The unemployment statistic is the number of people seeking jobs divided by the total number of people currently working. If a million people give up and stop looking for work then the unemployment statistic improves. This is what happened in one month—over a million job seekers dropping out. No new jobs have been created, and more people are without work, but the Obama administration takes this statistic and paints a rosy picture of recovery. In reality, the opposite is quite true: we have less jobs in the United States, people make less than they used to, and costs for everything from gas and food to the price of used car has steadily climbed. No wonder the CBO is expecting next year to be another recession year. Time to let someone else lead this country.
The unemployment statistic is the number of people seeking jobs divided by the total number of people currently working. If a million people give up and stop looking for work then the unemployment statistic improves. This is what happened in one month—over a million job seekers dropping out. No new jobs have been created, and more people are without work, but the Obama administration takes this statistic and paints a rosy picture of recovery. In reality, the opposite is quite true: we have less jobs in the United States, people make less than they used to, and costs for everything from gas and food to the price of used car has steadily climbed. No wonder the CBO is expecting next year to be another recession year. Time to let someone else lead this country.