Thursday, October 7, 2010

Jobs Report Prediction

Sorry I haven't posted much today people, it was a hectic work day and I was preoccupied at home...hey that DVD of Iron Man 2 isn't going to watch itself! But I did want to throw my prediction of the job report that's about to be unleashed on us tomorrow. I'm going to go out on a limb and say that we are going to see a bit of an uptick in the unemployment percentage. Probably to 9.8% maybe even 9.9%.

Now if you've been reading this blog for a while then you might want to think back aaaaalll the way to my second post. In it I talked about the supposed claim that the recession had ended and that we were truly in a state of recovery. I though it was BS at the time and I still do. But in that post I mentioned that there is a difference in the unemployment numbers we'll get tomorrow, which only factors in people out of work and actually looking for a job versus real unemployment, which includes everyone who has given up looking entirely or is working some crap job well below their previous pay grade. So I do think that we will see an increase tomorrow even with states attempting to pad their employment numbers by adding primary election poll workers, who literally only worked a day but are going to be counted as employed.

What does this mean for the upcoming election and Obama's future? That remains to be seen but if I'm right about tomorrow then it could be very problematic for the democrats and the president.