Via Hot Air, 225,000 Census jobs went away in the month of June, the private sector created 83,000 jobs (to stay ahead of population growth the private economy needs to create 100,000 each month) and there was a net loss of 125,000 jobs in the economy, per today’s jobs report.
This is good news, we’ll be told, because after all, the current unemployment rate is 9.5 percent.
But – and this is disturbing – the unemployment rate is going down because people are just giving up. Per the AP:
The unemployment rate fell as 652,000 people gave up on their job searches and left the labor force. People who are no longer looking for work aren’t counted as unemployed.
It seems that the loss of hope is our new change.
It’s OK, though, because noted economic expert Nancy Pelosi has a solution.