"AP - The nation's economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month."
[Editor] I hope I am not alone in noticing what appears to be administration double-speak here. If there are significant job gains, as touted here, then should not the unemployment rate show that?
"The Labor Department said employers added 162,000 jobs in March, the most since the recession began but below analysts' expectations of 190,000. The total includes 48,000 temporary workers hired for the U.S. Census.'
[Editor] I see - a full 25% of those "gains" are bogus - not only are they government jobs, which do not count because they put no new money into the economy, but they are VERY temporary.
"More Americans entered the work force last month, which prevented the increase in jobs from reducing the unemployment rate."
[Editor] This sounds plausible and makes this liberal-slanted story appear legitimate until you actually stop and think:
There is not a month goes by that more Americans do not enter the workforce - every month, kids turn of working age.Using that as an excuse this month and not taking it into account in previous months is disingenuous, to say the least. In ANY month where the unemployment rate remains unchanged, that shows that jobs were gained and lost at the same rate because more workers entered the job market. It is simple math. If someone gets a job but the jobless rate is unchanged, then someone else must have either lost a job or a new worker did not find one. If you have ten people and only five are working, the unemployment rate is 50%. If you add two people who turn of age, and one of those finds a job, you STILL have an unemployment rate of 50%. Are more people working"? Yes - six are working. But more people are also unemployed, because in order for the rate not to change, six, instead of five are now unemployed.
In short, this AP article is the typical liberal spin that AP churns out. The facts are far different from the story they paint - because the rate is unchanged, yet people were added to the job market, that can only mean that more people (numbers, not percentage) are unemployed than before.
When you add people to the job market, yet the unemployment rate remains the same, that means at least half the new job seekers are now joining the ranks of the unemployed. So, while the "rate" is unchanged, the number of unemployed is up, not down as this story intentionally tries to falsely imply.
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Friday, April 2, 2010
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