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|Subject: Re: Facts--You HAVE To Believe 7.8%||Date: 10/7/2012 2:03 AM|
|Author: CCinOC||Number: 1821941 of 2016291|
FeedMeCrap wrote: You're talking to the people who still insist that Obama's birth certificate is fake.
Speak for yourself.
Happy Days Are NOT Here Again
The jobless rate fell in September to 7.8% from 8.1%, though the economy created only 114,000 new jobs, and some of our conservative friends smell a bureaucratic rat so close to Election Day. We doubt the Labor gnomes are manipulating the numbers, and in any case chasing conspiracies detracts from the real news, which is that the job market still stinks.
Democrats are celebrating the decline in the jobless rate, which only shows how their standards have changed since President Obama entered the White House. In 2004, they were lambasting George W. Bush for a September jobless rate that was 5.4%. Only last month they were begging the Federal Reserve to print more money indefinitely because the job market was so weak. Now they say happy days are almost here again.
Editorial board member Steve Moore on the good and bad of the jobs report and whether it will help President Obama's campaign.
The reality is that more than three years into this weakest of economic recoveries, 12.1 million Americans are still out of work—nearly 23 million by the broader definition that includes those who have stopped looking or can't find full time work—and the labor participation rate is still down to 1981 levels at 63.6%. Hooray!
Of the 114,000 new jobs, 104,000 were in the private economy, and all of the 86,000 in upw