The Labor Department reports that in the month of October, the American unemployment rate increased to 7.3% and 204,000 jobs were created.
The media and White House had been laying the groundwork to blame a lousy jobs report on the government shutdown, and by extension the GOP, but the 204,000 beat expectations, even though it is still a very weak number. Job creation needs to be somewhere around 150,000 to 175,000 just to keep up with the population growth.
http://newsbusters.org/
Unemployment Climbs to 7.3%
Discussion in 'News & Current Events' started by Revmitchell, Nov 8, 2013.
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Revmitchell Well-Known MemberSite Supporter
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Crabtownboy Well-Known MemberSite Supporter
And yes, in spite of the GOP forced shutdown, jobs were added.
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Let's start with real unemployment, which ticked up two-tenths to 13.8% from September to October.
There are approximately 159,645,000 people in the labor force, as of August 1, 2013, the most current number I could find. There were 850,000 furloughed government employees. They represent 0.0053% of the work force. Do you see the discrepancy here?? You could lay them off for a year and count them as newly unemployed every month of that year, and they wouldn't amount to a tenth of a percent of the work force.The Labor Department's "spin" is nothing more than a lie, the so-called MSM -- it ought to be changed to "MSL" for "mainstream liars" but the U.S. professional soccer league would probably sue for defamation of character -- perpetuate the lie, and you? Well, you just plain lie.
Got it? Who am I kidding? Of course you don't.
PS: As I posted this, the Great Pretender repeated the lie, saying "there is no doubt the shutdown affected unemployment." Somebody hand the idiot these numbers. Oh, wait, Bill Hemmer on FNC just quoted labor analysts at Heritage Foundation as saying "the shutdown had no discernible impact" on the unemployment numbers. Somebody, at least, tells the truth. -
CTB: The article missed a very, very important key factor: WHY did the job growth exceed expectations?
I know; do you? -
Revmitchell Well-Known MemberSite Supporter
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Crabtownboy Well-Known MemberSite Supporter
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Actually, I agree with CTB. A LOT of these new hires are seasonal workers, with retail businesses getting ready for the holiday season...which means exactly what?
That most of them are part-time; and that most of them WON'T be in the job force by January 15.
Not to mention: The shifting of businesses from full-time employees to part-time employees in order to compensate for ACA costs.
So the job growth numbers? Let's see what things look like after January...in the meantime, feel free to continue to try to explain away the increase in unemployment.