It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Just before Election Day, the Washington Post is super excited about Friday's unemployment numbers showing "job growth" for October, despite unemployment increasing from 7.8% in September to 7.9%. The paper describes this change as the unemployment rate staying "flat."
I bet most "new" job seekers are a combination of "assistance" running out along with dwindling savings accounts because of the time unemployed or under-employed (as in part time and low wage). I think people are looking for a 2nd or 3rd part time job !!
Absurdly, the Post tried hard to spin the actual increase in unemployment as a good thing.
The unemployment rate in October did rise to 7.9 percent, up from 7.8 percent, but the reason behind the uptick suggested an improved job market: More Americans decided to look for work, though not all of them found jobs.
Well, if the unemployment figures remained "essentially unchanged" and the rate increased because more people are now putting themselves back in the job market, then new jobs didn't keep pace with the number of job seekers.
The Post also didn't mention why more people might have entered the job force. Why, for instance, didn't the paper report that seasonal employment is just getting in swing as retail outlets hire temporary workers for the Christmas season?
Obama's recovery has grown at the slowest rate in 70 years and nearly 5 million fewer Americans are working or looking for work than when Obama took office. This dropout rate accounts for almost all of the supposed reduction of unemployment since 2009, for those who have given up looking for work do not figure into the unemployment rates.
Originally posted by xuenchen
I bet most "new" job seekers are a combination of "assistance" running out along with dwindling savings accounts because of the time unemployed or under-employed (as in part time and low wage). I think people are looking for a 2nd or 3rd part time job !!