Home » Hot off the Press » Thoughts on the Dec 2011 Unemployment Rate
The national unemployment rate fell to 8.5% in December 2011, its lowest level since February 2009. It has fallen 0.7% since June.
Although a good part of this decrease can be attributed to people dropping out of the labor market perception is nine-tenths reality. If the unemployment rate continues to trend downward it will, of course, improve President Obama’s re-election prospects in November.
However, economists are expecting slower growth in the first quarter of 2012 which will likely bring about an increase in the unemployment numbers. In which case, the Obama Administration will simply continue to say they inherited a bad economy. When in doubt blame Bush. So much for that new era of responsibility.
Nobody, to my knowledge, has ever accused Rep. Ilhan Omar...Read More
Perhaps it's a sop to the aging liberals who still...Read More
On Monday, May 25, 2020, George Floyd, a man with...Read More
A trio of things I've said, of which some of...Read More
The Christian story started very simply: a mother delivered her...Read More
For decades, the Democrats have depended on the overwhelming support...Read More