Unemployment

You can't actually believe all the statistics regarding unemployment any more as they have been jiggered to make politicians look good since the great depression. Still, Gallup is reporting a 1.2% jump in unemployment from 7.7% to 8.9% over the last 30 days. This seems like a mighty big number

There are multiple possible reasons for this. One is that General Motors finally went terminally broke and canned everyone. This would have made the news.

Another is that all the propaganda about the Summer Of Recovery reached the discouraged workers and brought them out from whatever rocks they've been hiding under to look for work. It could happen. The 5th time might well be the charm.

Could also be the impact of Obamacare which is causing employers everywhere to reduce payrolls and switch people from full time to part time.

That would be about 1.85 million new unemployed suddenly appearing. Wonder where they came from?