Off-Topic: Bad news just keeps coming
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Name:
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Council Rock Doc
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Subject:
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Bad news just keeps coming
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Date:
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6/6/2014 10:24:54 AM
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http://www.advisorperspectives.com/dshort/charts/indicators/unemployment-labor-force-participation-rate.gif
Archie,
Look at this graph when you have the chance. By now you must know that the unemployment "rate" is simply a fudge factor that nobody with a any economic sense and intellectual acumen takes seriously. Manufacturing jobs only added what is called crisis level 10k jobs with non-durable manufacturing LOSING 7k jobs. This is where the middle class jobs are. They are vanishing before our eyes and I challenge you to show me any statistics that prove otherwise. Bottom line is part-time America employed in slightly greater than minimum wage jobs must equal economic vitality in your eyes and those of your fellow libs. 20% of American households are jobless, meaning that neither parent or child is working. How can you possibly look at this economy with rose colored glasses when the important figure to look at is the labor force participation rate for 16 and over which you see above. You can't fudge that statistic like you can the unemployment rate. But we in reality know that the unemployment rate is much closer to 20%.
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