So, last week, the Dems were touting how wonderfully the “stimulus” was working when there was a drop in unemployment numbers. OK, fine… $300 billion and 10 months later, we get a 0.2% drop. But, come January and February, I challenge them to take the same credit.
Why?
Being a former employer who laid off 22 people over 12 months, I can tell you that the vast majority of employers are not as heartless and cold to lay off staff 30 days before Christmas. Sure, it happens, I let three go in November 2008. Christmas was a piece of crap in my house…I couldn’t enjoy it at all. Result – fewer layoffs in November 2009 than the rest of the year.
It is, after all, the Holiday season. Despite a slow economy, sales at stores pick up from typical levels during this time of year. Retailers hire temporary help to make sure they can handle the load. You can’t keep unemployment benefits when your employed, even temporarily. Result – fewer claims to the benefit pot.
With the month of December upon us, unemployment will probably drop again. And again, the Holidays will drive this.
My prediction is this: Unemployment will start its climb upward again for the January jobs report announced in early February. It will go up again in February and March. From there, it will plateau as more and more people drop off the benefits rolls because they’ve been on too long. But, there won’t be jobs added to the economy until the Socialist Wish List of the Dems is burned.
I would not be surprised to see 11% unemployment come April…if not sooner. So, will Dear Leader and his boys step up and take credit for that too? Doubtful, a B+ student would never jeopardize his grades.
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