Unemployment down?!- Sound the trumpets?!

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Not really and definitely not are the answers folks.

The forever unemployed continue to fall off the radar.

Overqualified whites are still trending up in getting what jobs there are.

Seasonal and PT work is a minor uptick. Nothing to hang your hat on.

Real unemployment is well above 10% and that sucks.

No matter the spin put on unemployment the real kick in the ass is the job loss stat. We’ve shed less jobs in the latest roundup but we are still shedding them folks. People cannot gain real employment if the positions cease to exist and no matter how juicy your Keynesian wet dream is the government can’t help us all. In fact if they actually try….God help us all.

http://www.bls.gov/news.release/empsit.nr0.htm

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2 Comments

  1. LOUDelf says:

    “We’ve shed less jobs in the latest roundup but we are still shedding them folks.”

    I’ve made this point myself to many people who are clinging to the “unemployment has gone down” banner. Jobs lost, means there are fewer people working than before. Just because people are no longer claiming unemployment benefits does not mean they now have a job. I’d like to see them talk more about the U6 number, which is more indicative.

  2. This is yet another example of just how stupid the government thinks the people are.

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