Friday, September 6, 2013

45,000 NET GAIN IN JOBS FOR AUGUST---WHERE IS THE OUTRAGE?

 CAN YOU HEAR THE DEAFENING SILENCE FROM THE ADMINISTRATION, THE MEDIA AND THE LIBTARD ANALYSTS OVER THIS JOBS REPORT?

From today's WSJ—Employers added 169,000 jobs in August and July's figure was revised sharply lower to 104,000, suggesting the labor-market recovery isn't gaining strength and potentially complicating the Federal Reserve's plans to start dialing back its support for the economy.

 In its monthly employment report released Friday, the Labor Department lowered the combined tally for job gains in June and July by 74,000. The nation's unemployment rate stood at 7.3% in August, down slightly from 7.4% in July.

On the other hand there's this report from CNS News.com - Although the national unemployment rate dropped from 7.4 percent to 7.3 percent in August, the number of Americans who actually held jobs during August dropped 115,000 from July.

The simultaneous decline in both the unemployment rate and the number of people with jobs was possible because the "labor force participation rate" dropped to 63.2 percent in August. That is the lowest it has been since August 1978.

So July's figures were much worse than originally reported, and the August NET jobs increase (Job gains vs Job losses) was only (gasp) ....... 45,000 Jobs!!!!!!

If this regime would stop playing with the job numbers we would see that our country is much worse off than the Clown-in-Chief says it is.  The real U/E number is closer to 16% if O-hole directed the BLS to use the same basis for comparison that was in use by prior administrations.
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