If we accept the results of the labor department as true, their own numbers show that someone is fibbing. According to their figures: Employers cut 125,000 jobs last month; and businesses added a net total of 83,000 workers, but the unemployment rate dropped to 9.5%-- from 9.7% that’s an old Barnum and bailey trick!
And this was what President Obama also reported, perhaps that’s the problem with this administration, they don’t think for themselves, they leave the thinking to the banks, the insurance companies and to the military industrial complex, and guess who is expected to pay for their folly and blunders, us!
I’m sorry but if more people lost a job than were hired the unemployment rate would go up not down. What this says is we are being fed false numbers by the government, believing we don’t have the intelligence to catch their fibs. They skew the numbers by removing from the unemployment rolls anyone who is no longer collecting benefits, so we may really never know how badly our economy has been decimated by both Wall Street and Pennsylvania Avenue .
The drop in the unemployment rate was because more than 650,000 people last month gave up looking for jobs and according to the Labor Department they left the labor force. People who are no longer looking for work aren't counted as unemployed!!!!!!!
Even though they are unemployed, so what are the real numbers Mr. Obama! Have we reached 40% unemployed, looking around America , it sure feels as if we have!!!!!
Perhaps in the next 12 months as the 17 million the government acknowledges are unemployed give up looking for a job that doesn’t exist, we will be told we are at full employment of down to only 1% unemployment, its time we demanded to know the true numbers and some accountability
Saturday, July 3, 2010
Going by the numbers it’s apparent; somebody is fibbing
Labels:
economy,
False statistics,
Jack Ferm,
Labor Department,
Obama,
Unemployment