Monday, February 7, 2011

The Big Lie

I've been unemployed over a month now, my seasonal job at K-Mart interrupted a four month stretch since I returned from Israel in June. Many people I know are out of work as well and most of the ones that have a job are working well below their experience level. Though if you've been watching the jobs news lately things really seem to be turning up, or are they? 

The drop in unemployment the Obama admin reported for January is a big lie. The numbers have been fudged to make thing rosier than they are. The true, un-fudged data showed an increase from 9.1% to 9.8% in joblessness rather than a cut in the highly fudged figure from 9.4% to 9.0%. And, of course, Obama “achieved” the drop in the unemployment rate not by reducing the  number of jobless but by cutting the the total workforce. Half a million Americans have given up on ever getting a job and left the workforce, bringing the jobless rate down. 

The US workforce is roughly 138.4 million and the official number of unemployed is 13.8 million. Easy math there shows a very clear 10%. The administration numbers don't even match up to the official record. But the cold hard truth is the actual number of unemployed is 24.6 million, which puts our actual unemployment rate at just under 20%. And don't forget 44.1 million people in the US are on food stamps. I think it's time the Obama admin starts leveling with us, though then they would have to admit that their so called "Stimulus" was a complete and utter failure. 

The continuing job killing policies of the Obama admin will keep us out of work for at least 2 more years till we know if Obama will win a second term. But even if Republicans do take the White House (and those chances look slim at best) it will take at least a year before noticeable recovery really gets rolling. That puts the best hope for recovery at 3 years, which means the belt tightening will continue and with food prices skyrocketing you're probably going to have to make some new  notches in your belt.

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