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Originally Posted by appleseed
My ignorance is glaring thus I must ask in kind...
How is unemployment defined and how does it take into account the displaced workers (eg the educated technical professionals who are now answering phones for a wage)? This should, at the very least, question our government’s surveying criteria.
YogsVR4, Unfortunately, the unemployment rate is not at a 20 year low… a quick check at the Department of Labor’s website ( www.dol.gov) would show that the all time low was in 2000 and has been on the rise until recently (national unemployment rate ref @ year end).
thegladhatter, you are quick to attack but yet share no support for your claims. Very insightful. Thank you for that. Your quips amuse not enthuse.
My question is simple. Where is the job creation? Percentages don’t make much sense as absolute numbers paint a more accurate picture. |
You're absolutly right about the unemployment numbers. I did mean to say that it was the highest in the last 20 years for a incumbent to run on. Though thats not really all that important.
As for people answering phones (or the like) that are educated professionals. That’s has always happened. It’s not a new phenomenon. You will want to look at real wages as well as employment numbers to see how the job market is doing. Looking at any handful of people is not a representative of the whole. Real wages have started to climb after being stagnant for over a year. With static unemployment rates (though its dropped, its been pretty consistent) that means that the job market is providing higher wage jobs then it was has.
The market sets the wages. The market sets the job. A president can only help the market – he cannot just push a button to set employment. The president (along with congress) can cut taxes and reduce red tape to make it easier for businesses to succeed. The government is given to much credit and blame over job numbers. Only countries with a communist in charge can look to the government for employment woes.
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