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Reply to "Unemployment at 7.8%"
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[quote=jsteele][quote=Anonymous]Kind of suspect when there were less jobs created in sept than aug but yet the rate went down to 7.8. They stopped counting ppl who left the job market..this rate of job growth doesnt even keep up with thepopulation increase in the job market. This type of rate would be in conjunction with an economy at a 5 to 6 % growth rate. Ours is growing at1.3%... Im not accusing obama admin of lying ( at least on this issue) but Iam very skeptical of these stats especially coming out a month before the election and after a disasterous and embarassingly unpresidential performance at the debate this week[/quote] First, they never count people who leave the job market. But, what you are missing is that the unemployment rate didn't drop simply because of jobs added in September and people leaving the job market in September. In addition to releasing September numbers, the number of jobs created in July and August was revised upward to the tune of 86,000. That sort of revision is common and data from employers comes in late. That means that the unemployment rate was likely less than 8% already in August (someone who is better at math then me can confirm or deny that). Also, think back a month ago. The day after the Democratic convention the monthly job numbers came out and were very disappointing to the administration. There were posters in this forum who were predicting that the numbers would wipe out any convention bounce Obama received. Nobody was suggesting that the numbers were cooked then. [/quote]
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