The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Lackluster jobs report is too good to believe||Date: 10/5/2012 1:16 PM|
|Author: PeterRabit||Number: 1821457 of 2146732|
Or at least that is what the Republicans would have us think.
“Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers,” Welch tweeted
As Betsey Stevenson, former chief economist at the Labor Department and a Bloomberg View columnist, tweeted: "Anyone who thinks that political folks can manipulate the unempt data are completely ignorant about how BLS works & how data are compiled."
Today's unemployment report was chock-full of good numbers, but it was not a Hail Mary pass. The economy added 114,000 jobs last month -- a strong showing indeed but still barely enough to keep up with the number of people who want to work. It also included some dark clouds, including the long-term unemployment rate, which was little changed at 4.8 million. That means 40.1 percent of the unemployed -- or two out of every five job-seekers -- have been out of work for six months or longer.
In fact, the report was so lackluster in the eyes of Republican presidential nominee Mitt Romney that he sent an e-mail blast saying, "This is not what a real recovery looks like."
The Pubs do score high on amusement factor.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|