Friday, May 7, 2010

Unemployment up to 9.9%

But it's a recovery. You got that? RE-COV-ER-EE. You must go back out and consume. Try not to step on the homeless person sleeping on the sidewalk outside the empty mall.

Notice how AP ever so subtly admits the unemployment numbers are a sham. Supposedly the economy added 290,000 jobs, but the unemployment rate went up, you see, because more people are now looking for work, which makes them part of the fake statistic. If they gave up on finding a job, they're not technically unemployed, even though they don't have a job. You follow?

    Associated Press -

    The economy got what it needed in April: A burst of hiring that added a net 290,000 jobs, the biggest monthly total in four years. It showed employers are gaining confidence as the recovery takes deeper root.

    But people who had given up on finding jobs are gaining confidence, too, and are now looking for work. That's why the unemployment rate rose from 9.7 percent to 9.9 percent and will likely go higher.

Read it all.