Monday, May 9, 2011
As Barack Obama (wearing helmet, shoulder pads, and protective cup) continues to tell everyone who'll listen that he's not the type to "spike the football," other stories are starting to creep timidly back into the news. Like the announcement that the unemployment rate (wait for it...) unexpectedly rose again last month to 9%.
It's something of a good news/bad news situation...because the economy actually added a fairly robust 244,000 jobs in the month, including several which did not involve flipping burgers at McDonald's.
But the unemployment rate went up anyway, because more people who had given up all hope for the past two years decided to return to the job market for one more try. Those people come from the actual ranks of the unemployed and underemployed, which is currently 15.9%... a far higher and vastly truer number than the one the Obama administration likes to use.
Unfortunately, the lingering threats of Obamacare, looming inflation, and refusal to get serious about the debt are still keeping many potential employers from hiring.
And although the president claims to have a plan to make job conditions better, he steadfastly refuses to show proof. Perhaps he's afraid that it would upset the Muslims.