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Obama fudging the numbers
By Cal Thomas

The Obama administration is touting the latest unemployment numbers released last week by the U.S. Department of Labor as proof its policies are working. But a closer look at the actual number of able-bodied people who are willing to work, but are not, reveals a different picture.
As economist John R. Lott has written, not only is the drop in the unemployment rate from 8.5% to 8.3% still half a percentage point higher than when President Obama took office three years ago, the number of unemployed is higher. Compared to January 2009 when 11.6 million Americans were jobless, today, writes Lott, “There are 12.8 million unemployed and 43% have been out of a job for more than six months. The average length of unemployment has increased dramatically since the recovery started. Back in June 2009, only 29% of the unemployed had been unemployed longer than six months.”

Tuesday, February 14, 2012 12:04 PM
Last Updated on Tuesday, February 14, 2012 12:05 PM
 

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