We often reviewed the unemployment rate during the Obama Administration. At that time we found fault with the cheerful headlines in major media, based on a review of additional underlying data. Using those same criteria we look at the current unemployment rate, and try to determine if the health of the nation matches the headline celebrations.
Bureau of Labor and Statistics
Season 2 starts 2018 with the topic everyone has been discussing, Oprah for President. But is the hype justified? How much more will politics and entertainment mix? Plus, since we are talking about the 1%,…
There is no intrinsic benefit because you check the box. What is intrinsically true is that because you are being categorized you are being minimalized. You’re being diminished, because you are no more important than the box that you fill. That’s an important thing to keep in mind.
Cherry-picked data, obscuring facts, and a microscopic view of the nation may help to preserve votes in an election year, yet the average American will not find it easier to pay a single bill. That’s the honest snapshot.
While there number of unemployed has been reduced by 4.3 million since 2012, there are 4.6 million more Americans unemployed since 2008. The nation is starting to get on its economic feet. But the bows being taken by many politicians are misguided, as it is the lack of their short-term headline grabbing promises and actions that has been the real benefit to the nation.
We believe that ultimately a continuation of this trend will lead to significantly higher inflation, accelerating the growth of the national debt beyond current predictions, further fueled by the fact fewer Americans are actively able to pay into the system to offset Government spending.
How could the economy fall off a cliff so steeply in the 1st Quarter of 2014? A steep decline in health care spending, lower participation rate and decreased self-employment equate to a long-term increase in taxes and massively more debt spending. Ultimately the middle class will be the most hurt by this outcome.
Our prediction for the 2012 Presidential election.
So does this mean that if you used up your 99 weeks of unemployment you will be able to get a job this month? No more likely than last month. If you are a college student that graduated, will you get a job now? See the first answer. If you are Black (13.4%) or Hispanic (9.9%) be happy you are not a teenager (23% unemployment rate according to BLS). Considering how murky all the other unemployment figures are, its doubtful that reality lies in these numbers either.
In an election year there is nothing more important to incumbent politicians than an unemployment rate that is dropping. For challengers a rising unemployment rate is a key to victory. This is an unspoken but…