They monitor a certain number of businesses, they have a statistical program with a computer, and they just assume, they poll business and so forth, but they assume, there’s a lot of assuming that X-number of people who have been out of work and not looking for work for a while start looking again. If they’ve been out of work for years and say they haven’t looked for work, they’re no longer unemployed. But they poll 60,000 households to get this number, is basically what they do, 60,000 households and then some businesses, and they just assume that a certain percentage — all this is a wild guess.

But the thing that you can’t forget here, and I keep drilling this into people, the labor force participation rate, meaning the total number of jobs that are out there for people to fill is down by over two million. There are two million fewer places to work since Obama was inaugurated. Well, if you lower the universe of jobs and then divide in that the number of people looking, you’re obviously gonna have a smaller unemployment number, which is also happening. The bottom line is, there is no massive new job creation going on, and there isn’t any economic growth to speak of. That’s all you need to know.

Continue reading on