As long-term jobless benefits expire, unemployment rate will drop. Those who simply give up looking for work drop from sight and need no longer be counted. Gee, I wonder if the Messiah is aware of this?
A drop in unemployment may help President Barack Obama’s re-election chances in November. Only one president since World War II, Ronald Reagan, has been re-elected with a jobless rate above 6 percent. Reagan won a second term in 1984 with 7.2 percent unemployment in the month of the election, after the rate had fallen almost three percentage points in the previous 18 months.