May 3rd, 2008 by Allison Kilkenny
In case you didn’t know, the loss of 20,000 American jobs in April is actually good news. You see, economists had predicted 73,000 jobs would be lost last month, so thank God we dodged that bullet, right?!
In fact, the unemployment rate fell to 5.0% from 5.1% in March. Therefore, the unemployment rate is going down!! Surely, a .1% drop in the unemployment rate means America’s determined locomotive is chugging toward the dawn of a new economic renaissance…right?
These kinds of figures can mislead citizens, particularly when delivered in sound bites by an ignorantly defiant leader. Let’s first consider the possibility that less people are losing jobs because so many people are already unemployed. People can’t lose jobs they don’t have, and I know very few people that have been laid off the same job twice. These kind of polls also rarely consider the underemployed, who are in as much danger of bankruptcy as unemployed citizens due to medical bills.
Finally, the government doesn’t count everyone who is unemployed. Only people who are actively looking for employment are considered unemployed.
Contrary to the philosophy of Reagan Republicans, these unemployed-and-not-looking citizens aren’t all welfare queens. They’re also spouses, veterans, the disabled, and the retired, all of who have nothing in common other than being screwed by the Bush administration. The “unemployed-and-not-looking” also includes the independently wealthy. Yes, believe it or not, some rich people refuse to contribute to the work force. What do we call those people — Trust Fund Queens?
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