Good graphic representations can clarify those things which plain words can often not make clear. This one is pretty self-explanatory. Obama keeps claiming that he has created 4.1 million jobs, but that works only if you don’t subtract the jobs lost. There are, I believe, 125,000 new workers (young people, immigrants,) added to the work force each month, so you have to subtract those too. Which makes yesterday’s reported 163,000 jobs look even worse. Real unemployment is up around 15%. The 8.3— U3 rate only includes those actively looking for work, not those whose unemployment has run out. ---is the same being done with all the other president (or just Obama) (are they deducting jobs lost, and new workers, and those whose unemployment has run out.'?
Good graphic representations can clarify those things which plain words can often not make clear. This one is pretty self-explanatory. Obama keeps claiming that he has created 4.1 million jobs, but that works only if you don’t subtract the jobs lost. There are, I believe, 125,000 new workers (young people, immigrants,) added to the work force each month, so you have to subtract those too. Which makes yesterday’s reported 163,000 jobs look even worse. Real unemployment is up around 15%. The 8.3— U3 rate only includes those actively looking for work, not those whose unemployment has run out.
ReplyDelete---is the same being done with all the other president (or just Obama) (are they deducting jobs lost, and new workers, and those whose unemployment has run out.'?
Well said.
ReplyDelete