The liberal, mainstream media is all a twitter about the latest unemployment numbers coming out of the Department of Labor. Yes our unemployment rate is now a healthy 8.6 percent and that number grabbed many headlines along with the pronouncement that that is the lowest rate since March 2009. Unfortunately that is all that most of the American public will hear going into the weekend. Left out of most news blurbs was some rather important facts;
- You’ll hear that payroll increased by 120,000 jobs, but probably will not be told that most of those jobs are temporary, holiday seasonal positions which should make for some somber January 2012 numbers.
- You’ll not likely hear that a majority of the drop in the jobless number is because 315,000 of our fellow citizens have stopped looking for jobs. Once they stopped looking they are no longer considered in the jobless numbers. At this rate of citizens giving up we should be at “full employment” by November 2012.
- The real unemployment rate which is never reported and includes those who are no longer seeking employment and those who are underemployed is at a dismal 15.6 percent.
Even an article by Obama’s MSNBC couldn’t avoid the less-than-stellar jobless news in their story,
“When the unemployment rate declines, we want to see both employment and participation increase as discouraged workers return to the labor force. Today, we got the former, but not the latter, making the 0.4 percent drop look a bit suspect,” Neil Dutta, US economist at Bank of America Merrill Lynch, told clients. “We would not be surprised to see the unemployment rate give back some of its decline in the coming month(s).”
It is a sad sad day when the Obama media can no longer cover for him. Perhaps he should go on a 17 DAY VACATION TO HAWAII! All that fundraising he has been doing this year has been tiring. Can you imagine how tired he’d be if he actually was actually participating in governance?