“The good news in the rising jobless rate”
That’s the CNN/Money headline LOL!
If you based it on the same labor participation rate as when Obama took office... the unemployment rate is much higher.
The Bureau of Labor Statistics released the October jobs report today showing that the labor market has only gotten worse since President Obama was sworn into office.
The number of unemployed Americans rose by 170,000 in October and the unemployment rate rose to 7.9 percent. When Obama was inaugurated in January 2009 unemployment was just 7.8 percent.
Overall the number of unemployed Americans is up by 209,000 since Obama took office.
“Overall, the number of UNEMPLOYED Americans is up 209,000 since Obama took office” ????
How can this author possible say that?
Just in October, New unemployment claims exceed the ‘new jobs’ number by 1,298,000.
This whole article is bogus!!!!