Tag: Summer Of Recovery
Obama Comments On Fox News
If there was any doubt… Yes Fox News lives rent free in his head.
A few pull quotes from this video say it all.
If you watch Fox News on a regular basis, it is a constant menu they will find like… folks that make me mad. I don’t know where they find them.
Does he watch Fox News on a regular basis?
Fox News needs to stop showing people who say “I don’t want to work, I just want a free Obama phone”.
We’re going to have to change how the media reports on these issues and how people’s impressions of what it’s like to struggle in this economy looks like and how budgets connect to that.
Change how the media reports?
Struggle in this economy? Isn’t the economy all good as we head into yet another “Summer of Recovery“? What side of his a$$ is he talking out of?
Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days
The Summer of Recovery continues as the harsh reality of the train wreck called ObamaCare hits home.
Outside of the federal government’s Bureau of Labor statistics, the Gallup polling organization also tracks the nation’s unemployment rate. While the BLS and Gallup findings might not always perfectly align, the trends almost always do and the small statistical differences just haven’t been worthy of note. But now Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.
This is an 18-month high.
At the end of July, the BLS showed a 7.4% unemployment rate, compared to Gallup’s 7.8%. Again, a difference not worthy of note. But Gallup’s upward trend to almost 9% in just the last three weeks is alarming, especially because this is not a poll with a history of wild swings due to statistical anomalies. Gallup’s sample size is a massive 30,000 adults and the rolling average is taken over a full 30 day period.
Gallup also shows an alarming increase in the number of underemployed (those with some work seeking more). During the same 30-day period, that number has jumped from 17.1% to 17.9%.
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