- BitsBlog - https://bitsblog.com -

There Will be No Escape for Obama From the Real Unemployment Numbers.

The official unemployment numbers, once massaged into something more palatable than the reality of the situation, stands at around 8%… and has for some months, now. David Hogberg, in Investor’s Business Daily: [1]

The unemployment rate rose slightly to 8.2% in May, holding above 8% for the 40th straight month, the Labor Department reported Friday. But actual employment rates of core working age Americans suggests the true jobs situation is even worse.

From mid-1987 until the Great Recession, the employment-to-population ratio of 25-54-year-olds usually ranged from 78.5% to 80%. It never fell below 78.2% even during the 1990-1991 and 2001 slumps.

But now, nearly three years after the recession ended in June 2009, that ratio stands at just 75.7%.

“Right now this is probably a better measure than the unemployment rate,” said James Sherk, senior policy analyst in labor economics at the conservative Heritage Foundation. “There are so many people dropping out of the job market and the unemployment rate, bad as it is, do [2]esn’t pick that up. The ratio gives a better idea of employment opportunities.”

It gives us a clear view also of the failure of the Obama administration to deal with such matters. The policy failures of this administration are the same failures that Jimmy Carter ran into. Socialism, you see, doesn’t work.

Obama’s people can use it’s shady bookkeeping, to keep the unemployment numbers artificially low in reports.They can continue to use the phrase “unexpectedly bad reports” while the economy continues to take a nose dive. After all, they’ve been doing it since assuming office in 2008. The fact is though, that the real people behind those numbers still vote. They know who is responsible for them being jobless. that the economy going in the tank, continually, is not “unexpected” to them. They know who is responsible for the policies caused them to give up looking for a job in a jobless “recovery”.

In my estimation they will vote accordingly come November. As such, Obama in the end will not escape the real numbers. That reckoning is coming.