The Truth Behind Today’s Job Numbers

John Campbell
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Posted: Nov 06, 2009 3:30 PM
Earlier today I blogged about the high level of unemployment and the failure of the President’s stimulus package to provide the stimulative effects promised by the administration.  However, we must take a hard look at what these numbers really mean.

First, it is important to make a distinction between the number released earlier today and what is happening in reality.  Don’t let the 10.2% figure fool you.  Out in the real world, unemployment is 17.5%.  The figure released by the Department of Labor does not include those individuals who have given up on finding work or those who are underemployed, such as individuals working part time but looking for full-time work. 

Meanwhile, back in D.C., Nancy Pelosi and President Obama are intent on passing legislation on global warming and health care which analysis has shown will kill jobs and only exacerbate our current economic woes.

When roughly 1/5th of the American population is unemployed or unable to find full-time work, why is the President and Speaker intent of making work harder to find for even more Americans?