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The Unemployment Numbers Are Phony~Paul Craig Roberts
Paul Craig Roberts was former Assistant Treasury Secretary under Ronald Reagan, a Wall Street Journal Associate Editor, and holder of numerous academic appointments, including at Georgetown University’s Center for Strategic and International Studies.
Today’s employment report from the Bureau of Labor Statistics shows 114,000 new jobs in September and a drop in the rate of unemployment from 8.1% to 7.8%. … I knew they were shaving the percent rate, Obama would say anything to get elected. I personally think the real unemployment rate is closer to 24 to 26 percent..
FACT – Unemployment numbers always go down in the last quarter of the year, especially in December, due to seasonal employment.
FACT – Every president, not matter who is/was president at the time, takes credit for it.
FACT – As the 99 weekers surpass their unemployment income stay, the unemployment number drops.
What people do not realize is that 114,000 new jobs in a month is a net loss. It takes more than that just to sustain those newly entering the job market.
150k job creation is not even keeping pace with the new worker vs. retiree number which is actually closer to 200k jobs needed each month to just abosrb new workers and the 30 million unemployed will never get their jobs back. this is comlete bull and I have to laugh because even the presidroid says its really just the direction not the overall picture, defeated detached given up it all was obvious looking at him during the debates, exhaustion written all over his face, his arguments tired shallow weak repetetive, talk about no substance, his green energy subsidy could have hired 2 million teachers, Romney hit that homerun down the presidroids throat, and Romney is so puppeted such a stiff marionette its difficult to handlehttp://geraldcelentechannel.blogspot.com/
