Right Thinking From The Left Coast
I find that the harder I work, the more luck I seem to have. - Thomas Jefferson

Thursday, October 07, 2010

How will the MSM spin this just weeks from the November elections?

And by this, I mean this news.

PRINCETON, NJ—Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September—up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month—the unemployment rate was 9.4% in mid-September—and therefore is unlikely to be picked up in the government’s unemployment report on Friday.

Maybe all those census workers losing that gig has forced some more serious accounting of the numbers. And things are not uniform either. Some are doing much worse:

Certain groups continue to fare worse than the national average. For example, 15.8% of Americans aged 18 to 29 and 13.9% of those with no college education were unemployed in September.

To which I have to note that there might be some justice in the universe considering that this demographic happened to be a big Obama voting block in 2008. And some, according to this report, are fairing better:

The increase in the unemployment rate component of Gallup’s underemployment measure is partially offset by fewer part-time workers, 8.7%, now wanting full-time work, down from 9.3% in August and 9.5% at the end of July.

One has to wonder if this number went down because they found full time employment or simply gave up though, and that’s the likely scenario considering the following:

As a result, underemployment shows a more modest increase to 18.8% in September from 18.6% in August, though it is up from 18.4% in July. Underemployment peaked at 20.4% in April and has yet to fall below 18.3% this year.

That’s an unbelievably freakish number. But there is one heck of a doozy of an admission in these numbers:

The government’s final unemployment report before the midterm elections is based on job market conditions around mid-September. Gallup’s modeling of the unemployment rate is consistent with Tuesday’s ADP report of a decline of 39,000 private-sector jobs, and indicates that the government’s national unemployment rate in September will be in the 9.6% to 9.8% range. This is based on Gallup’s mid-September measurements and the continuing decline Gallup is seeing in the U.S. workforce during 2010.

However, Gallup’s monitoring of job market conditions suggests that there was a sharp increase in the unemployment rate during the last couple of weeks of September. It could be that the anticipated slowdown of the overall economy has potential employers even more cautious about hiring. Some of the increase could also be seasonal or temporary.

That means that the real numbers are even worse. Maybe the hope is that most voters just see the 10.1% number, the left can say it could have been worse, and there might be less of a negative impact come election time for the demcorats. Wanted to help mitigate that by pointing out that it is much worse. Not speculating here considering such revelations as this one and this one.

At least Obama is talking tough:

Reporting from Washington — A Republican majority in Congress would mean “hand-to-hand combat” on Capitol Hill for the next two years, threatening policies Democrats have enacted to stabilize the economy, President Obama warned Wednesday.

Yeah, with this kind of stability from demcorat policies, especially when you hear stuff like this or this, it is no wonder November is looking more and more like it will be a bloodbath for the collectivist morons. At least some people are finding humor in all this.

Posted by AlexinCT on 10/07/10 at 01:30 PM in Deep Thoughts   Elections   Election 2010   Health Care   Left Wing Idiocy   Politics   Law, & Economics   Polls and Surveys   The Press Machine  • (0) TrackbacksPermalink
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