Saturday, August 8, 2009

New Job numbers.... a recovery?

Yesterday (Friday 8/8/09) the new jobless number came out. A mere 247,000 Americans lose their jobs during the month of June 2009.

This resulted in the Unemployment rate going down from 9.5% to 9.4%.

Got that?!?
One quarter of a Million Americans lost their jobs and the unemployment rate decreases....

How the hell does someone figure that?

I can't imaging a clearer case and point of the entire measurement system being screwed than that.

The real rate, the rate that includes discouraged and long time unemployed is actually 16.4%.

Actually, according to some, if you include all the "off the books" unemployed, we're actually at 18.7% unemployment.

I've read the the average work week is down to something like 33 hours.
Employers will take existing workers to a full 40, then some overtime, before they feel comfortable with more hiring. That's just a fact.

I don't know about you. I'm tired of politicians. Right, Left, doesn't really seem to matter. They all muddy the watter for their personal gain. We pay the bill, we need to demand better.

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