Friday, October 05, 2012

Great Jobs Report

At 8:30 a.m. ET the Bureau of Labor Statistics released its Monthly Jobs Report, showing that the unemployment rate is now at 7.8 percent.
Adding to the positive news, job gains were revised upward by 40,000 for July (to 181,000) and by 46,000 for August (to 142,000), which had been considered a disappointing month, casting a slightly rosier hue on the summer slowdown.
- NY Times
Cool! But Jack Welch, former CEO of General Electric, can't control his sphincter and tweets: “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers."

Just for the record, yesterday Gallup indicated their own measurements were showing movement in the same direction:
Gallup's unadjusted unemployment rate fell to 7.9% in September -- down from 8.1% in August and the lowest monthly average since Gallup began measuring it in January 2010. Of course, part of the reason for this improvement has to do with temporary hiring for Halloween -- now a major sales event for the nation’s retailers -- and the Christmas holidays.
Gee, I didn't know there was THAT much temporary hiring for Halloween. But just the same, I guess Gallup is in on the conspiracy Mr. Welch has spotted.

Perhaps the reason Republicans always screw everything up is because they just can't separate their emotions from their brains. They don't like evolution, so it's not true. They don't like global warming, so it's not true. Saddam Hussein MUST have weapons of mass destruction, therefore Saddam Hussein has weapons of mass destruction. They haven't caught Osama bin Laden, therefore it's not really important to catch Osama bin Laden. They don't like arithmetic, so use pixie dust instead. They just don't like the BLS statistics, so the statistics must be fraudulent.

You just can't base policy on that kind of thinking, guys.

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