Creating jobs Quote by Thomas Sowell
““President Obama keeps telling us that he is “creating jobs.” But more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many people have stopped looking for jobs. You are only counted as unemployed if you are still looking for a job.””
About This Quote
Source Book: Economic Perspectives, 2005
Job creation claims mask declining employment; many are not counted because they stopped looking.
In simple terms: Job stats can be misleading due to discouraged workers.
Key Takeaway
Look beyond headline numbers.
Themes
economics
employment
statistics
Mood
analytical
critical
Type
economic
political
When to use this quote
- government reports
- job fairs
- career counseling
Key Concepts
labor market
policy analysis
Questions to Reflect On
- How should policymakers address discouraged workers?
- What alternative metrics matter?
A Different Perspective
Unemployment data may misrepresent reality.
