It could be a case of seeing what you expect to see, but it seems to me the stores are really empty for this time of year, and restaurants, too. Heard today (on Beck) that the Dept of Labor uses a model to guess at the unemployment rate – and it was assuming that small businesses were creating jobs this spring – and now the real data says that didn’t happen (surprise!)… so the employment numbers are off by about 800,000 is their current guess… it’s feeling like 1982 all over again
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So how much would that change the percentage, I wonder? I think, too, that the real figures for “underemployed” and “gave up looking” are really massive, if hard to substantiate. I haven’t had to stand in line at the grocery store for more than 5 minutes in months and months. That’s scientific proof that we’re in a world of hurt.
Well, it’s at least as scientific as the global warming garbage, right?
The “pros” pay more attention to the ADP numbers, since they are based on real data week to week, not mathematical models and subject to political ,motivated fudging… Even so, it’s hard to do apples to apples, since during the year you have normal seasonal ups and downs (like temporary jobs for holiday business)
The key thing is (for people who’ve lived a while and listen to other people)… the main factor in the employment rate is the Democrats continuing to extend unemployment benefits. A large chunk of people don’t even seriously start looking for work until the benefits are close to running out. The extensions just artifically prop up wage rates – if people were serious about going back to work, they might take jobs that pay less than their previous jobs. All of these extensions ultimately either are coming out of future costs for employers, or government coffers if employers go out of business with a deficit in the unemployment histories…