Obama Economy Unemployment Lie … 115,000 Jobs Added in April 2012 … Unemployment Rate Down to 8.1%

 

Unemployment rate drops to 8.1% … WHAT A LIE AND POLITICAL BUNCH OF BS THIS IS.

A meager 115,000 jobs were added by the Obama economic recovery, missing the expected 170,000 jobs that the experts had foretasted. What a joke the unemployment rate has become. This is nothing more than a fabricated Obama economic aid for reelection. Look for the rate to go below 8% in the coming months even if we lose jobs in a month rather than add them. The fix is in to fabricate the numbers as a positive for Obama even though millions of Americans are out of work and either unemployed or underemployed. Obviously more people are dropping out of the job market, that is why the rate is going down not anything that Barack Obama is doing for job growth.

THE EMPLOYMENT SITUATION — APRIL 2012

Nonfarm payroll employment rose by 115,000 in April, and the unemployment
rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics
reported today. Employment increased in professional and business services,
retail trade, and health care, but declined in transportation and warehousing.

Household Survey Data

Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April. (See table A-1.)

THE TRUTH ,,, 522,000 DROPPED OUT OF THE WORK FORCE ALONE IN APRIL 2012. THE LOWEST PARTICIPATION RATE IN 30 YEARS!!!

From Bloomberg:

A slowdown in hiring as corporate optimism cools may restrain the wage growth needed to fuel consumer spending, which accounts for about 70 percent of the economy. Federal Reserve policy makers view unemployment as “elevated” and plan to hold borrowing costs low through late 2014.

The unemployment rate was forecast to hold at 8.2 percent, according to the survey median. Estimates in the Bloomberg survey ranged from 8.1 percent to 8.3 percent. Unemployment has exceeded 8 percent since February 2009, the longest such stretch since monthly records began in 1948.

The participation rate, which indicates the share of working-age people in the labor force, fell to 63.6 percent, the lowest since December 1981, from 63.8 percent.

God forbid Americans are ever told the truth anymore.



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  • Comments

    5 Responses to “Obama Economy Unemployment Lie … 115,000 Jobs Added in April 2012 … Unemployment Rate Down to 8.1%”

    1. NGBoston on May 4th, 2012 7:43 am

      Here is the thing, though. Even with that bogus manipulation of “new” jobs- it does NOTHING, nothing to affect or lower the actual %8.2 Unemployment rate.

      The %8.1 is a little low- when was the last time we as a Nation had anything near %8.1 or 2 ? When Carter was President? Oh, that’s right- Obama’s Unemployment rate may have even surpassed that number. Not certain of that, would have to look it up.

    2. dawg1948 on May 4th, 2012 10:20 am

      Obummer’s unemployment rate is like the imaginary girlfriend he had in college, it doesn’t exist. Imagine that

    3. dennisintn on May 4th, 2012 3:12 pm

      i’ve taken 5 calls this week from people who asked file applications and were refused by the “career center” here. anothing tokeep the numbers down

    4. CNBC’s Rick Santelli on the Obama Job Recovery (Obamanomics) … Blasts Liberal Media’s “Ostrich Economics” | Scared Monkeys on May 5th, 2012 9:44 am

      [...] unemployment rate was reduced to 8.1%. Santelli dubbed it “Ostrich Economics”. Honestly, it is criminal what the liberal MSM is doing and shilling for Barack Obama and his failed Obamanomics.  The media complacency and yes, [...]

    5. Once Again Barack Obama is Back on the Golf Course with Biden, Guess this is One of those times Obama “Forgets About the Magnitude of Recession” | Scared Monkeys on May 13th, 2012 8:45 pm

      [...] forgets the magnitude of the recession with the US has had a continued unemployment rate over 8%, an employment participation rate down to a 30 year record low of 63.8%, record number of people on food stamps and 1 in 3 US workers [...]

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