Current Unemployment Numbers

According to the current CBO (Congressional Budget Office), as of January the current unemployment numbers are still in the 8.5% range and will more than likely remain in the 8% range for the remainder of this year and next.  The problem with this, as I see it, is that current number of people that are continuing on unemployment is about the same, if not more month over month. I will be curious to see what the revised numbers look like for January’s current unemployment numbers look like in the coming weeks.  I still think that at the end of the day:

  1. The numbers are wrong, as they only factor in those that are still looking for jobs that are eligible for unemployment.
  2. That the election is largely going to be decided by those that feel that the current Administration has done a good enough job and those that believe that another candidate could do a better job.

Every day that I drive to work, I think about several friends that aren’t as fortunate. They struggle to make it week to week. They are part of that number and they hate it, often times admitting how embarrassed that they are that they are out of work.  I am truly blessed.