Excerpts from the Washington Times
Obama and company cooking the books, oh say it ain't so.By THE WASHINGTON TIMES
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The Washington Times
Monday, January 9, 2012
The White House has trumpeted recent rosy employment figures. The December unemployment numbers showed a drop to 8.5 percent, down 0.2 percent from the previous month and over half a percentage point from August.
According to the Bureau of Labor Statistics, in the last 12 months, a net of 1.5 million more Americans found work. This sounds like good news, but the civilian non-institutional worker population increased by 1.7 million over the same period
Only those working or actively seeking employment “count” in the unemployment statistics. The discouraged, the dropouts and those who don’t even bother trying to find work aren’t included in the official unemployment rate. While the potential worker population rose last year by 1.7 million, the official workforce only went up 275,000. Counting like that makes it easier to report better employment numbers.
It’s twisted that President Obama benefits from a flawed formula that generates a positive outcome when frustrated potential workers simply give up. This is what passes for progress in the jobless economy. The Washington Times
http://www.washingtontimes.com/news/...loyment-books/
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