The above link makes the point I made about four months back -- when the administration says we have made progress in the job market because since Obama took office we went from over 700,000 jobs losses in a month to job gains, they are being dishonest.
What happened is that companies acted in unison to shed jobs, and that 700,000 loss couldn't continue from month to month or all jobs would be lost. Since that giant shedding of jobs, each month we are below 100,000 job gains, and because of population growth we are adding to unemployment -- it's a cumulative effect.
It can't be stressed enough how the administration is telling a "royal lie" when they paint the picture of progress in the job market. It's propaganda, pure and simple.
I recently proposed we might be simply adjusting to the reality of our economy and government intervention and there's no recovery in sight, and that we're reaching a new level which shows high unemployment that could be with us for over 10 years unless free market principles are implemented.
If the mid-term elections create a split government with Republicans taking over congress, and if the Republicans fight against more government intervention and fight to lower busines taxes, this could spur investment and kick off expansion and hiring.