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| The predictable result of liberal policies |
Unemployment in the state dropped by two-tenths of a percentage point to 12.8 percent in October, making it the first time in 18 months that Michigan's jobless rate has been below 13 percent.This is anything but good news. Because the unemployment rate is calculated in a way that makes Enron look honest, the rate goes down when people run out of unemployment benefits or stop looking for work. It also decreases when people up and leave the state. In either case, there was no gain in jobs and in fact jobs could have decreased even though the unemployment rate declined. That's exactly what has been happening in Michigan for months. Later in the article, the true scope of what's really bad news surfaces:
According to seasonally adjusted data released todayby the Michigan Department of Energy, Labor & Economic Growth, unemployment edged down by 6,000 in October, and total employment was essentially unchanged, with a drop of 1,000 jobs. The combination of these reductions pushed the state's labor force down by 7,000 over the month.Translation: 6,000 people exhausted their unemployment benefits or stopped looking for work. They are either on welfare and food stamps of left the state. 1,000 jobs were lost. There are now 7,000 less people working than the month before. Why can't the establishment MSM just spell that out in plain English rather than making bad news sound good? I'm sure that will change when Granholm leaves office and Snyder enters it. The labor participation rate is dropping in Michigan and in fact the nation: Good News: Labor Force Participation Rate Drops To 25 Year Low, At 64.5%. That fact is being covered up by bogus unemployment numbers. Even 60 minutes admitted that the true unemployment rate is at 17% nationally:
Including those that age into the work force but can't find a job, try 19% or more.
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