The numbers are in for November unemployment based upon the payroll companies. They show a loss of 169,000 jobs for the month. This is worse than the 155,000 expected by the consensus of economists, but, more important, they continue the major job losses of the last year.
Despite the continuing losses, the numbers got portrayed in the media as an improvement in the economy. After all, we lost fewer jobs in November than in October. Isn't it time for the numbers of jobs to start going up? Every month, new people join the job market and fewer jobs exist. Every month it gets harder and harder to find a new job. Every month we hear about how things are getting better and about all the jobs created or saved by the stimulus. The truth is that there is no credible evidence that any jobs were created by the stimulus outside the government. There is also no proof that any jobs were saved. so for three quarters of a trillion dollars, Obama created about 10000 jobs. What a fiasco!
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