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October 05, 2012

Unemployment Rate Falls Below 8% For First Time In Three Years; 114,000 Jobs Created

Obama's big happy shiny news here is the drop of the unemployment rate from 8.1% to 7.8%.

The labor participation rate finally stopped falling, and inched up slightly by 0.1%.

Revisions, Revisions: They revised job creation numbers for the past two months by around 40,000 per month. A commenter says they actually revised for the past three months, but I didn't see that last revision.

On CNBC, the liberal-seeming analysts are joking that of course Obama blew off his debate, he had this awesome 7.8% unemployment rate month coming.

Yeah. Pretty super.

Jack Welch: Obama's Manipulating Numbers. Hey, we were all thinking it.

I'll be interested to see an analysis of the data.

Via Hot Air, some "contradictory" numbers.

Anyway, after almost four years, Obama's managed to reduce the unemployment rate... to what it was when he assumed office.

Yay?

posted by Ace at 08:36 AM

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Yeah, My Bad » October 05, 2012 Unemployment Rate Falls Below 8% For First Time In Three Years; 114,000 Jobs Created Obama's big happy shiny news here is the drop of the unemployment rate from 8.1% to 7.8%. The labor participation rate finally stopped falling, and inched up slightly by 0.1%. Revisions, Revisions: They revised job creation numbers for the past two months by around 40,000 per month. A commenter says they actually revised for the past three months, but I didn't see that last revision. On CNBC, the liberal-seeming analysts are joking that of course Obama blew off his debate, he had this awesome 7.8% unemployment rate month coming. Yeah. Pretty super. Jack Welch: Obama's Manipulating Numbers. Hey, we were all thinking it. I'll be interested to see an analysis of the data. Via Hot Air, some "contradictory" numbers. Anyway, after almost four years, Obama's managed to reduce the unemployment rate... to what it was when he assumed office. Yay? posted by Ace at 08:36 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Seems Legit: "How odd, I thought everyone understood that electr ..." rickb223 Gold & Silver Spot Prices [s][/b][/i][/u]: "You’d think they would’ve come up with ..." Commissar of Plenty and Lysenkoism in Solidarity with the Struggle : "MiG-29 has two sets of intakes Bonus hole. ..." It's me donna : "270 242 To be fair, Elon did advise that there isn ..." 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