Horrible news for GOP

[Pepsi]

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Unemployment Falls to 8.5% as U.S. Adds 200K Jobs

U.S. employers added more workers to payrolls than forecast in December and the jobless rate declined to an almost three-year low, showing that the labor market gained momentum heading into 2012.

The 200,000 increase followed a revised 100,000 rise in November that was smaller than first estimated, Labor Department figures showed in Washington. The median projection in a Bloomberg News survey called for a December gain of 155,000. The unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, while hours worked and earnings climbed.

,,“You got the trifecta -- more people working, wages up and the average work week up,” said Stuart Hoffman, chief economist at PNC Financial Services Group Inc. in Pittsburgh, who accurately forecast the December payrolls gain. “You can’t really argue that that isn’t a sign of significant improvement in the job market.”

http://www.bloomberg.com/news/2012-01-06/u-s-payrolls-gain-more-than-expected-200-000-jobless-rate-falls-to-8-5-.html

[Case_Closed]

Unfortunately, Pepsi, those figures do not include those who no longer are eligible to receive unemployment, those who are no longer looking for work (because there are no jobs), and they DO include the Christmas part-timers.

Also, Obama is about to add 500,000 unemployed to the roster due to his cutting and downsizing of the military.

Have another sip of the Kool-Aid, sir.

[Case_Closed]

White House press secretary Jay Carney today touted a few favorable numbers in the monthly jobs report, but downplayed the likelihood of major future gains.

“We’re not in any danger of reaching a point where the unemployment rate is satisfactorily low,” Carney said.

The November data showed an unemployment rate of 8.6 percent, down from 9.0 percent in October. That’s “21 months straight now of private sector job growth,” Carney said.

He acknowledged that the formal unemployment rate among African-Americans nudged up from 15.1 percent to 15.5 percent. That trend will further shake his support in a community that is critical to his 2012 election. Unemployment among whites is 7.6 percent.

Carney sidestepped a question about the rising number of unemployed Americans who have stopped looking for jobs and left the workforce entirely.

Roughly 13.3 million unemployed Americans are now looking for work.

Another 10 million people have given up looking, or can only find a part-time job. If they resumed their job searches, they would again be registered as unemployed, and the unemployment rate would rise to roughly 11 percent, say analysts.

In November, another 315,000 Americans stopped looking for work. If they were still looking for a job, the unemployment rate would be 9.3 percent, according to the left-leaning Center on Budget and Policy Priorities. Another set of government data shows almost half a million people, or 487,000 people, dropped out of the workforce in November.



Read more: http://dailycaller.com/2011/12/02/carney-satisfactorily-low-unemployment-rate-proves-elusive/#ixzz1igrBmwOY

[Case_Closed]

Every day, the U.S. government takes in $6 billion and spends $10 billion.  This means that every day the federal government spends $4 billion more dollars than it has.

The real unemployment rate is a jaw-dropping 11 percent.

Every fifth man you pass on your way to work is now out of work.

College graduates are now 34% less likely to find a job under Obama than they were under President George W. Bush.

Every seventh person you pass on the sidewalk now relies on food stamps.

The ravages of the Obama economy now mean that more Americans live under the federal poverty line than at any time in U.S. history since records have been kept.

Under President Barack Obama, every fifth child in America now lives in poverty.

http://www.westernfreepress.com/2012/01/05/it%E2%80%99s-the-math-stupid-seven-devastating-facts-about-2012/

Your "facts" don't flush, Pepsi.

[dustup]

Unemployment Falls to 8.5% as U.S. Adds 200K Jobs

U.S. employers added more workers to payrolls than forecast in December and the jobless rate declined to an almost three-year low, showing that the labor market gained momentum heading into 2012.

The 200,000 increase followed a revised 100,000 rise in November that was smaller than first estimated, Labor Department figures showed in Washington. The median projection in a Bloomberg News survey called for a December gain of 155,000. The unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, while hours worked and earnings climbed.

,,“You got the trifecta -- more people working, wages up and the average work week up,” said Stuart Hoffman, chief economist at PNC Financial Services Group Inc. in Pittsburgh, who accurately forecast the December payrolls gain. “You can’t really argue that that isn’t a sign of significant improvement in the job market.”

http://www.bloomberg.com/news/2012-01-06/u-s-payrolls-gain-more-than-expected-200-000-jobless-rate-falls-to-8-5-.html

....that's great news! .....unless you are sold out to the obtruders of the Left Right Paradigm....... 

[Case_Closed]

Weren't we, like, promised that if we didn't give Obama $780 Billion the unemployment would go over 8%?

Oops.

[Case_Closed]

Thanks to how the data is fudged in Washington, the unemployment rate is touted to now be down to 8.3%.  Officially only 12.7 million are now unemployed.  As I have predicted, Obama will do anything possible to get the unemployment rate to 8.0% or below by the time of the General Election on Tuesday 06 November.

President Obama has been celebrating the 243,000 jobs created in January.  However, no mention has been made by Obama or the White House that 1.2 million people gave up looking for work in January.  These 1.2 million people were removed from the group of persons who are reported to be unemployed, dropping the pretend unemployment number to 8.3%.

There has also been no mention that while Obama is bragging that he added 3.7 million new jobs, the reality of the situation is that 4.4 million jobs have simply disappeared from the United States of America since Obama became President.

A total of 4.7 million people have stopped looking for work since the Inauguration of President Obama.  Added to the 12.7 million, the total of unemployed is 17.4 million without work or about 11%.

When one adds in the 10.5 million who are working part time but would like to be working full time, we have 28 million who are unemployed or underemployed.  This is an unemployment rate of 17%.

If one then adds the 2% of our population who are in jails or prisons, the actual unemployment rate is at or about 19%.

From Lubbock Fucking Online Blog, no less!!!!!

http://lubbockonline.com/interact/blog-post/may/2012-02-04/real-unemployment-rate-more-19#.T0EZo4cgdex