Job Numbers Revised But Americans are still out of Work With No Proof of Change

The September Jobs Report is out, and while non-farm payrolls only added 114,000 jobs, the unemployment rate has dropped from 8.1% to 7.8%. That’s on the heels of last month’s drop from 8.3% to 8.1% despite a weak jobs report. As you can see from the tweet sent out by former GE Chairman Jack Welch, he thinks the rate has gone down because of manipulation to help President Obama:

WALL STREET JOURNAL: The U.S. unemployment rate fell to its lowest level in more than 3½ years in September as the economy continued to add jobs, a potential boost for President Barack Obama’s campaign to win a second term.

The politically important unemployment rate fell to 7.8% last month from 8.1% in August. That was the lowest level since January 2009.

U.S. payrolls, obtained in a separate survey of employers, increased by a seasonally adjusted 114,000 jobs last month, the Labor Department said Friday.

Economists surveyed by Dow Jones Newswires expected a gain of 118,000 in payrolls and an 8.1% jobless rate. . . . Read More

https://twitter.com/B8M8M8/status/254222503851999232

 

 

Wayne Dupree

Wayne Dupree is owner and founder of WayneDupree.com. He was named to the 2017 Newsmax’s 50 Most Influential African-American Republicans. He served in the USAF between 1987-1995. He saw time in Operation Desert Storm/Shield and is the father of three. He is the host of the Wayne Dupree Show.

Leave a Comment