"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Friday, October 05, 2012

DO TODAY'S EMPLOYMENT/UNEMPLOYMENT NUMBERS MAKE SENSE?

NO; THEY DO NOT MAKE SENSE - NOT TO ME, NOT TO SANTELLI AND NOT TO JACK WELCH.

THEY ONLY MAKE SENSE POLITICALLY.

WHY? SIMPLE: 
  • EUROPE IS IN RECESSION.
  • ASIA IS TEETERING DOWNWARD.
  • PEOPLE AREN'T BUYING MORE THINGS - AND ENERGY AND FOOD ARE MORE EXPENSIVE THAN EVER.
YET WE ARE SUPPOSED TO BELIEVE THIS:
The U.S. unemployment rate plunged to 7.8 per cent, the lowest since January 2009, as the number of Americans saying they have jobs increased by more than 870,000 in September from the previous month. 
All year, the unemployment rate has been stuck in a range of 8.3 per cent to 8.1 per cent, as it was in August. Unlike recent dips in the unemployment rate, the September drop was the result of more people telling a government survey of households that they have jobs. Last month, the jobless rate dropped because thousands of people gave up looking for work. 
The improvement in the unemployment rate could be a boon for President Barack Obama, who is trying to regain his campaign footing after a lacklustre performance in this week’s first of three presidential debates.
SO:

WHERE DID THESE 870,000 NEW JOBS COME FROM?

OUT OF AXELROD'S ASS.

3 comments:

Unknown said...

Is there a credible, non-political, explanation for how 114,000 nonfarm payroll jobs created resulted in a drop in the unemployment rate from 8.1% to 7.8%? Article at RantFinance here: http://bit.ly/SBEHBK

FreeThinke said...

No one seems to be mentioning the Dow Jones Industrial Average which as just about doubled during the Obama Regime.

Since I, as a 72-year-old retiree who always worked freelance, derive 90% of my income from interest and dividends on investments, market performance is of paramount interest to me.

I'd like to hear what others have to say about this curious phenomenon.

WHY is the stock market doing so much better tan any OTHER sector of the economy?

What does that MEAN?

~ FreeThinke

Reliapundit said...

DEAREST FREE THNINKE:

QE 1 AND QE 2 YOUR FECKING MORON!