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Will Obama get a second term?

Will Obama get a second term?

  • Yes

    Votes: 22 57.9%

  • No

    Votes: 16 42.1%
  • Total voters
    38
DontDoIt said:
There was a big thread on it back in February on here, I couldn't find it, I'll look here in a minute, but there was reportedly around 500,000 jobs lost in February which "dropped out of the working force, and was considered no longer looking for work"

The Employment Disappearing Act: Where Did 500,000 Jobs Go? - WhatTheyThink
Unemployment Rate Drops to 9% (if you believe it) but 504,000 drop out of the labor force | Scotty Starnes's Blog
January 2011 Unemployment Rate Drops Due to Labor Force Drop of 504,000, Not Due to People Finding Jobs | Grownup Economics
Click to expand...
Ok, I see now ... the 500,000 dropped from the labor force was for January, not February. Thanks for clarifying.

Regardless, I factored those dropped from the labor force in the drop in unemployment. After factoring the drop from the labor force, unemployment still fell by more than half a million. That is why the unemployment rate has been dropping over the last few months.

Looking at January alone:

Unemployment fell by 622,000 (BLS.gov: unemployment level)
Not Labor force increased by 319,000 (BLS.gov: not in labor force)

Net was a decrease in unemployment of 303,000 -- this led to a decrease in the unemployment rate of 0.4 percentage points to 9.0%.
 
If Bush can do it in 04
Obama will make it a breeze.
But remember we really dont "elect" the President...
 
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