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315K Give Up Job Search

02 Dec

That’s the real headline from today’s unemployment report, but Mainstream Media is glorifying the news that the 315K that have given up looking for work causes the unemployment rate to go from 8.9% to 8.6%.

On the good news side, there were a net 120K jobs created in November, but it’s Christmastime.  Additionally, August and September job numbers were revised upwards.

But this news fizzles when the monthly job creation needed to keep up with population growth are 125K per month.

h/t worch.com

Let’s take a look at employment numbers comparing Bush’s two terms, 9/11, the advent of the Democrat Congress, and Obama’s first term.

A liberal would explain that the high employment rate of Bush years was a result of the policies of Bill Clinton, and the low employment rate of the Obama years is a result of the Bush policies.

I have always posed that the economy tanked largely when it became apparent that the Democrats had taken over Congress and were going to get the Presidency as well.  Business planners knew the high tax, high spending, regulation fiasco was on the horizon.

When it becomes apparent that Republicans Conservatives will re-take the Senate and the Presidency, watch for the economy to start soaring again.

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1 Comment

Posted by on December 2, 2011 in Economy, Unemployment, White House

 

Tags: , , ,

One response to “315K Give Up Job Search

  1. top banget

    December 26, 2011 at 10:11 pm

    Hello, just wanted to say, I loved this post. It was inspiring. Keep on posting!

     

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