“Hey-unemployed people are still unemployed but…they’re leaving the house!”
Yes, jobs were added but unemployment stayed the same simply because more people came in off the ledge.
The economy added 227,000 jobs in February, the Labor Department reported Friday, and though the unemployment rate held steady at 8.3 percent, that was largely because nearly half a million people had joined, or resumed, the search for work in hopes their prospects had improved.
That entire paragraph hinges upon the word “hopes”. SO very Barack Obama.
Never has “less hopelessness” been made to sound so appealing. It just takes a quick Winnie the Pooh analogy or two to make everything better.
“We’ve seen a lot less Eeyore,” said Sherry Leginski, operations director at CareerPlace, a job placement center in the Chicago suburb of Barrington. “Maybe they’re turning a little bit more Tigger instead of Eeyore. They’re feeling better.”
Let us not forget that Tigger is a little…off.
As is the wont of the Times, it does manage to bury a little reality in the story to make sure it’s not a complete work of fiction. This time, it’s seven paragraphs in.
The big question was whether such improvement could be sustained, or even accelerate, as is necessary to significantly drive down the unemployment rate. Most projections call for slower economic growth in the first quarter of this year than the last quarter of 2011, and a second report on Friday further reduced expectations. The report, showing a higher-than-expected trade deficit, prompted firms like JPMorgan Chase and Macroeconomic Advisers to lower their growth forecasts for this quarter.
The spinning begins anew immediately, however, with more rah-rah and “maybe”.
The focus, though, remained on more encouraging signs. Public sector job losses, which have been steep, have slowed. Job gains for December and January were stronger than previously reported, the Labor Department said, accounting for 61,000 more jobs than the department estimated last month, and the February report could also have understated the improvement.
Only thing you really need to know?
Unemployment remained THE SAME.
Saw these numbers covered by the CBS morning show. The first two comments were very rah-rah (and one was by Charlie Rose, who I always thought was better than this, but I guess he’s given up now). By the fourth or fifth they started going back and forth on participation rates and long-term discouraged, then finished with some more rah-rah.
It nets out to very poor journalism and even worse arithmetic.
But what is bizarre is the self-congratulatory celebrations for a job report that, at best, is breaking even. Talk about spin.
Speaking of math:
8 million jobs lost
2 million jobs regained over 3 years = 55,555 jobs added/mo (avg)
6 million un- or under-employed
.5 million came in off the ledge
5.5 million still un- or under-employed
Yep. Those numbers just scream “recovery.”
(NB: The numbers are pure recall, so they may be way off. If you have better stats, share them.)
– on the figure by the press-pack makes it appear this election cycle won’t matter yet if we don’t vote this regime out, there won’t be another election cycle.
But.. but… but… It’s a recovery because a DEMOCRAT is president! It IS a recovery! It IS! Read our paper, you’ll see it!
Funny, funny stuff: With unemployment remaining high, the Lying Media simply flood the public with phrases like “The focus, though, remained on more encouraging signs”–knowing that less than half the electorate has enough knowledge to detect the con-job (and that 52% don’t care that they’re *being* conned).
Prediction: After the next large-scale attack on the U.S., the Lying Media will spin the reason as “The reason was that the Republicans kept blocking the preznit’s initiatives to reach out to [Group X] without preconditions.”
Why should the Lying Media want to report objectively, when there’s absolutely no down-side to their constantly shilling for Obama and the Dems?
Recalling Bush’s jobless recovery rant back in the day, and about those huge deficits Bush ran up from “Clinton’s surplus”!
If only we had politicians who would call the media, er propagandists on their hypocrisy…
Obama has been a failure and the left and MSM is giving him a free pass. Can you imagine the screaming and ranting the MSM would be delivering if a Republican administration was in charge now? Where are all the homeless stories??? That being said, Mr. Kruiser had a chance to help an unemployed person personally-even some advice or encouragement would have been appreciated – and he blew them off. He’s a hypocrite to be complaining about unemployment after that. Thanks a ton Kruiser – you’re just another showbiz fraud with a big yap.