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Check out this:
For the doubters: keep in mind that the lower two lines are directly from, official BLS numbers.
But other numbers show a much weaker job market and economy; the average unemployment duration remains near its all-time high, hiring is stuck near record lows, and there are almost 3 million workers in part-time rather than full-time jobs. Further, GDP grew just 1.7% last year and few new companies are being started.
So which scenario is right?
First, let us set one thing straight. The apparent contradiction between a falling unemployment rate and other indicators isn’t because the Obama administration “manipulates numbers to get [the] unemployment headline under 9%” as Rush Limbaugh claims. The current "recovery" is so unusual that the normal rules for relating the unemployment rate to other labor market indicators don’t hold; indeed those rules can be quite misleading.
Read more: http://www.foxnews.com/opinio...
The Obamanistas are crooks.
Their numbers for EVERYTHING are fraudulent.
"The unemployment rate has fallen a full percentage point since August to a three-year low. But last month's decline was not due to job growth. The government only counts people as unemployed if they are actively looking for work.
"In April, the percentage of adults working or looking for work fell to the lowest level in more than 30 years."
So if you add back all the people who have stopped looking for work you get a "real" unemployment rate of almost 15 percent.
Read more: http://www.nypost.com/p/blogs...