by Sara Noble
“I think it was Churchill [whose bust was returned to the British by Obama] who said that the Americans always end up doing the right thing after they’ve tried every other alternative, And that’s true. We muddle our way through because of messy democracy [there he goes again] and it’s in our nature to be contentious and have these big arguments, but ultimately we choose the right path. And that’s what the world is counting on right now as well. … we’re going to get there, but I’m going to need all of your help to get there as well.”
~ Barack Obama at a recent fundraiser
Update: 4/6: The Department of Labor Statistics claims that the unemployment has gone down to 8.2%. Only 120,000 jobs were created, which is under the 200,000 needed to make a dent in unemployment. The number of unemployed has gone down despite the poor job growth, giving us the reduced unemployment percentage.
It’s mind boggling how, when we created 227,000 jobs last month,the unemployment rate stayed the same but this month we created only 120,000 jobs and the unemployment numbers dropped.
We have a certain number of people in the work force or who want to be and a certain number of jobs created. The numbers should not be this illogical. These numbers are seasonally adjusted unlike Gallup and Gallup uses a smaller sampling group. Still….Why did the unemployment drop when seasonal adjustments and other factors differentiating Gallup from BLS do not account for the difference (and they don’t)?
The reason is that the number of people not in the labor force is at an all time high of 87,897,000. [BLS Work Force Participation Data]
US Department of Labor Statistics
Table A-15. Alternative measures of labor underutilization
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