@Cycloptichorn,
Cyclops, as I have pointed out repeatedly is ignorant of basic economics.
l. There is NO change in the Unemployment Rate. It is still at a horrendous 9.7%
2. Forty Thousand Jobs have been added with the addition of Census workers, a one time in ten year thing. These jobs are TEMPORARY!!!
3. Obama himself said that the stimulus package( which, of course, taxpayers will have to pay for with their hard earned money) would lower the Unemployment Rate to 8%. Obama said this last year. We are still waiting!
4. Unemployment is NOT at 9.7%. It is closer to 16%. Of course, since Cyclops is almost completely ignorant about the true Unemployment figure, he does not know that 9.7 excludes many people.
note:
Hidden unemployment
Hidden, or covered, unemployment is the unemployment of potential workers that is not reflected in official unemployment statistics, due to the way the statistics are collected. In many countries only those who have no work but are actively looking for work (and/or qualifying for social security benefits) are counted as unemployed. Those who have given up looking for work (and sometimes those who are on Government "retraining" programmes) are not officially counted among the unemployed, even though they are not employed. The same applies to those who have taken early retirement to avoid being laid off, but would prefer to be working. The statistic also does not count the "underemployed" - those with part time or seasonal jobs who would rather have full time jobs. Because of hidden unemployment, official statistics often underestimate unemployment rates.
********************************************************************
If cyclops( I really don't know how good his eyesight is, I hope he can read and understand the paragraph above) reads the above he will discover
a. In many countries only those who have no work but are actively looking for work (and/or qualifying for social security benefits) are counted as unemployed.
b. Thousands of workers who have run out their Unemployment benefits or who are discouraged about ever finding work are NOT counted in the 9.7 figure.
c. Those who have taken early retirement to avoid being laid off but would prefer to be still working are NOT counted in the 9.7 figure.
d. Those who have part time or seasonal jobs who would like to be working full time are NOT counted in the 9.7 figure.
***********************************************************************
Because Cyclops is an economic illiterate, he does not even know that the U-6 category from the BLS exists. It does. Cyclops will find out that all of the sixteen percent who are unemployed, underemployed or only working part time will vote to oust the Democrats in November. Those people, their extended families, the millions who work for corporations who are being penalized with a loss of benefits because of Obamacare, and the millions who now know that Obama is arrogant and scornful of any view but his own.