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Unemployment Rate Up .1%, Job Creation Numbers Off 40,000
Posted By Daniel Greenfield On February 1, 2013 @ 12:14 pm In The Point | 5 Comments
The Recovery is here. It’s been here since about 5 seconds after Obama took office. But the ability to control the media is not the same as the ability to control the economy and after Obama’s disastrous reelection by the Government Class, the economy is stumbling badly.
The economy contracted by .1% and the unemployment rate has risen by 1%, all in defiance of the official projections. Job creation numbers are 40,000 off what they were supposed to be. 159,000 jobs were added, but 169,000 workers left the labor force. Naturally we’re not supposed to pay attention to any of this, as the media keeps finding ways to explain it all away as part of the recovery.
Consumer spending only rose .2 percent in December, at a time when consumers should have been doing a lot of their holiday shopping. The dollar fell against the euro and while Obama’s pals on Wall Street are doing well, no one else is. Meanwhile the media is claiming that Obama’s amnesty program for illegal aliens will fix the economy… because dumping 11 million unskilled workers into a marketplace with rising unemployment is a sure fix.
And once we have 11 percent unemployment and millions more Mexicans on welfare, then the recovery really will be here.
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