The jobs report. First up, Tim Mak (POLITICO) reports that 49.1 million Americans are now living below the poverty line. Now about the jobs report, Larry Johnson (No Quarter) explains:
It is beyond frustrating that the media is touting the so-called drop in the number of unemployed when that is not the truth of the matter. This is a simple case of playing with statistics. To understand what is going on look at the actual numbers.
The unemployment rate is determined by dividing the unemployed (i.e., 14,876,000) by the civilian labor force (153,960,000). You can find the stats by clicking here. But if you look closely at the actual numbers you discover that 1.5 million people have disappeared from the workforce. In October 2010 there were 84,570,000 men and women not in the labor force. One year later? The number jumps to 86,071,000. That means 1,501,000 people moved out of the labor force. If you count them among the unemployed that actual unemployment rate is close to 11%.I hope you caught Jess' post ("Mac and Cheese in the Kitchen") here Friday. Thank you to Jess for filling in allowing my husband and me to grab a romantic evening. And thank you to Jess for such an important post. I had heard the narrative of 'I have a jobs plan!' from Barack and how Congress wasn't helping. I know his 'plan' is a joke but that's all the media tells us, that Congress is preventing him. So it was news to me that the Republican-controlled House had passed many jobs bills recently and the Senate wouldn't allow them to come up for a vote.
This is C.I.'s "Iraq snapshot" for Monday: