by the Obama Administration?
What implications will this have on Obama’s poll ratings if any!
Sure, if you're a conspiracy nut or you're a partisan republican shill
There are lies, damn lies and statistics. When people run out of unemployment benefits they are no longer counted as unemployed. Therefore the rate goes down if benefits are not extended.
Um, if you shoot the people that have no jobs....
The Obama administration cannot fix the economy, as much as they would like to. No president can. That is why it is so funny that everyone plans to "fix" it. Obama's poll ratings are pretty sad anyways because he didn't keep his promise to improve the economy, not that he could anyways. However, "it's the economy, stupid" so because it is kinda sucky right now with unemployment and the government borrowing against the future, you can expect a republican to take office.
none of the other people have answered you correctly. yes, the unemployment rate can go down new arewhen no new jobs are created. this is just pure economics, and not politically inclined.
Let's say X number of people are willing to work a job for $10 per hour. The average rate of pay, in this economy, is $9 per hour. Some percentage of X will LEAVE THE WORKFORCE -- meaning they have no jobs, but are not looking for any at $9 per hour. They are thus NOT unemployed, but rather out of the workforce.
Economically, when no new jobs are created and the demand for jobs goes up, the price of labor (wage required) goes down for the worker. It is then the choice of the individual (worker) to decide if he or she wants the job. Some people will choose not to accept the lower pay, and leave the workforce. If you are unemployed but not looking for a job, then you have no impact on the unemployment rate. Unemployment rate is defined as a relationship between the number of jobs available and the number of people seeking THOSE jobs.
Ex. A doctor requires $90,000 per year. The going rnew areate for a doctor in this economy is $50,000. The doctors who are willing to work for $50,000 per year but can't find a job are UNEMPLOYED. The doctors who require $90,000 per year and are offered a job for $50,000 per year AND DO NOT TAKE IT are NOT UNEMPLOYED -- they are out of the workforce.
Many dual-income families have individuals who fall into such a category.
Another example: 10,000 people are unemployed, and each person is seeking a job that pays $50,000 a year. 10,000 people enter the workforce and require $50,000 per year. The latter 10,000 people will take the available jobs, and the former will leave the workforce. That means that no net change has occurred. The unemployment rate will actually decrease in this scenario, and no new jobs have been created.
Economics is one of the most sophisticated doctrines out there. You must understand how it works in order to apply it to politics.
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