A reader passes on this article. Oregon has the second highest unemployment rate in the country. In the article, "Democrats are taking credit for a remarkable feat: creating 3,236 new jobs in the program's first three months. " Many of the jobs last a week and after the job, seek employment. The article points out the Democrats are justifying the stimulus package by pointing out that jobs are being created.
When a worker leaves a job, they are unemployed. If the jobs last only a week, the stimulus is actually increasing the unemployment rate. Economists look at the rate of job separation to job separation plus job finding. My humble statistics show that 545,000 workers nation wide lost jobs last month [Fox and Friends, Thursday, July 30, 2009]. This means that the total negative changes in the labor force outweigh the positive changes so the unemployment rate increased.
Democrats in Oregon might want to reconsider what they call a "job" when reporting statistics as it might come back in unemployment statistics.
The popular comment layout is common, so it is easily recognized when scanning to post a comment. If the comment section is in a different format, then I am going to spend more time trying to decipher what everything means.
ReplyDeletepart time worker
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