(CBS News) WASHINGTON - Despite the hopeful news of over 160,000 additional jobs created, it was tempered by the announcement that America's unemployment rose a tenth of a point to 8.3 percent. No president since Franklin Roosevelt has been re-elected with an unemployment rate this high. But President Obama Friday decided to focus on the number of jobs that were created.
I personally actually follow the u6 unemployment numbers which show unemployment as:
March - 14.5%
in addition Labor force participation dropped another 0.1 points to 63.7 percent.
Then I came upon this graph which was presented some time ago.. The WH gave some estimates of unemployment if the stimulus wasn't passed way back when.. well let's take than and look at the estimates and what actually occurred.
bottom line.. the economic recovery is NOT working. Instead I see campaigning, arguments over Romney tax returns, president talking to Olympians etc.. I'm beginning to think the recovery planned has turned into .. "maybe eventually it will fix itself". If we were currently in something like the Great Depression would everyone still be arguing about things like.. banning extra large sodas, buckeyballs and other trial issues?
“The media's the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that's power. Because they control the minds of the masses." -Malcolm X-
Just to pile on, 52,000 or about 1/3 of that came from the birth/death "fix" in the model. That is, an artificial adjustment intended to account for businesses started/closing within a time frame too recent to be counted in the numbers. You can judge for yourself how reasonable of an assumption that is given the current business environment.
Slickdeals is able to share the best deals because of the contributions of users like you! If you found a great deal,
please share it with others by posting in our forums.
Welcome to Slickdeals!
Save money here by finding the lowest and cheapest price, best deals and bargains, and hot coupons. We're all about
community driven bargain hunting with thousands of free discounts, promo codes, reviews and price comparisons.
Don't worry, we'll help you find your way. If you haven't already, check out this
that explains the features of our site.