Posted on 09/07/2012 9:59:43 AM PDT by Kartographer
There isn't any way to spin this one; I looked, I studied, I read it twice, three, four times.
Facts are what they are, and the facts are that this report sucks:
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care.
Uh huh.
The reason the unemployment rate "edged down" is that 1.483 million people gave up and exited the workforce! The Department of Labor Lies doesn't count anyone who gives up any longer, so the "unemployment rate" is claimed to have decreased.
But what's worse is that there were a net 868,000 fewer people with jobs in August over July, despite there being 212,000 more people of working age in the population. That's right -- net-on-net over one million fewer people (adjusted for population change) were working last month.
If you were wondering why President Obama looked like an elephant had rammed him last night while he was on the podium and his usual "nose in the air" attitude was a bit more-subdued than usual, this is probably the reason.
(Excerpt) Read more at market-ticker.org ...
More charts. The report did suck.
From this article:
the employment rate for men (69.9%) is either “lowest since 1948” or “lowest ever recorded”.
Republican Racists may dive a little deeper into the labor figures and grasp that the situation isn't all that swell, but for the big opinion makers, the unemployment rate is dropping, and Obama has put America back to work.
Hope and Change Part I......look forward to Hope and Change Part II....=.=
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