Friday, December 2, 2011

Down to 8.6%

Every first Friday of the month, the new unemployment numbers are out, and the U-3 rate, those on unemployment, is down to 8.6%. Some in Washington and in the Democrat circles are throwing parties at this, but these numbers are false optimism. First, as I have said in the past, this is a number that should not be celebrating...this is very bad. The labor force continues to shrink, as many more than the amount of jobs created have "left" the job market. Let us also not forget that these new jobs created are temporary holiday retail positions. Having worked in retail sales throughout college, I've seen temporary workers come in November, and go once the New Year comes about. Those numbers will be reflected in February 2012.

This is false hope and Americans should realize the numbers aren't getting any better, instead, the books are being cooked as an electoral strategy in 2012.

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