Unemployment & Inflation Statistical Fairy Tales:
"Lullabys, Legends, & Lies"
(per Bobbie Bare song)
When Bush had good unemployment numbers, the refrain from the Democrats was 'look at the quality of jobs - people are having to have 2 and 3 jobs - the rate doesn't take into account 'underemployment'"
The same Democrats now herald their 4.6% unemployment rate - though
1) the average income is down in the past 8 years from $52K to $50K and worse when
a) one looks at real inflation (not BS inflation) to lower which effectively reduces the income further in terms of goods and services that can be bought
b) the quality of the jobs (selective memory)
c) the amount of goods and services that can be bought given the fallacy of Obama care which increased costs rather than 'if you like you doctor, you can keep your doctor, if you like your insurance plan, you can keep your insurance plan, and you'll save per family $2500.'
2)So if anything, adjusted the $52,000 in terms of goods and services adjusting for inflation and Obama night mare - is what $45,000 or less a 13% decline in average standard of living - due to Obama --- SO DAMN MUCH FOR THE VERACITY OF THE 4.6% UNEMPLOYMENT - WHICH IS UNDEREMPLOYMENT RATE AS WELL....
Yet, 10,000 boomers a day are leaving the workforce - but that is way more - way more than offset by those who have just given up - such that the denominator (?) in calculating the rate without adjustment is complete fabrication UNDERSTATING the rate.. thus the quality of the unemployment rate is a figment of the administration's imagination Obama's & The Egalitarian Totalitarian Progressives' Economics Professors with Tenure (Scholar Barrens) who have never made a payroll -Lullabies, Legends and Lies
PS one further note - look at for example a Triscit(?) box or the like selling at the 'same price' - (I used Triscit not knowing or knowing they do this but have seen this with other products) so the price looks the same but the goods are less - hiding the inflation from the IYI (intellectual but idiots) on the inflation rate etc...(Talk about the violation of Torah relative to weights and measures!)
Remember all money is is goods and services (stored or consummed). Therefore the same price per box and less Triscits - less goods and services and the money is worth less - though the inflation rate may not (probably does not) reflect this game at all.