The real number using the calculations used against bush to drive unemployment calculations to the 8% range would put us now around 17 to 18% unemployed. As the media tries to spin more unemployed this month than the previous month as the total unemployment rate percentage going down. This is insane but it works for all those retards out there who either only read the headline or brush through the article to stupid to see the fallacy in the numbers. Remember suddenly it was discovered that there were an additional over 3/4 million more jobs lost then previously understood last summer? Well that is part of the illusion to make this look like the trend is going in a positive direction. Meanwhile before its all over the Census will hare somewhere around 2 million people I believe the count is to count the census. A daunting task to find as many dishonest communist radicals hell bent on creating extra congressional districts for the Democrats out of thin air. This 2 Mil workers who will be temporary and back on unemployment will be counted and there will be more glorious headline of happy employed days are hear again meant to provoke the stupid amongst us to dance in the streets.
I know the link will be dead soon so here is a picture in time The irony is in the headline for amongst us astute enough to see it.
Its the difference from talking up the economy and talking down the economy Bank of America: Unemployment Rate Drop Is Fluke Friday, 05 Feb 2010 03:12 PM Article Font Size By: Dan Weil The drop in the unemployment rate to 9.7 percent in January from 10 percent in December isn’t as good as it looks, says Bank of America’s chief economist Ethan Harris. “It’s a somewhat disappointing report,†he says. Indeed, payrolls dipped 20,000 last month. “The fact that we’re still losing jobs; if you look at the job gains, they’re these temporary census workers and temporary health workers creating the job growth,†he told Bloomberg. “If you look at full-time, real jobs, they’re still dropping at an 80,000 or so (monthly) pace. The drop of the unemployment rate is a bit of a fluke.†So a sustained improvement in the jobs picture hasn’t yet begun, Harris says. But he does see a silver lining. “When we look back at those job losses during the recession, which were absolutely off the charts, we need to remember … that companies overreacted to the recession,†Harris said. “We had too many jobs cuts relative to the weakness in the economy. That gives hope that some of those people will be rehired in the year ahead.†Not everyone sees the January report as a fluke. "The wheels of the economy are turning,†Chris Rupkey, senior financial economist at Bank of Tokyo/Mitsubishi UFJ, told Reuters. “The improvement in the employment data does match the increase in GDP the last two quarters, so it's not a fluke. The economic recovery looks much more sustainable today."
