In
elections, jobless trend matters more than rate is the headline and with this bit of "news"
commentary, we have the opinion that a trending employment rate is more important than the
rate, itself. No president - it is argued - has lost a re-election
bid when employment has trended up for two consecutive years. That is why
this Administration is so bent on cooking the unemployment percentages in its
favor.
Understand that for every tenth of a percent of
"movement," 153,000 jobs are in view. Our unemployment
rate has reportedly fallen .5% which should equal the net creation of 765,000
jobs. The actual hard numbers do not support this scenario. In fact,
Gallup is reporting a flat-line employment rate with virtually no change
at all.
News pundits fail to reveal that no president has
been re-elected when unemployment is at 7.3% or higher or that the American
labor force has mysteriously shrunk by 13 million since 2004. No one
mentions that 2 million folks have quit looking for work and are, therefore,
ignored in the monthly reporting.
In the end, all this "good news"
is nothing more than smoke and mirrors for the sake of re-election.
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