Friday, October 5, 2012

Unemployment Drops to 7.8%

This is the lowest unemployment percentage in the last 44 months.
"The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate declined because more people found work, a trend that could have an impact on undecided voters in the final month before the presidential election. 
The Labor Department said Friday that employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work."
We're not nearly out of the woods. It's been a long, hard slog - I'd argue that had it not been for Republican obstructionism for the last three and a half years, we might be under 7% - but this is good news nonetheless.

Purely on a political level, this is also good news for President Obama and his re-election bid, killing one of the GOP's favorite talking points about Obama promising unemployment numbers under 8%.

And now anyone who doesn't like the numbers purely for political purposes (I'm looking at you Jack Welch, you fucking asshole) is accusing the Bureau of Labor Statistics of cooking the books to help the President. Why is it that these fuckballs point to the numbers when they're in their favor and then dismiss them, or even worse, accuse the very same people of fraud?!

October surprise, motherfuckers!

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