Friday, October 5, 2012

Ta Da! Unemployment is down!

If the people who are still employed and doing the full-time jobs of the three people who were let go would swallow this, Obama won't look like a liar. The Wall Street Journal didn't buy it.
The reality is that more than three years into this weakest of economic recoveries, 12.1 million Americans are still out of work—nearly 23 million by the broader definition that includes those who have stopped looking or can't find full time work—and the labor participation rate is still down to 1981 levels at 63.6%. Hooray! Of the 114,000 new jobs, 104,000 were in the private economy, and all of the 86,000 in upward revisions for July and August came in government jobs. Job growth for 2012 has averaged 146,000 a month, which is down from 153,000 in 2011.
You know what's troubling? Harry Reid an the democrats let extended benefits exhaust, setting Americans up to run out of benefits so Obama could appear to be heroic. They set people up to run out of benefits right before the election. The exploiting hungry and desperate people so Obama could get good press. Disturbing.

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