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subrob1967 -> RE: 7.8% and I have a bridge to sell too (10/5/2012 11:16:50 AM)
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Axlerod got himself a pair of Mitt's magic underpants and went to the BLS and ordered them to get the unemployment number below 8% before the election.
Low and behold, somehow the magic in the underpants must have worked because 114K seasonal part time sales jobs was sufficient enough to drop the fake to begin with unemployment figure by five whole points.
And the Obama supporters eat it up, and continue to act like mushrooms.
quote:
Our Summary of U.S. Real Unemployment [attachment 1] makes these three adjustments. It also identifies average weeks unemployed, job openings, and the all-important "Jobs Gap" that needs to be filled in order to be at full employment in real terms. With the three adjustments made, in March:
· The number of real unemployed workers in all four categories - official BLS, part-time-of-necessity, marginally attached, and discouraged - decreased by 193,000 workers to 28.2 million, which remains more than twice BLS's official figure of 13.5 million. Significant changes in real employment included: private service-providing sector employment increasing by 199,000 jobs; manufacturing increasing by only 17,000 jobs; construction employment flat after increasing by 37,000 jobs in February; and government employment, mostly local, again declining, this month by 14,000 jobs.
· The real unemployment rate is 17.7%, compared to last month's real unemployment rate of 17.8% and to BLS's dramatically lower 'official' rate of 8.8%.
· The number of real unemployed workers has increased by 11.5 million since the start of the Recession, and just since December 2008 by 3.7 million. The latter figure and the Jobs Gap figure that follows are of significant political import, since the economy needs to add at least 150,000 new private sector jobs each month simply to keep up with population growth.
· The Jobs Gap, in real terms, is 20.2 million.
A source ALL of you should accept, even the most progressive of you all
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