![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/RushDrudgeUnemployment8_6.jpg\"\/)
RUSH: I don\u2019t want to be an I told you so, but I told you so, and I told you so five weeks ago. Gallup, every week, puts out their own unemployment numbers and Gallup has been signaling that this day unemployment below 9% was coming. They\u2019ve been blatantly saying so, based on their own unemployment data, which is not related to the Bureau of Labor Statistics reports. It\u2019s their own surveys; and in the last five weeks, occasionally they will say that their numbers that they come out with on a Wednesday or Thursday indicate that we\u2019re getting very close to a Bureau of Labor Statistics unemployment number of under 9%. I said, “The regime needs this, and when we finally get to under 9%, it will be eight-point-something, but the point-what won\u2019t matter. The only number that\u2019s going to matter is the eight.<\/p>\n
Well, Happy Holidays. They don\u2019t do Merry Christmas in the media. But we\u2019re back, it\u2019s done, they got the headline: “Unemployment, 8.6%!” Now, the truth of the matter is — and Bloomberg News even points out that the only way — it\u2019s a corrupt number. It is a corrupt number. Folks, the number of people who have quit looking for work in the last few weeks is 315,000. Those are the people have thrown up their hands after 99 weeks or more of being unemployed; and they\u2019ve said, “I\u2019m quitting. I\u2019m not looking.” So they\u2019re not counted. Therefore, the universe of jobs available in the country is down by 315,000. That is the labor force participation rate. The labor force participation rate is a meager 64%. It fell to 64% from 64.2%. So the 0.2% drop equals 315,000 people leaving the workforce. <\/p>\n
That means there are 315,000 fewer jobs to have, so the universe of jobs has been steadily shrinking. What was the number of jobs created? It\u2019s 120,000 jobs. It\u2019s 120, 126,000, whatever. That\u2019s in the ballpark. That number of jobs created can lower unemployment rate 0.4%, almost one half of a percent? Creating 120,000 new jobs can do that? That alone tells us how small the labor force participation rate is. That tells us how small the universe of available jobs in the country is, when creating 120,000 — and we still have, don\u2019t forget, over 400,000 applications for unemployment compensation reported yesterday. So just 120,000 new jobs can lower the unemployment rate almost a half a point. That\u2019s not possible without that 315,000 figure, the 315,000 people who have just walked away. <\/p>\n
Bloomberg News is even reporting this means that more people left the workforce than got jobs. Now, stop and think of this. More people left the workforce than got jobs, and the unemployment rate goes down? We\u2019re dealing here with a serious form of corruption, manipulation of data; but, we all knew it was coming. After all, we\u2019re talking about the regime. We knew this was coming. We know the fact, we know the histoire, that no president\u2019s been reelected with an unemployment rate higher than 8%. So here we are 11 months away from the next election, voila! Heading into the Christmas, slash, holiday season, and we\u2019re at 8.6%, the 0.6 doesn\u2019t matter, we\u2019re at 8%. And the media is having orgasms out there, O-gasms. <\/p>\n
But everybody in the country knows the economy is not growing, that new jobs are not being created a massive, robust way that signals, or feels like economic growth. But the sad thing is that all these details that I have provided — probably, sadly — won\u2019t even matter because the regime has gotten the headline that it wanted. It got 8.6. The regime got unemployment 8.6%. That\u2019s what they wanted; that\u2019s what they got. All these other details are irrelevant. Now, this is the U3 unemployment rate. The U6 unemployment rate counts the 315,000. The U3 is a government marker. U3 is what is reported. The U6 unemployment number counts the 315,000 who have given up looking for a gig. The U6 unemployment number is around 16, 17% — and that\u2019s real unemployment. <\/p>\n
![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ObamaUnemploymentNOPERCENTBACK.jpg\"\/)
No longer counted, is what that means, as being unemployed. No longer counted as being alive in terms of the Bureau of Labor Statistics. When you quit looking for a job, you\u2019re only counted in that U6 number, which is not the one that\u2019s reported. The U3 number is. So you drop out of the system altogether, you\u2019re no longer counted by the Obama regime. A mere 126,000 job increase drops unemployment rate almost one half of a percentage point. This is nothing more than the government manipulating the real work situation that exists in the country. It\u2019s all calculated to create a false impression of economic recovery and a healthier job market. It\u2019s truly outrageous — and watch how the Obama media cronies regurgitate this propaganda for the most part. Watch how they\u2019ll all fall in line. You\u2019ve probably heard it already this morning. I have examples of it here in the sound bite roster, but I don\u2019t… Ah, I\u2019ll probably play a couple of them just for the fun of it.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Let me give you another way of illustrating what the regime did to get to this unemployment number, and it is very similar to how baseline budgeting works. Another way of looking at this is this. You had 120,000 jobs that were created. You have 315,000 people who dropped out. What you do is add those together and you get a number 435,000, and that 435,000 the government today says are no longer unemployed. So 435,000 jobs created… No. No, no. Let\u2019s not go that far. So, 435,000 people no longer unemployed results in an unemployment rate dropping from 9.0 to 8.6. See how that works? This is what they do. This is what they did.<\/p>\n
This is how it happens: 120,000 people find work, 315,000 quit looking; those 315,000 are no longer called unemployed. That\u2019s the U3 clarification, qualification. U3 is made up of people looking for work and people who have lost their jobs and so forth. The 315,000 stop looking. They are added to those who are unemployed, and you get a grand total of 435,000. That\u2019s how it happens. It\u2019s almost a dead returning for the fraud and the misleading way that budgeting is done, baseline budgeting, such as there are never any cuts. Even with the super committee, there aren\u2019t gonna be any cuts in spending. There are just going to be reductions in what was projected to be spent. <\/p>\n
They\u2019re still gonna spend more, just not as much as was projected in the current services baseline. That\u2019s what it\u2019s actually called: Current services, meaning what is at present being spent is the baseline. Not zero, but what\u2019s presently being spent or at present. And then if you add 10% to what is being spent as a projection, it\u2019s what we\u2019re gonna spend next year and you only spend 7% of it, “Oh, no, that\u2019s a 3% cut in that department! That\u2019s a Draconian cut of 3%. We were gonna spend 10%, and you\u2019re only gonna spend 7%!” It\u2019s a 3% cut. That\u2019s how baseline budgeting works. It\u2019s the same thing here with the unemployment number.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Here\u2019s Mary in Chicago as we go back to the phones. Great to have you with us. Hello.<\/p>\n
CALLER: Hi, Rush. Thank you for taking my call. It\u2019s an honor and a pleasure to talk to you.<\/p>\n
RUSH: Thank you.<\/p>\n
CALLER: I had a question for you regarding that 8.6% unemployment rate that was reported. I was wondering if you know whether there are other government programs that people are taking advantage of and switching over. There aren\u2019t too many people like your first caller who is obviously very honorable and doesn\u2019t want to accept disability payments. There\u2019s a lot of people who want to take advantage of the system and perhaps two years of unemployment is not enough, so they figure, “Hey, let me get on a better plan, maybe I can get on Social Security disability in addition to some food stamps and some other programs and take advantage of the government that way.” Do you have any information on what the statistics are on those other plans?<\/p>\n
RUSH: Well, in relation of one program to the next, no. But I can tell you that the number of people on food stamps is at an all-time high, and we\u2019ve gone up. Just in the years that Obama\u2019s been president we\u2019ve increased it by 5%, I think it\u2019s from 20 to 25% or 40 to 42. It\u2019s 44.5 million people, and more than one program these people are availing themselves of — and by design. It\u2019s the Democrat Party buying votes via dependency.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: I don\u2019t want to be an I told you so, but I told you so, and I told you so five weeks ago. Gallup, every week, puts out their own unemployment numbers and Gallup has been signaling that this day unemployment below 9% was coming. They\u2019ve been blatantly saying so, based on their own […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n