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Unexpected Hope!

Expected Hype!

News Item: 146,000 new jobs added in November, nearly twice as many as the 85,000 predictded! Woo hoo!!!

News Item: Unemployment down to only 7.7%! Woo hoo!!!

Hidden Reality: nearly half of the new jobs are part time seasonal employment (ie selling Christmas Trees in the evening) and the labor force suffered MORE THAN HALF A MILLION drop-offs as folks rolled off benefits, bringing the number of unemployed to over 8.8 million.

Link

The truth shall set you free shall make you freeze: real unemployment is 14.4%, but you have to dig for that statistic.

PS - as always, expect the November jobs numbers to be adjusted downwards in a month or two, when they are no longer newsworthy. This happens nearly every month to the data from a couple months back. Some call it a rounding error. I call it bullshit.

UPDATE: via COTR: the hidden fact that 73% of these new jobs are with the government. Crivens.



Posted by Drew458    United States   on 12/07/2012 at 11:03 AM   
 
  1. Put this up on my FB from another source, but I’m putting this one on my blog.

    Posted by cmblake6    United States   12/07/2012  at  01:42 PM  
  2. Don’t forget the unposted link to HotAir.

    Posted by Drew458    United States   12/07/2012  at  01:49 PM  
  3. Don’t fight the dark side Luke, Give in to your feelings. And for Gods sake get a government job you idiot.
    hmmm

    Posted by Rich K    United States   12/07/2012  at  02:14 PM  
  4. There was a poster on FB that IF calculated as in the 1930s - unemployment today would be 23% - I can vouch for that. 3 capable adults (and one not willing to be capable) - all unemployed. A couple of daughter’s school loans went into collections - nice touch, from a law office. Sent off letters already - no job, no money, no life, = no payments. Threatened (of course court action). Went to the web - yes, he is KNOWN for his sleazy collection practices (have they all gone to the gutter?!?). But I did find out, that IF they go into court and fail - the loans are completely dismissed forever. We shall see. We’ve played this game before - I know what to do and how do it.

    Sad thing is - this time, I no longer feel secure that we can pull out of this, as I’ve always felt before. One is that my hubby at least had a job, so I knew we had money coming in and we were secure. That isn’t the case now. And if I can’t even get an entry level job - not sure how we are going to get out of this. Although we did talk about slamming everything into a storage shed and moving across the river into a mobile home. That could work financially. And maybe over there we could get a job (not quite feasible right now, as we’d pay taxes in both KY & OH - can’t afford that crap).

    And listening to the crap coming out of DC - the crapweasel GOP is just as at fault as the democRATS.

    Posted by wardmama4    United States   12/08/2012  at  09:06 AM  
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