The Obama Administration's Fake Unemployment Numbers: Means Hundreds Of Thousands Lose Unemployment
May 12th, 2012
Conservative Refocus Notes: The touted US unemployment numbers being used are as fictional as Obama's promises. It's not rocket science, it s simply that the numbers are predicated on the amount of available job positions.
The Lowering of the number of available job positions as opposed to the number of given job-seekers who haven't given up, means the 8.1% number is nothing more than pie-in-the- sky fakery.
However, now the fakery takes on a different meaning when the states have begun chopping unemployment benefits due to the supposedly lessening unemployment percentages as predicated by the BLS.
The story below tells us why this is so, but nearly 100,000 Californians are losing their unemployment, on the basis of pure unemployment fiction, so that Obama will look good. This is, in fact, happening all over the US over the next several weeks.
By John Cádiz Klemack and Neil Costes
Mathew Pauley is among the 93,000 people in California set to lose unemployment benefits on Saturday, May 12. “I thought I didn’t have to worry, I was already getting the federal extension,” he says. Experts say the looming cut off is a double edged sword: the state’s extension is being nixed because the unemployment rate has been holding steady, but for thousands of unemployed workers, the cut off is not as rosy. John Cádiz Klemack reports from Sherman Oaks for the NBC4 News at 5 p.m. on May 11, 2012.
Thousands of California residents are about to lose their federal unemployment benefits because of the loss of a federal extension.
Mathew Pauley is among the 93,000 people in California set to lose benefits on Saturday. Until recently, he thought he had two remaining months of benefits.
"Thought I didn't have to worry, I was already getting the federal extension," Pauley said.
That extension, known as FED-ED in California, won't be available after May 12, reducing the total number of weeks that Californians can collect benefits from 99 to 79.
The end of the extension is actually good news for the state because it means California's economy is getting better, said Loree Levy of the California Employment Development Department.
"In order for the state to qualify for the program you have to have a high unemployment rate," Levy said. "Certainly California does have a high rate, but it's not 10 percent higher than what it's been over the last three years, and that is a requirement of the program."
The state's unemployment rate sits at 11 percent, which is better than what it's been, meaning there are jobs out there, but job seekers like Pauley are having trouble finding them.
"Where are these jobs that are supposed to be here?" he said.
Like many others, Pauley is afraid he might lose his home if he doesn't find work soon.
"To tell you the truth, I don't know," Pauley said. "I'm just taking it one day at a time."
Top news; Southern California Style