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Maxprop
 
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"Jonathan Ganz" wrote in message

Maxprop wrote:

"Jonathan Ganz" wrote in message

Unfortunately, you're right about the unemployment line... but it's
getting so long that there's not much point in getting in it.


The current unemployment rate just dropped from 5.5% to 5.4%. The avg.
unemployment rate during the Clinton administration was 5.8%. Doesn't

wash.
People are beginning to tune Kerry out when he talks about the horrendous
unemployment rate. They don't believe him any more.


It's easy to cite facts but not the truth. Yes, the UER just dropped
0.1%. However, it was completely due to people dropping off the
employment rolls not due to job growth. 144K people found jobs. But
the economy needs about 150-200K to break even on job loss/job
creation.


When I was a kid, 3% unemployment was considered "full employment." Some
people simply aren't employable for any number of reasons. I don't know
what the basement unemployment rate is today, but I wouldn't be surprised if
we're very near that figure now.

Max


 
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