Unemployment Climbs to 7.3%

[Revmitchell]

The Labor Department reports that in the month of October, the American unemployment rate increased to 7.3% and 204,000 jobs were created.

The media and White House had been laying the groundwork to blame a lousy jobs report on the government shutdown, and by extension the GOP, but the 204,000 beat expectations, even though it is still a very weak number. Job creation needs to be somewhere around 150,000 to 175,000 just to keep up with the population growth.

http://newsbusters.org/

 

[Crabtownboy]

The Labor Department reports that in the month of October, the American unemployment rate increased to 7.3% and 204,000 jobs were created.

The media and White House had been laying the groundwork to blame a lousy jobs report on the government shutdown, and by extension the GOP, but the 204,000 beat expectations, even though it is still a very weak number. Job creation needs to be somewhere around 150,000 to 175,000 just to keep up with the population growth.


http://newsbusters.org/

And they are right. Simply one of the fallouts of the GOP shutdown of the government. Of course the GOP is not honest enough to own up to the damage they caused. After all you cannot furlough that many people, who are then unemployed, without the percentage changing.

And yes, in spite of the GOP forced shutdown, jobs were added.

The Labor Department said Friday that the unemployment rate rose to 7.3 percent from 7.2 percent in September, likely because furloughed federal workers were counted as unemployed. The report noted that the shutdown did not affect total jobs.

http://www.huffingtonpost.com/2013/11/08/october-jobs-report-unemployment-rate_n_4235238.html

 

[thisnumbersdisconnected]

And they are right ... [yadda yadda yadda] ... jobs were added.

What a load of horse hockey! Obviously you aren't getting paid by the word by the DNC, or you would have written paragraphs. Even so, just as you've told no truth here, you wouldn't have managed any there, either.

Let's start with real unemployment, which ticked up two-tenths to 13.8% from September to October.

http://cnsnews.com/news/article/barbara-boland/real-unemployment-138​

Since President Barack Obama has been president, the U-6 unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in October, November and December 2009 and the same rate in February, March, and April 2010. The U-6 rate did not fall below 14% under Obama until March 2013, when it hit 13.8%, the same rate for October 2013.

Now, let's look at the bogus assumption that the government shutdown is what caused the number to tick up a tenth of a percent.

There are approximately 159,645,000 people in the labor force, as of August 1, 2013, the most current number I could find. There were 850,000 furloughed government employees. They represent 0.0053% of the work force. Do you see the discrepancy here?? You could lay them off for a year and count them as newly unemployed every month of that year, and they wouldn't amount to a tenth of a percent of the work force.The Labor Department's "spin" is nothing more than a lie, the so-called MSM -- it ought to be changed to "MSL" for "mainstream liars" but the U.S. professional soccer league would probably sue for defamation of character -- perpetuate the lie, and you? Well, you just plain lie.

Got it? Who am I kidding? Of course you don't.

PS: As I posted this, the Great Pretender repeated the lie, saying "there is no doubt the shutdown affected unemployment." Somebody hand the idiot these numbers. Oh, wait, Bill Hemmer on FNC just quoted labor analysts at Heritage Foundation as saying "the shutdown had no discernible impact" on the unemployment numbers. Somebody, at least, tells the truth.

 

[Don]

CTB: The article missed a very, very important key factor: WHY did the job growth exceed expectations?

I know; do you?

 

[Revmitchell]

CTB: The article missed a very, very important key factor: WHY did the job growth exceed expectations?

I know; do you?

He wouldn't admit it if he did.

 

[Crabtownboy]

CTB: The article missed a very, very important key factor: WHY did the job growth exceed expectations?

I know; do you?

My guess is because of the start-up of hiring employees, many of whom are temporary, for the upcoming holiday season.

 

[thisnumbersdisconnected]

He wouldn't admit it if he did.

My guess is because of the start-up of hiring employees, many of whom are temporary, for the upcoming holiday season.

You were right, Rev. He didn't.

 

[Don]

Actually, I agree with CTB. A LOT of these new hires are seasonal workers, with retail businesses getting ready for the holiday season...which means exactly what?

That most of them are part-time; and that most of them WON'T be in the job force by January 15.

Not to mention: The shifting of businesses from full-time employees to part-time employees in order to compensate for ACA costs.

So the job growth numbers? Let's see what things look like after January...in the meantime, feel free to continue to try to explain away the increase in unemployment.