Unemployment Falls To 7.8% After 43 Months of 8% or Higher

Dems are going to be cheering in the streets, but personally I think 7.8% is still obscenely high and 23 million Americans are still unemployed or underemployed.

If it took Barack trillions of dollars and four years to accomplish this, can we expect to see it get down to 7.3% in 2016?

Didn't they change the method for calculating the jobs number? Expect to see the same with inflation numbers in the future, there is a new "chained price index" or something. Catchy name huh?

Rush and other conservative pundits predicted months ago that the Administration would find a "magical" way to get that unemployment rate below 8% just before the election. Shazzzaaaam! Four more years right?

Unbelievable!

The report is full of contradictions though. It is a little confusing

Crazy, I was just watching CBS news and they said the rate ticked up to 8.2% and that it would have taken 150,000 new jobs to tick it the other way.

Not that the masses will care but something is very fishy about the remarkable coincidence of the comeback in these unemployment numbers. I am reminded of that statistics professor who kept saying throughtout the course, "you give me some numbers to work with and I'll show you how to lie with them".

Unemployment rate falls to 7.8% as economy creates 114,000 jobs

http://economywatch.nbcnews.com/_news/2 ... -jobs?lite

The nation's unemployment rate dropped to the lowest it has been in almost four years in September, giving President Barack Obama a potential upbeat talking point as the presidential race heads into the final innings.

Apparently the most important aspect of these numbers is that they give President Obama a boost he may need after a poor showing the other night. Nevermind that many suffering American families may have actually found work. We have an election to win.

The government said the economy created 114,000 jobs, about as expected, and generated 86,000 more jobs in July and August than first estimated.

Nothing but remarkably coincidental good news. It's truly amazing! rofllol

But the next part of the article is my favorite.....

A survey of households from which the jobless rate is derived showed 873,000 job gains last month, the most since June 1983. The drop in unemployment came even as Americans come back into the labor force to resume the hunt for work. The workforce had shrunk in the prior two months. The household survey is volatile, however.

Here is where my BS meter really started to peg.

I get it though. The Administration is on the ropes and the "team" needs to pull together to bend some numbers to make it look right. I knew these folks were full of s__t but I had no idea they would be so brazen. I'm truly amazed at how dirty this whole thing is. :faint:

This number is a combination of 2 things- manipulation of the numbers and the fact that large numbers of people keep dropping off the back end of the program. Both of these make Obama look good- when the reality is that the economy is not doing any better, despite Obama's constant assurances.

Take Colorado for instance...
In Colorado- the unemployment rate has been creeping up all summer long. In July- it hit 8.3% and August back to 8.2%. We typically have been lower than the national average, but now it appears we are either at the national average or above it.

This is not a sign that the economy is improving- just the opposite.
http://www.denverpost.com/breakingnews/ci_21600158/colorados-unemployment-rate-8-2-august

U6 is unchanged at 14.7. How'd that happen?

The Liberals GOP Twin wrote: U6 is unchanged at 14.7. How'd that happen?

Desperate times require desperate measures. We need some upbeat news for the Administration because it seems that soon the truth about that debacle in Libya is going to leak out and stink the whole thing up.

...and immediately after getting his ass kicked in the debate... I smell a rat.

"There are three kinds of lies: lies, damned lies and statistics." - Mark Twain