is.....
The Joke Obama tells the Gruber people this lie every week.
Add a one to the left of that five. That will not be where the unemployment rate now is, but it will be closer.
you’re looking at it the wrong way- the jobs reports have taken off since the Republican wave election last November...
Way to Play the game! Also, it should be repeated that sequester was also cause for the good job reports!!!
More like "more desperate"...
Brian Williams wrote this script.
The CEO of Gallop has labled these employment numbers as “The big lie:
GALLUP: “The Big Lie: 5.6% Unemployment”
Gallup.com ^ | February 3, 2015 | Jim Clifton
Posted on 2/3/2015, 10:10:41 AM by Reverend Saltine
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market. None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.
http://www.freerepublic.com/focus/f-news/3253631/post
Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People Posted by 4Liberty
Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!
It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.
The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.
Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:
Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!
Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.
“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People ™ from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”
Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.
“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”
It seems so simple now, it’s a wonder no one ever thought of it sooner.
“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.
We agree.
http://www.freerepublic.com/focus/f-news/3151710/posts
U6 is trending down too, that doesn’t mean much.
The real problem is the labor force participation rate.
Anyone who believes that also believes in the tooth fairy!!!
Strange that the WEEKLY new claims filed by unemployed people hasn’t been issued every Thursday AM since the trouble in Ferguson.
Last I was tracking those numbers, the New Claims were about 300,000 PER WEEK. Then Obamaites try to make a big deal out of 250,000 ‘new jobs’ for THE MONTH.
That math just doesn’t work for the overall percentage to go down, but with NEW MATH being overused in DC, they can report whatever they want & the lapdog media doesn’t say a thing.
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