Just discovered... It's is the Economy Stupid. Unemployment likely to rise to 9%

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S. Lindsey
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“The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February,” Gallup said in its mid-month unemployment survey, released on February 17. “The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January.”

http://cnsnews.com/news/article/gallup-finds-unemployment-climbing-nine-...

Honestly is any one surprised? OK, well maybe a few that buy the party line but the rest of us already knew this stuff.

The Mainscream media is trying to make this election cycle about birth control and how too much sex is either good or bad. However despite the
so-called Media focusing on sex and not Religious Freedoms the Economy just will not go away.

Gas Prices are creeping up and are expected to hit $4.00 by spring and could be, by some estimates, $5.00 by fall. Diesel fuel is already
at $4+ per gallon and is expected to hit $5.00 by spring and $6.00 by fall. This will see hard goods, as well as, soft goods to rise in cost.
We already are seeing this price increase in Grocery stores and should see spikes in prices for durables by Summer.

So is the Economy fixed?

Not even close.

S. Lindsey
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Is it all fixed now?

Just wondering, because that is what the mouthpieces for this administration are saying.

http://www.gallup.com/poll/153161/Unemployment-February.aspx

PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December.

Funny how no one in the LSM or the left is using Gallup right now...
Remember we were told Rasmussen leaned to the right and Gallup was "center" and actually reported it right.

Wonder why no one has talked about this yet?

S. Lindsey
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Government keeps adding and subtracting

Adding to the debt and deficit.

Subtracting unemployed from the roles so it looks better then it really is....

http://www.bls.gov/news.release/empsit.t15.htm

U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force

March 2012 9.6%

feoliocifoico
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Unemployment

Dear Sir or Madam;
If the truth were known, Unemployment is nearer to 14 to 15%. That is if you count the people, that are off unemployment, that are so discouraged they just quit looking for work.

S. Lindsey
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feoliocifico-Correct

They just keep lowering the number by removing people from the list.. These are people no longer looking for work.. or found a part time job.

Robert W. Morgan
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Probably even higher than that after graduation

Millions of kids are in the process of graduating high school and college and a pretty high percentage of them have not found jobs. Don't think they have ever been included in the work force, so once they are counted as unemployed that 15% might be low.

Of course a lot of them will be voting in their first Presidential election and might be smart enough to see some hope for a real job with Romney, and none with Mr. Hope and Change.

renault314
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RWM its even worse than that!

when we factor in unemployment by race, minorities have closer to 15% unemployment by themselves. And yet most are so far into their glass of kool-aid they will still vote for Obummer.

And then we should talk about UNDERemployment, then numbers really get out of control. Who in the world wants four more years of this?

S. Lindsey
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7.8% it's all fixed now...

Well ok maybe not. If we take a look at the numbers something just doesn't add up...

First.. only 113k jobs were created in August.. far below what was expected.
Second..according to the DOL numbers 873k found employment.
Third.. also according to that report 582k took part time employment.

The numbers for September were adjusted upward 91k but that was PUBLIC sector not private... Private sector actually lost 5k jobs.

The U6 numbers which is a more accurate view of unemployment shows an uptick to 14.89% yet the report shows a .05% drop?

The 873,000 number is the highest in 29 years the last time it happened GDP was 9.3% . Today GDP is 1.3% In order for the Economy to create 873,000 employment opportunities the economy would have had to show a major increase in Durable good orders, Manufacturing or service sector increases.. Only the service sector saw an increase both the others dropped.

One other important factor if that many people found employment Federal and States payroll tax revenue would have increased by the same factor or at least close to it.. They saw no such increase.

Gallup unemployment adjusted rate actually trended upward not down. It ALWAYS follows the DOL stats if Gallup goes down or up the DOL numbers goes down or up.

The last factor is the Labor Force participation numbers they did not trend up in fact they stayed static. You cannot have a 873,000 uptick in employment and the participation rate not go up.

If the number was used at the same rate it was when this administration took office the unemployment rate would be 11%....but so many people have left the work force and are no longer counted that the true rate remains hidden.

So is the Economy fixed... depends on who or what you believe. Numbers don't lie people do about the numbers.

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