Despite President Obama’s highly-publicized jobs summit late last week and a slight drop in the national unemployment rate to 10%, Americans remain pessimistic about the jobs situation.
A new Rasmussen Reports national telephone survey shows that 67% of adults think the unemployment rate will be the same or higher a year from today. That includes 29% who believe the unemployment rate will be higher than it is now and 38% who expect it to stay about the same.
The Labor Department is hurrying to correct inaccuracies in its monthly employment statistics that could cause the Obama administration big problems early next year.
Those corrections, however, will probably also eliminate the inevitable -- and unsubstantiated -- employment gains that come during springtime.
We now know that the job gains reported by Washington this past spring were an illusion.
Early in 2010 the Labor Department will subtract about 824,000 jobs from its official count in what is called a "benchmark revision" to more accurately reflect the jobs that weren't created this past spring.