The Good News About Jobs

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"According to the BLS, there were 163,000 new nonfarm payroll jobs created in July. This figure is about 13,000 more jobs than is needed to keep pace with population growth."

The Bad News About Jobs:

"Therefore, the unemployment rate should have declined fractionally. Instead, the unemployment rate (U3) rose from 8.2% in June to 8.3% in July".

"In case you missed the point, new jobs, a net figure, rose and so did the unemployment rate!"

"Moreover, the alternative, but much less reported, jobs report from the Household Survey found that the economy lost 195,000 jobs in July".

"The government that lies to you about weapons of mass destruction in Iraq, about Iraq’s al Qaeda connections, about the Taliban in Afghanistan, about Osama bin Laden, about Libya and Gadhafi, about Iranian nukes, about Syria, about Pakistan, about Yemen and Somalia, about Bradley Manning, about Julian Assange and Wikileaks, indeed about everything under the sun, also lies to you about jobs, unemployment, economic recovery, GDP growth, the “terrorist threat,” everything. Try to find anything that the government has said over the past 6 presidential terms that is not a lie" - Paul Craig Roberts.

http://www.counterpunch.org/2012/08/06/inside-the-latest-jobs-report/

It seems there is a new Pinocchio in Washington. Perhaps there may be a change to Pinocchio #7 in January. Perhaps not..

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 4:01 pm

Comments

Don't jump ship on America just yet, I can think of literally hundreds of things Obama has said that did, and still do, ring like God's own truth.

Let the rats desert, but don't follow them off the ship, they'll eat you there on land, irregardless, as Bush would say.

anonymous green
Joined:
Jan. 5, 2012 11:47 am

Thus spake the messiah.

Brookesmith
Joined:
Aug. 3, 2012 7:00 pm

The truth is,poly, what is the REAL rate unemployment? I learned this in Ecomonics 101 back in 1971, that people that have given up on finding work and ,thusly, dropped off of the offcial rolls of the unemployed are no longer counted for purposes of the rate of umemployed Therefore the real rate of people that are unemployed and those that have given up on finding work is somewhere between 18-24%. It just makes the sheeple feel better to lie to them.

Brookesmith
Joined:
Aug. 3, 2012 7:00 pm

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