Friday, March 4, 2011

Unemployment number games

Drilling moratoriums, oil and gas prices rising, and no ‘alternatives’ developed to replace our plentiful, yet restricted, resources. There’s no other way to look at this action than to admit it’s purposeful! With all our current restrictions on energy production, as Heritage reports, we’re unwisely heading towards “lower GDP growth for the nation, higher gas prices for all Americans, lower tax revenues for the federal government, and most importantly, fewer jobs for Americans…” Obama has done little of nothing to promote job growth…well, that is, except when it comes to growing the federal bureaucracy. Then in that respect, he’s king! (no, not literally…no matter his desires)

So with the lack of a real recovery, how is it that the Labor Department has released a monthly jobs report showing unemployment fall to 8.9%, when the latest Gallup poll shows unemployment RISING to 10.3%? One writer at Business Insider, while not claiming to know the answers for the divergence, notes his bewilderment towards these drastic differences…enough so to search back a bit and produce two graphs comparing the divergent trends:

Could the government be manipulating these numbers, while the media is all too obliged to hype them? Well, we know in this high stakes game of politics, particularly these days, anything is possible. WorldNetDaily suggests the real unemployment rate, after factoring in the underemployed, may be as high as 22.1%! And besides Gallup's disagreement with the BLS, the government’s own report under “Table A-15” finds that the “not seasonally adjusted” unemployment number for February was…you got it, HIGHER than the 8.9% that’s being reported:

“So, where the seasonally adjusted U3 unemployment rate dropped from 9.4 percent in December 2010 to 8.9 in February 2011, the non-adjusted U3 unemployment rate is moving in the opposite direction, from 9.1 percent in December 2010 to 9.5 percent in February 2011.”

As if it’s not disheartening enough that Obama’s policies are wreaking havoc on our economy, this administration and its media conspire to keep us under the illusion that employment and job growth are 'recovering' in the private sector. We don’t appreciate the games.

1 comment:

  1. It is as I said watch the 4 external horns: economics, politics, education, and sorry but it does play a roll in deception..religion..for many teach not truth..With in those 4 you will see consumption and deception which leads you to bondage..