May 7, 2010 by Post Team
Unemployment Rate:Want to know how bad the job market is really in America? In April, U.S. adding 290 000 new jobs and the unemployment rate even if up to 9.9% from 9.7% the previous month. Congratulations to the new recruits, however, this market without jobs is like an iceberg floating in the sea Obama.
U.S. employers added 290,000 jobs in April, blowing pastanlysts’ expectations and give a potential indication that the labor market is strengthening.
That figure was boosted by the temporary recruitment for the 2010 Census, but there were jobs added in the private sector, according to the Labor Department released Friday.
Analysts had expected the report to show that the country added 162,000 jobs.
Just curious, whatanlysts never predict anything right? That said, unemployment is now nearly 10%, again as head of the midterm elections. There are many people out of work who had given up trying to find jobs that not even take into account in the calculation of unemployment. This is known as the “real unemployment” of discouraged workers.
Talk about a double-edged sword for Obama and the Democrats … if people feel that the labor market will start hiring again and return to active job search, the millions of discouraged workers are added to the unemployment fund with not enough jobs to be added to a escalating unemployment rate well into double digits.
That is how bad is the unemployment rate in the United States today. Sometimes people have to look at the numbers, not only in them.
So how many new jobs created are temporary or Census jobs created by the Obama, that will soon disappear? While the creation of 290,000 jobs is indeed a good thing, especially for those who are new hires, it is also important to know the real truth regarding the labor market. House, John Boehner, Minority Leader (R, OH) suggests that unemployment figures are filled by temporary Census workers. He is partially correct.
Boehner, in a “pre-buttal” to the unemployment numbers for the month of April will be released tomorrow, said that the expected benefits in using the report could be transmitted is blurred by no less than 600 000 temporary jobs created by the Census.
“We are waiting to see some benefits, which is always a positive sign, but which will likely include thousands of temporary workers funded by the taxpayers of the Census,” Boehner said Thursday morning at his weekly news conference. “Make no mistake: a rate of about 10 percent unemployment is completely unacceptable.”
Welcome to the twisted logic of unemployment and new math when you can add 290K jobs and unemployment increased by 0.2% to 9.9%. Imagine if the unemployment numbers released by the U.S. Government were the actual number of real people unemployed.
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