Let’s get serious about the jobless rate here for just a minute.
Number of “new jobs created” in September: 114,000
Number of first-time jobless claims in September: 367,000 (Week ending Sept. 28th)
The average weekly first time jobless claims in September averaged over 360,000 which means in September, 1,440,000 people lost their jobs and had to find a new one.
Does it stand to reason to anyone with a functioning brain that the unemployment rate could “drop” three-tenths of a percent with those numbers?
It’s mathematically impossible!
UNLESS YOU STOP COUNTING THOSE WHO’VE FALLEN OFF THE ROLLS, THOSE WHO’VE GIVEN UP LOOKING AND FOUND A WAY TO SHRINK THE LABOR FORCE PARTICIPATION RATE!
A look at the Labor Force Participation Rate tells the TRUE STORY behind the 7.8% number. Our economy is at an ALL TIME LOW in the percentage of working age adults that have full-time employment.
Since January of 2009, the Labor Force Participation Rate which the Bureau of Labor Statistics maintains shows that the rate has steadily declined under Obama!
Under Obama, the Labor Force Participation Rate, which was at record high’s under Bush have fallen to historic lows under Obama!
Who’s to blame for that? Obama and his FAILED ECONOMIC POLICIES, THAT”S WHO!
I think most American’s with a reasonably functioning brain, capable of doing basic math can see how Obama’s been DESTROYING our economy and driving people out of the work force to artificially deflate the unemployment numbers!
Great spin, if one can pull it off – but the DATA shows Obama and his policies to be an abysmal failure.
Now here’s the truth about the stellar “job creation” the Associated Pravda (I meant “Press”) is telling about the economy:
It's now being reported that the economy created 114,000 jobs.
That's 114,000 across all 50 states.
That's 2,280 jobs per state. (114,000 / 50)
That's 570 jobs per week, per state. (2280 / 4 weeks)
What does that mean for the average job seeker? There are only 81 jobs per day, per state are being created under the Obama economy.
Yeah, I guess I don't blame Obama for not wanting to talk about the economy during the debate the other night!
