Right-Wingers Invent Hilarious Excuses For Why Unemployment Has Fallen Under 8 Percent
This article has been updated.
This month's jobs numbers are out, showing the unemployment rate to have fallen to 7.8 percent, robbing Republicans of a favorite talking point. That number is a 44-month low, according to the Associated Press, which reports the unemployment number fell from 8.1 percent because "the number of people who said they were employed soared by 873,000." Predictably, right-wing Republicans are crying foul, insisting, based on nothing, that the career civil servants at the Bureau of Labor Statistics must be cooking the books.
Either the Federal Reserve, which has its fingers on the pulse of every element of the economy, and the Bureau of Labor Statistics manufacturing survey report are grievously wrong or the number used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama’s campaign promises one month before the election, the conclusions are obvious.