From Dan Spencer:
"The government unemployment report that the economy lost another 95,000 jobs and that the unemployment rate remained stuck at 9.6 percent in September is a disaster for the Obama/Democrats.
The government’s broader measure of unemployment, sometimes referred to “true unemploytment,” now stands at 17.1 percent. As the Washington Post’s Frank Ahrens puts it, you are not included in the “official” unemployment rate if, a) you would like to have a full-time job but can find only part-time work, and b) if you’ve grown so discouraged at finding work, you’ve simply given up:
If you include all of these people into the number — all of the people who should be working full time but are not — the truer U.S. unemployment rate is a much higher 16.8 percent."
The government only reports those who are actively receiving unemployment compensation and still looking for work. So these numbers are misleading, at best. The President promised no more than 8% unemployment and said the stimulus package would make that happen, yet it continues to go up. The President talks about how the economy is improving and the stimulus package is working even as 95,000 more people lose their jobs in September.
So how's taht stimulus package working for you?