{"id":4102,"date":"2013-04-07T18:54:37","date_gmt":"2013-04-07T22:54:37","guid":{"rendered":"https:\/\/www.urbin.net\/blog\/?p=4102"},"modified":"2013-04-07T18:54:37","modified_gmt":"2013-04-07T22:54:37","slug":"lets-look-at-the-numbers-again","status":"publish","type":"post","link":"https:\/\/urbin.net\/blog\/economy\/lets-look-at-the-numbers-again\/","title":{"rendered":"Let’s look at the numbers again…"},"content":{"rendered":"

The March unemployment numbers are out and the federal U3 number<\/a> dropped from 7.7% in February to 7.6%. \u00a0That should be good news, still over two points over what our Dear Leader\u00a0promised us we would have if we passed his massive porkulus act<\/a>, but still moving in the in right direction.<\/p>\n

So why did the\u00a0architect of the Obama economic plan,\u00a0Austan Goolsbee, call the March unemployment numbers a “punch to the gut”<\/a>?<\/p>\n

To answer that,we need to look at some more numbers. \u00a0Like the number of jobs the Federal BLS says were added in March, which is 88,000. \u00a0Since you have been paying attention, you know that the US economy needs to generate at least 120,000 new jobs a month just to break even. \u00a0So how did the U3 rate drop a tenth of a percent when we missed the break even point by over 33,000 jobs? The Federal Bureau of Labor Statistics calculates the U3 (and 5 other “U” rates) rate as a percentage of the labor force. \u00a0While the BLS added 88,000 jobs, it dropped 630,000 workers from the labor force. That gives us a net loss of over a half million workers from the US economy in March 2013. \u00a0Just what would the Federal BLS U3 number be if those 630,000 Americans were still counted in the labor force? \u00a0One estimate has it at 11.7%<\/a>. \u00a0That is Carter era employment numbers<\/a>. \u00a0It shouldn’t be surprising that Obama’s Worst Recovery since the Great Depression<\/a> is catching up with the Worst Recession since the Great Depression.<\/p>\n

Not a shining moment for the Obama regime and it’s\u00a0Keynesian economy policies. \u00a0Not enough for them to give up on those failed policies though. \u00a0For the left, their political agenda\u00a0always<\/em>\u00a0trumps the truth.<\/p>\n","protected":false},"excerpt":{"rendered":"

The March unemployment numbers are out and the federal U3 number dropped from 7.7% in February to 7.6%. \u00a0That should be good news, still over two points over what our Dear Leader\u00a0promised us we would have if we passed his massive porkulus act, but still moving in the in right direction. So why did the\u00a0architect […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,50,52,19],"tags":[140,294,414,574,621,625,789,839,840],"class_list":["post-4102","post","type-post","status-publish","format-standard","hentry","category-economy","category-obama-economy-politics","category-bho-politics","category-politics","tag-barack-obama","tag-economy","tag-incompetent","tag-obama-economy","tag-politics","tag-porkulus","tag-unemployment","tag-worst-president-ever","tag-worst-recession-since-the-great-depression"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pab4zg-14a","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/4102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/comments?post=4102"}],"version-history":[{"count":0,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/4102\/revisions"}],"wp:attachment":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/media?parent=4102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/categories?post=4102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/tags?post=4102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}