Forum Post: Do a search for planned layoffs before letting that 7.8 go to your head + United Republic fun
Posted 4 years ago on Oct. 5, 2012, 5:44 p.m. EST by richardkentgates
This content is user submitted and not an official statement
The 7.8 is only the number of people who qualify for unemployment. As time goes on, people fall off the rolls because they don't qualify and the same stats that give the 7.8 also state that long term unemployment is unchanged, which means rising but not visible. There are a shit load of layoffs planned. Some are waiting for the budget decision, some are waiting for the election, but layoffs mean low demand and they won't procrastinate for very long before dropping the ax.
Personally, I'm disgusted that the dems have become so spineless that they will push partial information as an indication of the recovery being in full swing while the Fed is pumping 40 billion dollars a month into WallSt in order to prop up the failing economy. Yeah, recovery. Sure, what ever you say Obama(cheeky liar).