[I want the USA back]

What is sad is seeing people think that a change from just over 8% to 7.8% actually means something. That’s about a 4% change. The overall job picture is dismal, and a 4% change is not anything to crow about.

[Snuph]

I think it has been overwhelming proven the entire BLS report today is bogus. A fiction to inspire the ignorant to rally to their prophet.

[Joe 6-pack]

"What is sad is seeing people think that a change from just over 8% to 7.8% actually means something."

I agree that: 1. The 7.8% is total contrivance, and 2: the hard numbers measure little real difference.

Having said that, some numbers and report benchmarks have psychological effects way out of proportion to their actual differences.

On any business's bottom line, there are only $0.03 on the balance sheet that differentiate a profit, breaking even and a loss. In academics, 1% can differentiate a passing from a failing grade.

The "big deal" with 8% unemployment is that it was a stated objective of the Obama administration, and if the 7.8% was a real number, Obama could credibly state that he had delivered on his promise to get unemployment below 8%.

[hinckley buzzard]

Well, a 4% change in one month would be a spectacular difference. The problem is, how do you explain all those hundreds of thousands of new jobs when the GDP was flat as a pancake? The economy is dead in the water but jobs are appearing out of nowhere by the hundreds of thousands. And the commissars want us to swallow this spew without questoning.