American Elephants

The Jobs Report: A Net Loss of 59,000 Jobs. by The Elephant's Child

And you vetoed the Keystone XL Pipeline because…?

The February jobs report came in with 295,000 jobs added, and the unemployment rate dropped to 5.5 percent — supposedly a sign of a slow, but steadily improving economy. But the unemployment rate increased by 354,000 newly unemployed, meaning a net negative of 59,000 fewer people employed and the 5.5 percent dropped only because it is a percentage of a smaller labor force.

I don’t get it.  Am I somehow misunderstanding? I am under the impression that the President simply adds up the “jobs added” each month, ignores the newly unemployed that should have been subtracted,  and comes up with a big lie of a recovering economy. There are 92,898,000 people of working age no longer looking for employment.

These are the same people who think a $18 trillion national debt doesn’t really need to be paid back, and the president’s proposed budget is a perfectly reasonable document.


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