Deceptive Headline: Unemployment Drops to 5.9%

ArroganceLipstick for the pig…

The number of unemployed fell in September by 329,000 to 9.3 million. Most of them found jobs. But nearly 100,000 stopped looking for work. Their exodus lowered the percentage of Americans working or looking for work to 62.7 percent, the lowest proportion since February 1978.

Doesn’t sound rosy? But as usual, if you dig deeper into the story there’s some troubling details…

The number of unemployed fell in September by 329,000 to 9.3 million. Most of them found jobs. But nearly 100,000 stopped looking for work. Their exodus lowered the percentage of Americans working or looking for work to 62.7 percent, the lowest proportion since February 1978.

Read the whole story:

Behind the optimistic U3 number touted by the media is the distressing U6 “real unemployment” number: 11.8% and if you factor in the labor participation rate (people who’ve given up trying to find work), even the U3 number would be over 10%.

But hey, lets give amnesty to millions of illegal aliens and in so doing encourage millions more immigrants to flood across our border.

Because, just like spending our way out of debt and taxing ourselves into prosperity, the solution to unemployment is more unskilled, uneducated people who don’t even speak the language.

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