Everything you need to know about today’s jobs report (UPDATED)

Just read James Pethokoukis: The sickly, stagnant September jobs report.

Stark and sobering, yet at the same time motivating.  Obama must go.

We’ve got one month to get it done. Let’s do this.

Let them work!

Let them work! Photo via the pepperhawkfarm blog.

Update – 12:55 PM: The AP and NBC both are spinning these dismal numbers as “good” for the President going into the homestretch of Campaign 2012. Shocking.

AP screencap:

Actual AP headline

Actual AP headline

MSN/NBC screencap:

MSN-NBC screencap

NBC doing what they do best….

Any questions?

11 thoughts on “Everything you need to know about today’s jobs report (UPDATED)

  1. Biggest one month decline in 29 yrs, and right before the Nov elections. The black Jesus is playing the Lenin/Trostsky playbook like no one else since.

  2. This president and his supporters will do anything to keep him in office. His supporters have a long history of going to extremes, including illegalities, to bolster Obama’s image.

    I find this “miraculous” decrease in the unemployment rate just days after his humiliating defeat during the debate with Romney, and just weeks before the election, to be highly questionable.

  3. Bottom line: The U.S. labor market remains in a deep depression with virtually no recovery since the official end of the Great Recession. But the Long Recession continues unabated.

    Excellent conclusion. It is pretty obvious, except to the most deceived, that the economy isn’t getting better. The real numbers, not the manipulated ones, more than prove this to be true. – Lorica

  4. …and to think we used to snicker when we witnessed the Kremlin bosses engaging in this kind of chicanery back in the day. And now we have it HERE!

  5. This was fully well expected. This figure is like saying the Titanic is underwater at a depth 20 feet shallower than originally assumed. A good treatment of this may be found in “How to Lie with Statistics” (1954) by Darrell Huff which is still available in its 48th printing. In a chapter called “The Little Figures That Are Not There” he effectively demonstrates how such a claim can be made but it is usually done so under external pressure and through shoddy journalism. This is a case in point.

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  7. Exactly 20 years ago, when a Republican was running for re-election, a similar jobs report showing an unexpected decline in unemployment was treated with skepticism by economists and the media (although in that case an economic boom soon followed). Will anyone in the lap dog media even ask any questions this time?

  8. Pingback: How did the unemployment rate drop to 7.8%? « THE FIRST STREET JOURNAL.

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