ONLY 95,000 NEW JOBS - A DISASTER; WE SHOULD HAVE 250,000 EVERY MONTH.
BUT THE RATE WENT DOWN. FROM 8.3% TO 8.1%.
WHY?
Even NPR felt the need to note the statistical anomoly:
Meanwhile, the nation’s unemployment rate edged down to 8.1 percent from 8.3 percent the month before. Often, the jobless rate dips even when employment growth is weak because the size of the labor force shrank as many Americans gave up looking for work.
Put today’s report in the context of last night’s vitriolic speeches, by Biden in particular, and you realize the complete disconnect this administration has to reality.
Update: James Pethokoukis notes:
– If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.2%."OBAMA MUST GO.
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