The September 2012 jobs report is out and the MSM is, predictably, reporting it as a Win! for Obama! But the fact is, Obama hasn’t fixed anything. Bear with me and I will show you how to see this with your own eyes.
First, the Unemployment Rate is a phony statistic. Before Clinton, it meant what you would think it means. I.e., percent of Americans out of work. But Clinton changed the way it’s calculated to make his numbers look better.
Since the switch, the Unemployment Rate does NOT includes people who believe there are no jobs, so have quit looking. These folks are now called Discouraged Workers. You’d kinda think that was the same as being “Unemployed.” But in Democrat Government Speak, it’s not.
This weirdness has two odd results.
- A bad economy can see a down-tick in Unemployment because workers move not into Employment, but into Discouragement.
- A recovering economy can see an up-tick in Unemployment, because Discouraged workers get their hopes up and start looking again.
See Unemployment Rate data @ http://data.bls.gov/timeseries/LNS14000000
The Discouraged Worker data only goes back to 1994, which I’m guessing is when Clinton changed the Unemployment Rate. It does have value, because it tracks people who have been out of work for so long that they have lost HOPE that the job market will CHANGE for the better. I just wish the MSM reported more honestly and less politically about what changes in the Unemployment Rate really mean.
See Discouraged Workers data @ http://data.bls.gov/timeseries/LNU05026645
The Bureau of Labor Statistics also tracks the Employment-Population Ratio, which compares the total number of Americans to the total number who are working. I like this one, because it doesn’t try to suss out what people are thinking or feeling about finding work.
See Employment-Population Ratio data @ http://data.bls.gov/timeseries/LNS12300000
See for yourself what the JOBS situation in the Obama Economy is.
First, open the three URLs below in separate tabs, so you can click between them. Each page has a line graph at the top; if you scroll down, there’s a box with month-by-month data. At the top of each page, you can reset the time frame. It currently starts at 2002. Since the Obama claims he inherited Bush’s mess, I suggest you reset them all to 2001, the year Bush took office. (Click GO after resetting the date.) That way you can make up your own mind about how big a mess we’re in and who is responsible.
Things to keep in mind
Economists consider it a sign of a healthy economy if the Unemployment Rate is around five percent. Higher means people who want jobs are having trouble finding them. Lower means employers do not have a sufficient pool of workers for new hires.
Obama likes to remind us that he inherited the post-housing-bubble-burst recession, which he likes to blame on the 8-year Bush administration. But Bush inherited the post-internet-bubble-burst recession which we could just as easily blame on 8-year Clinton administration. Moreover, the 9/11 attacks hit us just 8 months into Bush’s first year. Obama had nothing even remotely comparable.
Bush also had two wars, one of which was won before he left office. The other drags on to this day, with Obama giving every sign of planning to just quit and go home. Frankly, I wish Barack would just man up. It’s unseemly for someone holding the most powerful office on the planet to keep whining the way he does.
Bush had Republican majorities in both the House and Senate for his first six years. Democrats took over the majority of the House and Senate in January 2007, then gained the White House as well for 2009 and 2010. Republicans have had the majority in the House for 2011 and 2012, but Democrats still control the majority legislatively, because they have the Senate and the White House.
IOW, to make matters simple, Republicans own the economy for SIX years under Bush (2001-2006), while Democrats own the economy for SIX years under Bush and Obama (2007-2012).
Got all that? Now go look at the data with your own eyes.
If you liked this, you might also want to read https://polination.wordpress.com/2012/10/05/a-little-fact-checking-of-debate-statements/