Government Numbers Are Worthless & Officials Are Full Of Crap
The unemployment rate is one of the most worthless numbers that exists. The “drop” in unemployment from 9.4% yesterday to 9% is a perfect example of how stupid this statistic is. The fact that our government officials actually use the decrease in this number as something to brag about, it shows how stupid they think you and me are. Unfortunately, most of us are stupid.
The cause for the decrease was nothing more than the fact that more and more people are falling out of the work force due to complete discouragement. The number doesn’t factor in people who have given up looking for work. This is not a positive development. It doesn’t matter how this tweaks the official unemployment rate, it’s not positive, it’s a negative.
The crazy thing here is that if I had to guess, more and more people are becoming unemployable. Think of the guy in his late 50’s who has an outdated skill set. He has nowhere near enough money to retire and needs to work, but can’t get a job. Unemployable. These people are increasing, but hey unemployment decreased to 9%!!
I actually heard the secretary of labor or something stupid (title is irrelevant – the lady was an idiot) do her best attempt to spin these numbers on CNBC yesterday. It was such a joke and the lady should be fired immediately. These numbers are worthless and the people are full of crap.
The unemployment rate is a worthless number. If you see a politician using it to promote a political end, you will know that person is an idiot.