Are today’s jobs and unemployment numbers as good as they seem? Some think not, and they have some valid points. Our previous post pointed to the obvious good news for US economy, workers and President Obama’s election prospects. It is this last point, the coming elections at year end that makes the glass is half full or half empty debate ever more relevant, heated but this time both sides have legitimate points. We made the case mostly for glass full: Read – “US Economy & Obama on Rebound, Again?” - diplomaticallyincorrect.org/films/blog_post/us-economy-obama-on-rebound-again-by-ambassador-mo/43431. I also pointed out the potential bad news including continued Eurozone uncertainty, chronically underemployed as well as unemployed and a large number of people dropping out of labor force ("participation rate") being major contributor to the lower unemployment rate. Glass Half Empty: Here, Daniel j. Mitchell writing also this morning for Cato Institute – “Cato@Liberty” does a comprehensive and fair analysis from perspective of glass is half empty and chart above delivers his message with clarity: “If the unemployment rate drops because hundreds of thousands of jobs are being created each month, that’s obviously good news. But if the jobless rate falls because the government estimates that lots of people have become discouraged and dropped out of the labor force, then that’s not good news. In other words, sometimes the unemployment rate, by itself, doesn’t tell the full story.” Read more of Daniel J. Mitchell’s article at - "New Unemployment Numbers Are Good News for the White House, but the Silver Cloud Has a Dark Lining" - www.cato-at-liberty.org/new-unemployment-numbers-are-good-news-for-the-white-house-but-the-silver-cloud-has-a-dark-lining/#more-42198 Marginalization of Democracy & Seeding Social Discord? This debate needs to be heard, but not just in context of US pending elections. There is a growing argument that the globe is faced with excess labor. Some apply such consideration in trying to convince workers, particularly in developed countries, that they can no longer expect same job security, compensation and benefits, particularly face with lower cost labor in more autocratic and/or developing countries. The repercussions are dangerous to our American democracy, egalitarian society and social peace and beyond immediate economics including:  Level playing field in political process -will working class be marginalized;  Spending on social programs for families/children as well as unemployed & potential retraining of “excess labor” workers; and  Potential implications for social stability/peace. “International Financial Crisis” Channel - diplomaticallyincorrect.org/c/international-financial-crisis By Ambassador Muhamed Sacirbey Facebook Become a Fan at “Diplomatically Incorrect” Twitter – Follow at DiplomaticallyX