7.8% Unemployment for September 2012 with only 114K Jobs Created … What a Joke, Now We Know Why Obama Phoned in Debate, The Books Were Cooked
OBAMA US UNEMPLOYMENT RATE 0.00%
What a joke, this should be deemed criminal …Obama will do anything to get reelected include perpetrate this employment fabrication on “We the People”.
The US added only 114,000 jobs in September and miraculously just five weeks before the 2012 Presidential election managed to fall to 7.8%. It’s a miracle I tell you!!! The U-6 unemployment number, which accounts for the underemployed and those who have given up looking for jobs, held steady at 14.7 percent. 873,000 people said they found work yet only 114,000 were actually employed full time??? Hell, why make it 7.85, why not make it 5%? How about 0%? Why not, it’s just as plausible as to how 873,000 people claim they found work from the Household survey, yet only 114,000 jobs were created.
This reminds me of a quote from the movie, The Shawshank Redemption, when Warden Samuel Norton learns that Abdy’s cell is empty … “Lord, it’s a miracle! Man up and vanished like a fart in the wind! Nothing left but some damn rocks on the windowsill. And that cupcake on the wall!” What honest thinking person actually believes any of this other than those who drink the Obama Kool-aid?
Obama is laughing at you America that you are buying this unemployment BS
Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent.
The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number.
The falling jobless rate had been a function as much of the continued shrinking in the labor force as it was an increase in new positions.
But the government said the total number of jobs employed surged by 873,000, the highest one-month jump in 29 years. The total of unemployed people tumbled by 456,000.
The labor force participation rate, which reflects those working as well as looking for work, edged higher to 63.6 percent but remained around 30-year lows. The total labor force grew by 418,000, possibly accounting for the relatively modest net level of job growth.
Economists were expecting 113,000 more jobs and the rate to rise to 8.2 percent. Last month saw 142,000 new jobs as the rate dropped from 8.3 percent in July.
So now we know why Obama looked so apathetic and uninterested during the debate the other night, Obama knew the books were cooked to have Obama have an unemployment number 8%. This should be criminal. But what else would we expect from Chicago politics.
Jack Welch, the former CEO of GE tweeted the following:
Jack Welch, the former CEO of General Electric [GE 22.95 (---) ], caused a stir after the numbers were released, tweeting “Unbelievable jobs numbers…these Chicago guys will do anything…can’t debate so change numbers.”
Watch the folks (VIDEO) at CNBC, especially Rick Santelli just laugh at these cooked unemployment numbers as he had previously predicted that the Obama Admin would force the numbers below 8% by using any means possible.