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AS for the op, yes the unemployment rate is down, but that is not telling you much anymore. Every since the hyped unemployment rate stopped counting those who were underemployed or had given up on looking for work the number really means nothing. The U6 unemployment is the true unemployment rate, and it is still higher than it was in Sept of 2008.
Even the U6 unemployment rate may not give us a truly accurate picture of the jobless crisis, especially if you look at sites such as Shadow Stats...
An increase is always better than a decrease BUT the problem is many of them are most likely low wage jobs in the service industry. There has been millions of jobs added under Obama yet more people than ever are in poverty.
Factcheck.org on Obama and jobs and the economy :
Median household income declined 4.6 percent during Obama’s first five years, and nearly 5.5 million more Americans were living in poverty last year than before he took office.
It has been shown that African-Americans are doing WORSE under Obama the EXACT demographic that voted for him in droves and were looking for hope and change.
Corporate profits are up almost 200 percent but the average wage of the worker has only gone up less than a percentage point when you adjust for inflation.
Correlation doesn't equal causation.
The events that led to the economic collapse all took place before Obama entered office.
But that's another discussion for another forum...
It is spotty in improvement, some states have chronically high unemployment rates above national averages. The Unemployment rates they always report are completely without meaning here. (IL) Agreed many have dropped of the rolls.
Are you serious? Have you seen how the wealth gap has exploded since Obama took office? Or how about how many small businesses are being crushed with new regulations and fear of what is coming next?
AS for the op, yes the unemployment rate is down, but that is not telling you much anymore. Every since the hyped unemployment rate stopped counting those who were underemployed or had given up on looking for work the number really means nothing. The U6 unemployment is the true unemployment rate, and it is still higher than it was in Sept of 2008.
Apparently you haven't noticed that the Republican party is the party of big business and the wealthy. The wealth gap began greatly widening under George w. Bush and has continued unabated due to the obstructionism committed by the Republicans in congress.
Are you serious? Have you seen how the wealth gap has exploded since Obama took office? Or how about how many small businesses are being crushed with new regulations and fear of what is coming next?
AS for the op, yes the unemployment rate is down, but that is not telling you much anymore. Every since the hyped unemployment rate stopped counting those who were underemployed or had given up on looking for work the number really means nothing. The U6 unemployment is the true unemployment rate, and it is still higher than it was in Sept of 2008.
Doesn't it only count those that are drawing unemployment benefits? If I am correct, then anyone that has exhausted his or her benefits but is still looking for employment is not considered unemployed therefore not counted.
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