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While the Labor Department reports a surge in private-sector hiring and the nation’s unemployment rate holding steady at 8.3 percent, a closer look at the numbers paints a less flattering picture of the country’s post-recession growth.
Economy adds 227,000 jobs in February, unemployment rate unchanged at 8.3 percent
On the Job Hunt: Job seekers leverage social mediaCounting only those Americans who are actively looking for work, the jobless rate is 8.3 percent, just like it was in January. But counting those who stopped looking for work within the last year, the rate is 9.8 percent.
And counting all of the above, plus those who settled for part-time jobs, the rate is 14.9 percent.”
Read more: here
These little tricks in calculating unemployment numbers has been done in both Democrats and Republicans administrations. But we also know that we have a politically biased ‘news’ media who doesn’t pride themselves in “accuracy in reporting”. When Pres. Bush’s unemployment number were hanging around 5% in 2007, the liberal press was hyperventilating with disbelief over the horrible economy we were having. Of course, that was blatantly, and provably, untrue.
Now that we have a no growth economy and real unemployment number in double digits, we hear birds singing and see bits of sparking, sunny due drops dribbling off journalist lips. All to prop up the worst President in decades – Barack Obama and his miserable, failed policies.
Eli Abir said:
Predictable. Obama’s budget for next year. About %10 higher than this year’s budget. And of course the charisma empty suit wants to tax the rich some more. Sound familiar? No matter how bad things are it is always the same. Take more from the productives and spend more. When the economy is doing well the socialists advocate taxing the rich more because times are good and helping the less fortunate is the right thing to do. When times are bad the socialists advocate taxing the rich because times are bad and how can we not protect the vulnerable. And all alone they destroy the economy and the character of the once they profess to be championing. And of course borrowing sick amounts of money that the next generation will choke on.
chardonney said:
It’s bad enough to have this Marxist and his adoring yes-men in office, but to have a compliant, guilty media covering up his horrendous policies and declaring “as is well”, is like living in the USSR in the ’50’s.
Thanks for the comment.
Sembawang Bolo said:
The last I heard, the unemployment rate is somewhere around 15.1 – 16%. The media has volunteered itself to being O’bama’s “super PAC” . Anything that comes out of them related to the economy/job growth/unemployment might as well be ignored as rubbish propaganda.
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