Welcome to the Summer of Recovery Part II

Obama's economic policies are an unmitigated disaster. Despite the alleged "improvement" in jobs, TrimTabs describes the economy as a "Hamster Wheel Economy" -- the hamster runs faster and faster in its wheel but goes nowhere.

Given this administration distortions of reality in giving us accurate unemployment figures, it's impossible to even have a
discussion about the true proportions of people who are unemployed, underemployed, or have just given up hope and stopped looking. I would assume the true number is closer 16-17 %, and while the administration tries to claim that the unemployment rate is little better than it was a year ago. It would actually be worse than a year ago were it not for people dropping out of the labor force.

Last month the labor force rose by 272,000. This month the labor force fell by 272,000. How's that for symmetry?

The 6-month labor force total for 2011 is +4,000.


This is Recovery ?

In a 2-year old recovery, the labor force should be rising sharply as those who stopped looking for jobs, once again started looking. Instead, the labor force is not expanding at all.

Were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.