Bloomberg News (c/o Hot Air) reports that 193,000 more people have stopped looking for work in the Obama economy, taking 156,000 off the ‘Unemployed’ rolls. This has effectively diminished the news that payrolls added 117,000, an anemic, lateral shift in an employment picture that sees more people giving up than finding work.
But people bailing has it’s statistical advantages. With fewer unemployed on the books the rate of employment looks better, if you can call 9.1% better. Another problem? Debt management. With such a large percentage of the available work force idle, that’s a natural resource wasted.
Meanwhile, Jay Carney, White House Press Secretary, reminded us that the White House does not create jobs. It creates the conditions for job creation.
Yes it does…in China, India, Mexico, Brazil, just about everywhere but America.
But is that the real plan? After all, remember what joblessness means for the economy…(on the jump)
These are democrats. Of course they can. So should we wait for the "Big Pharma, and Big Health care" bought the congressional Budget Office narratives?
After four years of defending the democrat budgeting strategy of spend first tax later (during what any democrat worth his donkeys-ass referred to endlessly as the ‘worst recession in history’), NHDP executive director and NH House rep from Manchester Mike Brunelle shows us his new conservative streak.
The December New Hampshire labor report, period ending October 2010, is not all that remarkable. Coos County is still suffering while overall the state is hanging in at 5.4%. This number is still reflective of issues with the size of the labor force versus mid 2009 numbers. We have to watch that as we head through the November and December reports into January, where holiday hiring will add to the labor force, and then most likley drop off.
Jobs numbers are tricky things. Politicians will always tell you what you want to hear and leave out what they don’t want you to hear. So it is no surprise that we are getting the same old song and dance, that "the economy created private sector jobs again." That’s a nice thing to hear, but is it an improvement or are we still arranging deck chairs on the Titanic?
Shea-Porter is clinging to the idea that the health care bill she deemed passed will create jobs. But like most progressive undertakings it will destroy two to three times as many jobs as are forced into existence by the distant, egg head, committee appointees in DC. Net loss, ship sinks, economy drowns.
If New Hampshire only had one person in their workforce, and they had a job, unemployment would be at 0%. Keep that in mind as John Lynch and the democrats short-stroke the September adjusted jobs number around as a sign that they are good for the economy. They are not.
Democrats continue to insist that they created jobs. To do this they extracted trillions from our economic future in an effort to create jobs that did not yet exist–that perhaps were not needed yet. Looking at similar exercises, cash for clunkers–which moved car sales forward a few months but has since resulted in a collapse in the market; the home mortgage bail outs, supports, credits, and the "home affordable" programs which improved home sales briefly but which have since collapsed (also to historic lows); and then there’s the stimulus, several public sector employee bailouts, bank lending infusions, small business bills, and everything in between including health care reform–many trillions spent, all made with claims that they would create, save, or incentivize job creation.