The Unemployment Rate for the month of November dropped from 10.2% all the way down to 10.0%. A whole 0.2%.
Wow… Wee! Isn’t that exciting!
President Obama said: “This is good news, just in time for the Season of Hope.”
I thought it was supposed to be the Audacity of Hope?
President Obama went on to say: “This is the best jobs report since 2007.”
I thought the unemployment rate was under 5% for all of 2007?
Apparently the president feels that since we lost 11000 less jobs in November, it is a time to rejoice.
The job losses for the prior 3 months averaged 135,000, so in November we only lost 124,000 jobs. Still sounds like a lot to me!
However, the loss of jobs did decline for the month of November.
Now I’m starting to get excited!!
Now, no new jobs have been created, mind you, just fewer jobs were lost.
Back in July of 2009, when the unemployment rate dropped from 9.5% to 9.4%, the President’s Press Secretary Robert Gibbs said:
“It’s a sign that the economy has pulled back from the brink and the pace of job loss is declining!”
But now the unemployment rate is 10.0%? Isn’t 10.0% greater than 9.4%? So unless it’s the new math, that doesn’t sound like an improvement to me!
In reality, this was the best jobs report since October 2009, not December 2007!
I would like to know what happened to all those jobs President Obama claims that the “Stimulus I” package has created or saved?
Some Obama followers believe that he did create 30 jobs in Arizona’s 15th Congressional District, and who knows how many jobs he may have saved?
Now I’m really getting excited!!!
Of course even this is hard to believe since Arizona only has 8 Congressional Districts. I believe even with the new math, 8 is still less than 15!
According to the BLS (Bureau of Labor Statistics), the unemployment rate was 4.9% or 7.5 Million people out of work, as of December 2007.
For November of 2009, the BLS states that the unemployment rate was 10.0% or 15.4 Million people out of work.
So unless 15.4 is less than 7.5, there’s that new math again, it doesn’t sound like any jobs were created or saved to me!
So if you are one of the lucky few who are currently employed, President Obama may very well have saved your job.
I am sure you are all really grateful for this too!
If you are currently unemployed, don’t despair, the “Stimulus II” package contains extended unemployment benefits.
I guess this gives you something to look forward to, also!
Talk about the Audacity of Hope !?
Go Bama !!