Unemployment Numbers Down Except They Aren’t Really Down
Unemployment numbers for March were released and it seems like the White House is happy because they are down to 8.2 percent.
The picture is not rosy for all though as the numbers reveal that all is not well with the economy. Employers added 120,000 new jobs when analysts expected 203,000. Also, when you look deeper into the numbers, the real unemployment rate is anywhere between 9.4 and 14.5 percent. At the same time, the Obama Administration predicted that the rate would be at 5.8 percent thanks to the stimulus plan that was passed early in Barack Obama's time in office.
In still further numbers, the amount of people not participating in the work force is at an all time high of 88 million.
How much of this is the President's fault and how much of this is the fault of other factors? Let us know what you think...