Friday, October 05, 2012

Unemployment down in the US?



Anonymous said...

Obama touting the unemployment rate?Gimme a break.

The only reason its dropped is because most students have gone back to school.So as a result business needs to fill those roles held by students.

Not only that ,seasonal workers will be offline soon and collecting for the winter months.Watch for it to go up in November.


Thucydides said...

Expect major manipulation of the numbers between now and election day.

Even before this, the real unemployment rate was 11.2% (the U3 number) but people who had been discouraged and stopped looking for work were conveniently excluded. I'm sure a "revision" of the numbers will be out, but buried somewhere in the back pages and never mentioned by pundits looking to butress their "narrative".

Can't let facts get in the way. We have always been at war with EaastAsia...

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