August Jobs Report – Unemployment Up to 9.6%

The jobs report is in and it’s not good.  The unemployment rate went from 9.5% to 9.6%.  So what the hell is Obama talking about?

In a jaw dropping statement quoted by Jake Tapper over at ABC, Obama said:

“This morning, new figures show the economy produced 67,000 private sector jobs in August, the eighth consecutive month of private job growth.  Additionally, the numbers for July were revised upward to 107,000. Now that’s positive news, and it reflects the steps we’ve already taken to break the back of this recession.”

Hey Jackass – the unemployment rate WENT UP!

Sorry to use profanity, but come on.

Hey, “The unemployment rate went up, what do you think?”

“Great news, we’re seeing positive job growth.”

This might be the biggest WTF of the day since he told us he was going to personally supervise raising the sea levels.

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Comments

  1. It makes me wonder if they honestly believe this is a good thing. One thing for sure, they are spinning away with the rhetoric, trying to make it all better before November.

  2. Interestingly, there are some on the left who insist that this is okay. The line goes something like, “You have to include private and public concerns and account for people entering and exiting the job search function, census workers, discouraged job seekers, blah, blah, blah.” The implication is that to not take these things into account means you’re a stupid simpleton bent on hurting people, because after all, we are evil, white conservatives.

    But at the end of the day, the unemployment rate is up. It had just cracked 10% near the end of last Summer, then it fell to 9.5%, and now it’s creeping back up. There are some pretty recent stats from the feds here: http://www.bls.gov/news.release/pdf/empsit.pdf Chart one is the easiest to survey at a glance. Then the report goes on to slice and dice skin color and apparent motivation of the jobless.

    Grasping at straws, the left will continue to tout Recovery Summer and how great the unemployment stats are. If that’s their strategy, we should encourage it.

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