Unemployment rate actually 11.04 percent.
According to former U.S. Labor Secretary Robert Reich, employment needs to grow by at least 90,000 a month just to keep up with the growth of the population. But, since the fall of 2008, the civilian labor force has actually shrunk from 154.7 million to 153.8 million, a contraction of about 900,000.
It’s not that fertility suddenly dropped or there was a massive plague. It should have grown by 3.24 million since then, but it didn’t. Which means working age adults are simply not being counted by the Bureau of Labor Statistics (BLS.
They are fudging the numbers.
Adding the 900,000 contraction to the expected growth, the total civilian labor force should be 4.14 million larger than is being counted, at about 157.94 million by now. And the unemployed should be about that much more larger, since if they could be counted as working, BLS would most certainly be counting them.
All of which puts the happy talk of the Administration into perspective. When the jobs numbers were released, Barack Obama lauded the result, saying, “We need to keep that growth going.”
What growth? Propaganda is not going to get those 28 million people into honest, paying jobs. It’s not going to help folks who are on the edge of foreclosure keep their homes. It’s not going to help new college graduates from getting started off in the workforce on the right foot.
The economy needs to be expanding in order to create jobs just at the natural rate of population growth. We’re nowhere near there right now, and we need to be.
All of which makes Obama’s job-killing policies all the more inexplicable, whether the regulatory burdens that will be imposed the Environmental Protection Agency’s (EPA) carbon endangerment finding or through Obamacare, or his insistence on raising taxes on job creators. He constantly slings mud in a class warfare gambit that is suited for perhaps the campaign trail, but is hardly the leadership the nation needs right now and won’t create jobs.
In short, it must become competitive to do business here in America again. And that will probably not happen so long as Obama is in office. It is clear the nation needs new leadership ... .Full story and links to UNSKEWED facts and figures are here.