Gotcha: About those rosy unemployment stats …

First, glance at what’s been going on with government employment the past couple of months

about 1 million employees were added to government payrolls from June 2012 until election day.

Hmmm.

image

* * * * *

Now, take a gander at Gallup’s  daily tracking of unemployment.

Note that Gallup’s unemployment rate dropped by about a point in the run-up to the election.

Virtually all of that drop is attributable to the bump in government employees.

Double hmmm.

And, Gallup’s unemployment rate is up about 3/4’s of a percentage point since the election.

Triple hmmm.

I thought that Team Obama had this economy turned around …

Oops.

image

* * * * *
Question: Tell me again how higher tax rates will help a faltering economy?

Unless the BLS fudges the number tomorrow, the GOP may finally have an arrow in their fiscal cliff quiver.

* * * * *
Follow on Twitter @KenHoma                 >> Latest Posts

One Response to “Gotcha: About those rosy unemployment stats …”

  1. Tepid job growth … unemployment down … say, what? « The Homa Files Says:

    […] in our post Gotcha: About those rosy unemployment stats …  we showed how the bump in government employment accounted for most of the decline in the […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s