The news reports that the unemployment rate has dropped to 9.4%, the MSM says it shows the recovery has begun. It is time to celebrate!
But the facts say otherwise. The only reason it went down is that a half a million people gave up looking for jobs. Otherwise the rate would have went up closer to 9.9%.
Just a year ago the unemployment rate was under 7% and the media berated Bush when 77,000 jobs were lost in a month. Now the Prez is praised when more than 3 times as many are lost in a month. How many millions of jobs have been lost this year?
But the media wants you to think its all better now.
Uncommon Smackdown in the Commons
1 hour ago