Remodeling Maidiac
Diamond Member
- Banned
- #1
Seriously, are we all so stupid as to believe the numbers without checking into the details? The amount of people counted as unemployed fell because they no longer qualify for benefits. Therefore the govt has no way to track them. Their benefits expired, nothing more.
Snip-
The Labor Department reported before the market opened that the unemployment rate fell to 8.6 percent last month, the lowest level in 2 1/2 years. Economists had expected the rate to stay at 9 percent. But a key reason the unemployment rate fell so much was that more than 300,000 people gave up looking for work and were no longer counted as unemployed.
Today's Stock Market News - DailyFinance
Also seasonal temporary employment accounted for more than 50000 of the so called new hires. Those jobs will be gone in a month.
If UE benefits are extended again those not currently counted as unemployed will once again be counted resulting in a sharp increase in the UE numbers.
Obama is playing everyone for fools and many are falling for it. Sad
Snip-
The Labor Department reported before the market opened that the unemployment rate fell to 8.6 percent last month, the lowest level in 2 1/2 years. Economists had expected the rate to stay at 9 percent. But a key reason the unemployment rate fell so much was that more than 300,000 people gave up looking for work and were no longer counted as unemployed.
Today's Stock Market News - DailyFinance
Also seasonal temporary employment accounted for more than 50000 of the so called new hires. Those jobs will be gone in a month.
If UE benefits are extended again those not currently counted as unemployed will once again be counted resulting in a sharp increase in the UE numbers.
Obama is playing everyone for fools and many are falling for it. Sad