Relative to other states, California unemployment is just as dismal today as it was in the depths of our nation’s recesson
There are four factors suggested for our nation’s relatively improving unemployment figures.
More private sector hiring. More of the “unemployed” dropping out of the labor market — they no longer count as unemployed. More companies making full-time jobs into part-time jobs — to reduce the costs of ObamaCare and other benefit expenses. It spreads the work around — and gives the illusion of improving unemployment. A federal effort to cook the books before the election by encouraging false responses to the monthly unemployment sample questionnaires.I don’t think the last one is significant or even true. I’m not a believer in big conspiracies — someone always tattles. I guess we’ll find out after the election — as cooked books on this scale cannot be maintained. If it IS a conspiracy by Obamabureaucrats, we will see animpressive“unexpected adjustment” upward in unemployment rates in December or January.
As for the other factors, I would rank “2” and “3” ahead of “1” in importance, but it’s… Read More