The Shiny Object Test - Part 3
This should conclude an examination of October's unemployment figures and trying to make sense out of some pretty senseless information the way our government wants to feed it to us. We know the numbers of Obamacare participants is a laughing stock, not really, so expect Obama to pull a wide assortment of shiny objects out of his hat. It is being reported that since the lemonade was produced on October 1st that 50K enrolled in Obamacare. Those would be "paying" participants and not the freeloaders. The payers are the ones needed to finance the freeloaders as usual. Mirror , mirror on the wall, what's the shiniest object of them all? Wait and see.
If you haven't read Parts 1 and 2 you have some catching up to do. The link below will take you to Part 2 and there is a link there to Part 1. This discussion is a package deal so that the next time (next month) they release the one fictitious number they use you will be up on their game.
Part 2 Of The Test
The final examination will cover a myriad of concerns based upon gender, race. age and other factors. Obama has made history again concerning women and employment. Wait a minute? I thought the War on Women was a Republican conflict. Well folks the number of women employed dropped another 357,000 in October. Their participation rate hit a low of 56.9%. Their particular unemployment rate went up from 6.7 to 6.9% so they are faring better than others. There has been a downward trend in the female participation rate for the past three months. Heck don't worry ladies! The Democrats got your votes in 2012 so they got what they wanted again until 2014. Equated to numbers the number of working women dropped from 67,851,000 in September to 67,494,000 in October. Hence their 357,000 decline.
This next part should thrill you I'm sure. Our government workers are special under Obama. We know this. Their unemployment rate is 4.4%. Wait! Wasn't the number you talked about in Part 1 of this test 7.3% Frog Prince? Yes, it was but... Government workers unemployment rate is 39% lower than the rest of us poor slobs. On the brighter side it did increase from September when it was a mere 3.9%. So evidently we shed some fat?
For purposes of comparison the number of unemployed government workers, 920.000 in October, pales in comparison to the number of non-agricultural private workers. That figure was 8,011,000. Amazing that the actual producers greatly out number the pencil pushers.
The youth of our nation, you know our future, had dismal numbers in October. No wonder there are so many young people now living in Mom's basement. Remember that 7.3% number? For young workers aged 16-19 it more than triples to 22.2%. That was an uptick from the 21.4% reported in September. Interesting to note that in the 5 years Obama has been in office that rate has never fallen below 20%. Why do they seem so enamored with him since he's not really concerned with them? To him they are just a shiny object.
Black youth fared the worst. That rate is 393% higher than the national average of 7.3%. That rate was 36% which was an uptick from 35.1% in September. Numbers? A decrease form 487,000 in September to 444,000 in October. Their participation rate fell by 2.1% to 27.3%.
Hispanics are another group Obama and his minions like to exploit at voting time telling us how wonderful they are for their plight in life. Besides wanting to grant amnesty to illegal immigrants what does their pitch get them? Try unemployment numbers above the national average again. Even the Huffington Post was beating the gong reporting that "that despite the growth in jobs, the Latino unemployment rate rose to 9.1 percent in October from 9.0 in September." But he cares so deeply about the growth of jobs? Only talks it when he needs that shiny object to distract the American public.
Two truisms in life are apparent to most of us who work. First, there is "NO FREE LUNCH." Someone is picking up the tab. The second that comes to mind is that the government doesn't create jobs in this nation, The government creates non-productive government jobs usually with heavy union influences. Job creation is the role of private enterprise and works best with minimal regulation from the federal government. Red tape will always be expensive and no more than red tape.
So the next time Obama or his cast of characters start pulling out those shiny objects telling us "how they created X number of jobs" control your impulse to smash your television screen. The current shiny object seems to be raising the minimum wage. Now think that one through while your thinking. What will that do for job creation other than having Nancy Pelosi exempt Starkist tuna workers in Samoa from that mandate.
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The Frog Prince