bump......
Bumping to show it has been known for some time that unemployment would rise before it begins to drop.
"IMO, its not spin. Those of us who understand how econmic indicators work, know that employment is a lagging indicator. We understand that the economy will do better, but employment numbers will not immediately be impacted. We also know that unemployment numbers will likely rise for a short time, as the economy improves.
There is no magic wand. There is no quick fix. It's a slow process. Reagan supposedly had a great economy. During his presidency, we had 6.5 consecutive years if high unemployment (8% or higher). We had about 19 consecutive months of unemployment over 9%. Point being, historically, unemployment numbers take a long time to change, and do not always correctly reflect the current condition of the economy, which is why it is called a lagging indicator. This is all pretty commom knowledge, unless you think its possible for Reagan to have high unemployment and a strong economy. BUt don't believe the same can happen when the President is a Dem. "
Re: Hmmm........
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