The political side of Unemployment.

In September we were told the economy added 148,000 jobs.  In October the unemployment rate was going below 8%. It just seemed wrong at the time.  Well actually it waw wrong...

The numbers were off in September by approx 49,000 jobs, October by 33,000. This came out just before the election...  I'm sure it was just an error, nothing more...

When the Labor Department says, that Hurricane Sandy had no significant effect on unemployment, Which I recall those in the media said there would be a huge uptick...

Also we are being told that 146,000 new jobs created in November.  More then 33% by retail for the holidays (read: Temporary jobs).  So, why is it not seasonally adjusted, instead of just a raw number?


Fact is the unemployment rate dropped to 7.7% because, 540,000 Americans have dropped out of the labor market. Taking that into account for every one person hired 1.7 people gave up looking for work or went past the 99 weeks. Yet With this news Obama is saying how much of a comback we are having...

Lets add the fact that Government hiring swelled in October and in November, adding 544,000 people to their payrolls. 73% of the new civilian jobs created in the US over the last five months are in government. Which means more money taken out of the private sector and transferred to the public sector.

Sources:

The Obama Curve, US Economy adds 146K jobs, Jobless rate edges down, Welfare spending $168 per day, Fed exit plan, 73% of jobs created last five months.,