Department of Corrections

6/5/2015

Yesterday, in my replying to a comment by someone who had insisted how the economy supposedly crashed during Barack Obama's Administration, rather than during the George W. Bush Administration, when it actually occurred, and how the commenter insisted that economic growth during the Obama years has supposedly been the worst ever in history, I mentioned how unemployment has dropped during Mr. Obama's time in office from 8.1% to 6.4%. I was wrong, and apologize. It had dropped to 5.4%

NOTE; In the jobs report for May, unemployment rose to 5.5%. As the A.P. explained though, "But that occurred for a good reason: Hundreds of thousands more people sought jobs in May, and not all found them."

Indeed, in that regard, it must also be mentioned that new jobs in May skyrocketed up to 280,000.

1 Comment

Paul

7/7/2015 12:32:18 am

I take all numbers from the govt. with a grain of salt. I believe that many construction workers fell through the cracks of the unemployed. Many were subs who never paid into FICA, and while they were never eligible to receive benefits they were unemployed none the less. To me the unemployment number only represents the number that the govt. has a liability for. I believe that the true number might be substantially higher.
Am I interpreting that correctly?
But don't get me wrong, I agree with the premise of your argument

Department of Corrections

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