Friday, August 5, 2011

July Jobs Report not as good as it seems

So the July Jobs Report shows a slight increase in net job creation and a decrease in unemployment. If you google "July Jobs report" you'll see headlines like "Recession Fears Ease After Jobs Report" and "July Jobs Grow Slightly". What those articles don't tell you are the facts shown within the report itself. There were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.

How does that work? The government calls these folks “discouraged workers”, unemployed people who are not looking for work.

These folks are generally not included in the government’s various job measures. This shows how the unemployment figures are largely part of the plan to sugar coat the situation we're in so people will believe a recovery is still in the works. If you were to stick all those people back in the workforce you would wipe out the job creation and the drop in unemployment.

Our current administration, Our President, wouldn't how to create a job to save his life. In his mind creating new government work is creating jobs. The private sector is just another annoyance he must deal with. Those pesky capitalistic entrepreneurs that think they can create jobs if allowed to keep their own money instead of funding the machine known as the Federal Government are only gnats that need to be swiped away.



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