Unemployment rate fell to 4.9 percent - Page 3 - Mercedes-Benz Forum

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post #21 of 21 (permalink) Old 01-06-2006, 04:38 PM
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RE: Unemployment rate fell to 4.9 percent

Shabah - 1/6/2006 12:49 PM

All right, let's put some traction into this. So unemployment dipped from 5% to 4.9% in a month which is not the whole story for the year...
Usually such dip could be attributed to a decline in the labor force and not necessarily a gain in hiring. I am sure that the White House is giving it a special spin rather than look deeper; I guess it would be too complicated for the likes of guage LOL
Let’s look at some other indices shall we? How’s the inflation rate versus wages? Hmmmm 3.5% versus 3.1% well?????
One of the only tools this administration has is to toy with interest rates to throttle up or down the economy, which is sad…. There is no real job creations in the US, let’s face it and be realistic and yeah the 1% keep on getting richer as jobs shift to Chindia and local manufacturing is flushed down the tubes (let’s not forget armament which only benefits a few). Oh well, maybe I should not point these out, what do I know and why should I care?
The only spin I have seen on this is the typical gov't spin you get from any admin. Nothing special.
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