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This administration has royally cooked the books when it comes to the unemployment stats; the UE rate never dropped to 8.6% as the hypocritical liberal press gushed about, and one key reason why it 'dropped' was because over 300,000 folks dropped out of the workforce after not finding work.
This is still a very anemic recovery, and Obama's spree in boosting regulations won't help at all, not to mention job-killers such as ObamaCare & the Dodd-Frank bill.
Unemployment rates fell in 43 states in November, the most number of states to report such declines in eight years. The falling state rates reflect the brightening jobs picture nationally. The U.S. unemployment rate fell sharply in November to 8.6 percent, the lowest since March 2009. The economy has generated 100,000 or more jobs five months in a row — the first time that's happened since 2006, before the Great Recession.
This administration has royally cooked the books when it comes to the unemployment stats; the UE rate never dropped to 8.6% as the hypocritical liberal press gushed about, and one key reason why it 'dropped' was because over 300,000 folks dropped out of the workforce after not finding work.
This is still a very anemic recovery, and Obama's spree in boosting regulations won't help at all, not to mention job-killers such as ObamaCare & the Dodd-Frank bill.
The biggest job killer has yet to hit but may before the end of the first quarter of 2012: the fall of the eurozone.
I suggest anyone who thinks I speak lightly of this go over to our government's Youtube channel on oversightandreform and listen to the hearings on 12/15 and 12/19. We haven't even begun to see hard time yet folks and everyone will be hit. This is the result of kicking the can down the road too long.
This thread should read: Unemployment fell in 43 states in November, Republicans so mad they could kill!
You've got it exactly backwards. If the Republicans wanted to keep the unemployment rate up they would support the extension of unemployment benefits for another 52 weeks. That would ensure that the people without jobs would continue to be counted as unemployed. When a person's unemployment stops he is no longer counted in the unemployment tabulation--whether he has found a job or not. That's why the real unemployment rate is closer to 11% when these no-longer-counted people are added in.
Unemployment rates fell in 43 states in November, the most number of states to report such declines in eight years. The falling state rates reflect the brightening jobs picture nationally. The U.S. unemployment rate fell sharply in November to 8.6 percent, the lowest since March 2009. The economy has generated 100,000 or more jobs five months in a row — the first time that's happened since 2006, before the Great Recession.
This has been due to people simply giving up searching for jobs and are no longer listed on the unemployment rolls. This is not good news for the adminstration.
You believe the government intentionally conspires to manipulate the numbers.
Read the Social Security and Medicare actuarial reports for 2011.
The government believes Social Security revenues would increase by 28.82% in 2012. That would be possible if and only if the unemployment rate was 5% and the labor participation rate was greater than or equal to 66.4%, no later than January 1, 2012 --- an impossibility -- and every competent economist knew that in 2009.
They also believe that your economy will grow at the ridiculously fantastic rate of 6.4% annually through 2085, in spite of the fact that since 1961, your economy has grown an average of 2.89% annually.
Both of those fallacies lead to false conclusions; namely that the Social Security Trust Fund will be exhausted in 2036, when in reality it will be 2028, and the Medicare Trust Fund will be exhausted in 2024, when again in reality it will be 2018.
So, who's manipulating numbers? I'll give you three guesses and the first two don't count (and no, it isn't the Chinese).
Read the Social Security and Medicare actuarial reports for 2011.
The government believes Social Security revenues would increase by 28.82% in 2012. That would be possible if and only if the unemployment rate was 5% and the labor participation rate was greater than or equal to 66.4%, no later than January 1, 2012 --- an impossibility -- and every competent economist knew that in 2009.
They also believe that your economy will grow at the ridiculously fantastic rate of 6.4% annually through 2085, in spite of the fact that since 1961, your economy has grown an average of 2.89% annually.
Both of those fallacies lead to false conclusions; namely that the Social Security Trust Fund will be exhausted in 2036, when in reality it will be 2028, and the Medicare Trust Fund will be exhausted in 2024, when again in reality it will be 2018.
So, who's manipulating numbers? I'll give you three guesses and the first two don't count (and no, it isn't the Chinese).
First, isn't this thread about unemployment? Second, making projectiongs on growth is something every single reputable entity with an economic plan makes. Every corporation does it, every hospital. Every small business with growth plans. Whether or not they actually come to pass is another story, but making projections is a standard practice and is hardly representative of data manipulation. Perhaps you don't understand the definition of manipulation.
First, isn't this thread about unemployment? Second, making projectiongs on growth is something every single reputable entity with an economic plan makes. Every corporation does it, every hospital. Every small business with growth plans. Whether or not they actually come to pass is another story, but making projections is a standard practice and is hardly representative of data manipulation. Perhaps you don't understand the definition of manipulation.
But double or triple what you've done in the past is a bit too optimistic.
Maybe a more conservative approach or, given the past three years, a revision to those lofty numbers.
In November of 2003, at the same point in Dubya's first term, the economy created 18,000 jobs.
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