Tuesday, October 22, 2013

UNEMPLOYMENT NUMBERS, A COMPLETE WORK OF FICTION…


As amazing as this may sound to you, the number of Americans who are 16 years or older and who have now decided that they no longer wish to participate in the nation's labor force climbed to the unbelievable number of 90,609,000 in September. And that my friends, as if you haven’t already figured it out, is what called a record. From July to August the number of Americans not participating in the labor force climbed from 89,957,000 to 90,473,000, pushing past 90,000,000 for the first time, with a one month increase of 516,000. In September, it climbed again to 90,609,000, with an increase of 136,000 during the month.

Now just to kind of put this into perspective for everybody, as well as to make it quite plain what the effect is that Barry has had on all of this, in January 2009, when he first took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has now increased by a staggering 10,102,000 just during Barry's presidency. The labor force participation rate, which is the percentage of the non-institutionalized population 16 years or older who either have a job or actively sought one in the last four weeks, was 63.2 percent in September. That remained unchanged from August.

When Barry "Almighty" took office in January 2009, the labor force participation rate stood at 65.7 percent. The percentage of the civilian non-institutionalized population over 16 that was employed also remained constant from August to September at 58.6 percent. The overall national unemployment rate, which, again, is the percentage of people participating in the labor force who actively sought a job and did not find one in September--was 7.2 percent. That was a slight drop from the 7.3 percent unemployment rate in August. When Barry took office in 2009, the unemployment rate was 7.8 percent.

But still, as had been mentioned before, in order for us to actually believe Barry’s continuing claims that we somehow have an unemployment rate of 7.2 percent, we must ignore completely the fact that we, today, have over 10 Million fewer people in the nation’s workforce. And as I have tried to point out before, if the labor force we have today, in October 2013, consisted of the same number of workers that it did when Barry first took office back in 2009, our unemployment rate would be up around 17 percent. That is what’s real. This 7.2 number is nothing more but pure fiction arrived at by typical Barry trickery, and nothing more.

No comments:

Post a Comment