Graph Updated November 1, 2012
The unemployment numbers being put out and dutifully reported on by the network 'news' have shown a very slight improvement recently. I would qualify very slight as being 0.2% from 8.5% to 8.3%, but those numbers are not accurate because they don't include the millions of people who have been out of work for extended periods of time.
The important statistic to look at, and the one that is being ignored by the Democrat lapdog media, is the Workforce Participation Rate. This is the percentage of working age people who are currently working. This number has plummeted during the Obama Administration, and continues a steep decline. It is frightening, and that this economy is being characterized as 'improving' by the so-called providers of information is even more-so.
Here is the chart generated on the data at the US Bureau of Labor Statistics. Notice the decline beginning at the start of the Obama Administration. We can see the slight uptick during the 'summer of recovery', and then the continuing decline afterward and up to today.
Updated November 1, 2012
|October 6, 2012|
US Bureau of Labor Statistics - Workforce Participation Rate
The economy and unemployment is improving? NBC, ABC, CBS, CNN, NY Times, Washington Post? Really?
Here is a piece from Investors Business Daily site, Investors.com:
Real Employment Data Are Bleak And Don't Look Good For An Obama Re-Election
Economy: The media machine that desperately wants Barack Obama re-elected has turned its focus on what it says are good unemployment numbers. The truth, though, is the job climate in America is miserable.
While the media and the administration portray the most recent jobs number — 8.3% unemployment — as good economic news, more sober minds understand what's really going on. The facts show a jobs slump that should not get an incumbent president re-elected.
Sure, the jobless rate is falling. But according to the Congressional Budget Office, we are going through the longest stretch of high unemployment since the Depression. The rate has been higher than 8% since February 2009, the month after Obama took office.
And, says the CBO, it is expected to stay above 8% through 2014.