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American Government Lecture Four (view source)

Revision as of 21:48, October 7, 2012

987 bytes added ,  21:48, October 7, 2012
better, with skepticism towards unemployment rate
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=== Department of Labor ===
 
=== Department of Labor ===
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The Department of Labor handles issues relating to the labor force in America, such as announcing the unemployment rate on the first Friday morning of each month.  This created enormous attention last Friday, October 5th, because the number decreased unexpectedly from 8.2% to 7.8%.
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The Department of Labor handles issues relating to the labor force in America, such as announcing the unemployment rate at 8:30 am Eastern Time on the first Friday morning of each month.  This created enormous attention last Friday, October 5th, because the number decreased unexpectedly from 8.1% to 7.8%.
    
Why was that significant?  Because the lower the unemployment rate, the easier it is for the incumbent (President Obama) to win reelection.  Mitt Romney and his supporters were not pleased by Friday'a announcement.
 
Why was that significant?  Because the lower the unemployment rate, the easier it is for the incumbent (President Obama) to win reelection.  Mitt Romney and his supporters were not pleased by Friday'a announcement.
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The Department of Labor, like many other federal agencies, also compiles and produces enormous amounts of data about who does and does not have a job in the United States.
 
The Department of Labor, like many other federal agencies, also compiles and produces enormous amounts of data about who does and does not have a job in the United States.
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To illustrate George Orwell's observation that "all issues are political issues," some questioned whether last Friday's announced numbers were correct, or the result of political manipulation in order to boost Obama's reelection chances.  Alan Krueger, chairman of the White House Council of Economic Advisers, responded by saying that "No serious person ... would make claims like that."<ref name="Boston">http://www.boston.com/news/nation/2012/10/06/officials-reject-conspiracies-unemployment-rate/afH0N3vbceJDlNioGP7HfM/story.html</ref>  But the former Chief Executive Office (CEO) Jack Welsh did make that claim, tweeting on Twitter within minutes of the announcement:  "Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.<ref name="Boston"/>  The monthly unemployment rate is based on speaking with about 60,000 American households.  The rate does not include people who have given up on looking for a new job.
    
=== Department of Education ===
 
=== Department of Education ===
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