Posted on 10/05/2012 10:39:28 AM PDT by Lakeshark
Is this the Obama October Surprise?
Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isn’t. Not at all.
1. Yes, the U-3 unemployment rate fell to 7.8%, the first time it has been below 8% since January 2009. But that’s only due to a flood of 582,000 part-time jobs. As the Labor Department noted:
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
2. And take-home pay? Over the past 12 months, average hourly earnings have risen by just 1.8 percent. When you take inflation into account, wages are flat to down.
3. The broader U-6 rate — which takes into account part-time workers who want full-time work and lots of discouraged workers who’ve given up looking — stayed unchanged at 14.7%. That’s a better gauge of the true unemployment rate and state of the American labor market.
(Excerpt) Read more at aei-ideas.org ...
Have at it.
Total Horse Shit!
The jobs report for the entire month of September was above 8% for each and every week.
If I recall it was 8.1-8.2% and now they have a full .3 percentage drop?
Sure!
Obama Labor Secretary Hilda Solis “Offended” By Skepticism The Unemployment Numbers She Released Were Cooked…
Just a coincidence the unemployment rate dropped sharply to a 44 month low one month away from the election?
Video: http://weaselzippers.us/
THEY COOKED THE BOOKS...again!!
only a person who is voting for Obama is going to believe this.... it’ll be revised next week.
He might as well said it was 5%....
Rush had it right. The "unemployment rate" would magically go down just before the election. The Obama stooge media will obsequiously parrot this propaganda to try to prop up the empty suit.
It is all BS, bovine scatology. It is a huge lie.
We saw the REAL Obozo earlier this week at the debate without his teleprompter crutch. THAT is the real level of competence we have in the White House right now. He is deer in headlights.
As El-Rushbo said today, in order for the unemployment to drop .4 we would have had a 4-5% economic growth rate, that’s ri-god-damn-diculous! With at least a million people fallen off the employment rolls, beaten, giving up and throwing in the towel? The regime has stooped to forcing their Gubmint lackeys to flat out lie!
How bad does an administration have to be to go around bragging about 7.8% unemployment??......
Exactly.
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