When did the “In The Tank” Media switch the statistical calculations to Jobs Created or Saved? Obviously, about one year ago. But is that a fair assessment of what is really going on with employment?
Of course not. Even in the best of times new jobs are created and lost. The only valid measure is NET jobs. To focus on jobs created, as this administration likes to do, means that in good economic times, jobs lost somehow has a significance.
The job market changes. It is constantly in flux. New advances and trends make things obsolete. This includes jobs. As LP records (big black CD’s as my kids call them) gave way to 8 Track Tapes, which became cassette tapes, CD’s and now MP3 players, jobs were lost and jobs were created. How is it valid to publicize the jobs created and ignore the jobs lost.
And how valid is it for a President to lay claim to creating those jobs?
Somehow, fewer job losses than the previous month is seen as a good sign, and numbers touted are not the unemployment numbers, but the percentage of decrease compared to the previous month. This becomes a positive percentage (unemployment declines 10% over last month). BUT JOBS WERE STILL LOST! Yet many believe we are on the positive side of zero job growth. They are tricked into thinking less of a loss is actually a gain.
Fewer losses is a good thing, to be sure. But the way it is presented is deceptive. Do baseball fans celebrate a 1 run loss because it is better than the previous game’s 2 run loss? Of course not. They know a loss is a loss. Could you imagine the Philadelphia or New York papers declaring victory because the margin of victory by the other team was cut in half?
Until the numbers return to positive, a loss is still a loss.
The “In The Tank” Media and the Obama Administration are intentionally and brazenly deceiving the American people.
And jobs saved? Are you kidding me?
It’s the net jobs, stupid.