Unemployment for the month of November: Gallup has it at 8.3%; Obama's government run Department of Labor has it dropping to 7.7%. Here are some facts:


The labor force participation fell by two tenths of a percent to 63.6% of the available or potential work force  (folks 16 years and older and able to work).  In hard numbers,  this total represents a loss 540,000 people.  Without this loss in manpower,  the current unemployment rate would be unchanged at  7.9%,  using Obama's DoL numbers. 

(I, your humble educated Okie pundit,  have found that “256,000” is a number that works well with a .1% change in the larger unemployment number.  For every 256,000 Americans who are added or taken from the “work force,”  the nation experiences a .1% change in the larger statistic).

Unemployment:  Improving or stagnate? You decide.

Add to the nominal number of 8 million Americans who are no longer working and no longer being counted in the unemployment totals  (!!!!) a total of 8.8 on disability,  and the situation becomes quite bleak.  If we counted just the 8 million drop-outs,   To demonstrate just how bad the unemployment circumstance really is,  divided 8 million by 256,000 and you have added more than 31 points to the unemployment totals.  That’s’ right,  I am saying that if we counted the 8 million “lost” Americans no longer being counted in the weekly or monthly unemployment reports,  total unemployment would be 39.1 percent.  

To make  matters worse,  8 million Americans are now “part-time” employed.  That number could  more than double,  in my blue collar opinion,  within the coming year(s)  because of the ObamaCare “loophole”  that allows employers to avoid ObamaCare requirements for part-time employees.  

Construction and manufacturing numbers fell during the past month  -  perhaps the most discouraging indicator of all.  The keys to rising employment rates is not found in Central Government planning,  or federally sponsored research,  or Big Labor's demands for higher pay and special treatment.     
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Go to ZeroHedge for a qualified second opinion.   

Like I said,  Gallup has the unemployment rate at 8.3%

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