Another Way to Look at the Jobs Report
I think of it as what liberal policies can do to you.
Check it out:
A lot of digital ink has already been spilled on the late September jobs report, which showed that a disappointing 144K jobs were added to payroll (versus an expected 180K). Deciphering what to make of each month’s job report has become a monthly game of political football that is designed (at least on the part of the Democrats) to confuse average voters into not knowing whether the economy is actually recovering or not. What to make of all the various ways the unemployment figure can be calculated? How do we assess the quality of jobs that have been added in this month versus the jobs that have been lost in previous months? Should we assume that the entire report should be evaluated just based on expectations? How do we properly account for people who no longer show up on the unemployment report because they have given up looking for work?
Via David Freddoso, this chart I think shows at least one simple way of examining the issue – how many people have gainful employment, as a percentage of overall United States population? As you can see, the numbers are not pretty.