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Gee, What a Shock

Well, the miracles of miracles has happened: Unemployment is below 8% according to reports this morning. Finally we can understand why Obama fared so poorly in the debate; he was just so overcome by the great news that he just could not share with us. Green shoots! 

This is baloney. Apparently, the revised number shows an additional 36,000 jobs in August and the September numbers came in at +114,000. When gas is over $4, heading for $5 in California, and signs around the economy continue …

  1. Edward Smith

    36,000 Jobs?  What is the Working Age population?

    Thin straws to grasp at, these.

  2. Michael Kelly

    No the 36k was in addition to the 96,000 jobs it already claimed we’re created for a grand total of 142,000 jobs in August and 144,000 in September. Frankly, I find all of this to be very convenient

  3. Edward Smith

    Here’s a link.

    Twice as many Government jobs as Construction jobs.  Interesting.  And the tone of the article is still negative.  So someone did not take the bait, maybe.

  4. Western Chauvinist

    Saw this coming 100 miles away. Give the great news to the law graduates selling shoes for a living (Amy Schley?). It’s like the bin Laden film coming out on the weekend before the election. Too little too late. Reality trumps wishful thinking.

  5. Austin Murrey

    U-6 is still 14.7% and the numbers don’t really add up – but don’t take it from me.

  6. Richard

    I can’t wait to see what that Koukis fellow has to say about the report.

  7. Michael Kelly

    To me it just reeks as a desperate attempt to try to shift the narrative away from the debate performance that Romney had and to make it more about how this Obama guy really does know what he’s doing.

  8. Michael S

    The Obama campaign and the unofficial Obama campaign are going to push this hard. “We’re on the right track.” Of course, when the next job report comes out on November 2 (four days before zero hour), probably showing an up-tick in the unemployment rate, it’ll be back to the “we inherited this mess” mantra.

  9. ConservativeWanderer

    This could be a net negative for Obama.

    Remember that these numbers are generally revised later on… and in this case, it’s all but certain to be revised upward.

    That revision will happen some time between now and Election Day, I imagine.

  10. DrewInWisconsin

    The Bureau of Labor Statistics is as politicized as anything in Washington.

  11. At The Rubicon

    I saw this coming a year ago.  Interestingly, all the numbers from other sources (ADP for example) pointed to a rise in the unemployment rate rather than a fall. I’ll bet that after his miserable debate performance Wednesday he called the Secretary of Labor and ordered some more books-cooking.

  12. Brian McMenomy

    The America people are getting more sophisticated about the “unemployment rate”.  We understand that workforce participation and U-6 unemployment are much better reflections of economic reality.  Does anyone actually think things got that much better in one month?  Really?

  13. liberal jim

    The unemployment rate is a result of 50,000 automated calls made in early to mid Sept.  The same survey showed 800,000 jobs created.  These numbers are not revised.  The Obama admin could have skewed the numbers by directing a larger portion of the calls to lower .unemployment states, but I doubt they did.  Career gov. bean counters are protective of their turf and the likelihood of one of them leaking would be high.  If you want to obsess on numbers follow the absentee ballot request trends in OH and early voting trends in Ia.  Both seem exceedingly positive for GOP.

  14. DrewInWisconsin

    This is an enlightening look at how the BLS seemed to be fudging data in order to assist the recall against Scott Walker last spring. (It’s a follow-up to this.)

    I don’t trust ‘em.

  15. Michael Kelly

    But what about the average voter? The very voter that many of us realize is just now paying attention and for whom a declining unemployment rate would invalidate some of Romney’s points from Wednesday. I know these numbers are B.S. but how does that get conveyed?

  16. Fricosis Guy

    It’s the dawn of a new “part-time workers who live in their mothers’ basements” boom. 

  17. ConservativeWanderer
    Michael Kelly: But what about the average voter? The very voter that many of us realize is just now paying attention and for whom a declining unemployment rate would invalidate some of Romney’s points from Wednesday. I know these numbers are B.S. but how does that get conveyed? · 4 minutes ago

    How does it play when the numbers are revised upward in a few weeks?

  18. Kay Ludlow

    One month of unemployment under 8% does not a recovery make.

  19. Michael Kelly

    @Wanderer, how often does the media cover the revision with the same fanfare with which this will undoubtably be?

  20. Boymoose

    PULL.jpg

    Pull the other one ……

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