The U.S. economy created 146,000 new jobs as the unemployment rate fell to 7.7 percent in November, according to the latest jobs report.
The number of unemployed persons stayed mostly unchanged at 12 million. Also, the number of long-term unemployed (27 weeks or more) was little changed at 4.8 million – this counts for 40.1 percent of the unemployed. The U-6 unemployment figure, which is far more realistic than the U-3 rate the media loves, dropped .2 to 14.4 percent – its lowest level all year.
While these numbers are optimistic, they begin to look far worse with the inclusion of this figure:
[typography font="Ubuntu Condensed" size="22" size_format="px"]the labor force participation rate dropped to 63.6 after more than 540,000 people dropped out of the workforce.[/typography]
And how many people have given up and no longer show on anyone’s radar?
Everything is going according to plan…
[typography font="Ubuntu Condensed" size="24" size_format="px"]Over the last five months, 73% of all jobs created were government jobs.[/typography]
But, PAAAAAAAAAAAAAAAM! The other numbers don’t look so good for the pres and his buddies. Gotta only report the ones that paint *him* in a good light.
Again, you’re right! Give that woman a prize!
I take cash.
It’s funny, both here and in the 1930s people kept voting for the Party that worsened unemployment. I tell people about the unemployment rate in 2006 when the Dems took Congress and they give me a blank look, then they blame BOOOSHHHH!!!!!!111!!!!111!!!ELEVENTY!!!
I never understood the Blame Bush thing. It was the rhetoric of the time, I guess. But.. I have a graphic for that!
If you are told all day and all night by the news and almost every program on TV that it is Bush’s fault than that is all you will think – since we do not watch TV we are not being programmed as they are
Very true!