Friday, October 05, 2012

CHART: Labor Commissar Announces Obama Created 8.4 Million Jobs in September, Unemployment Now at 0.3%

Fiction. It's not just for novels any more. Biff Spackle created today's Soviet-style jobs chart

Noel Sheppard, writing at NewsBusters, describes why today's jobs report was just as legit as a Timmah Geithner $7 bill.

....more shocking, total employment, as measured by the Household Survey, rose by 873,000 in September... the biggest one month jump since June 1983.

As such, total employment now stands at the highest level it's been since December 2008 before Obama was inaugurated.

But even more mysterious is the divergence in the two surveys done by the Labor Department.

The Household Survey showed a gain of 873,000 people employed in September - resulting in the surprise drop in the unemployment rate - while the Establishment Survey only showed a rise of 114,000.

Seriously: why not 8 million jobs added? That makes just as much sense.

No comments: