February 05, 2010

Fun with numbers

The AP (via the News Journal):

The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent while employers shed 20,000 jobs, the government said today.

The rate dropped because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said. The job losses are calculated from a separate survey of employers.

Uh huh, yeah, OK.

Then there's "Round Up All Republicans And Shoot Them" Delaware Dem over at the LGOMB, quoting the AP:

The number of employed Americans has risen by 541,000 since the last Jobs report, while an additional 20,000 jobs have been lost.

All told, the Labor Department says the Great Recession has eliminated 8.4 million jobs. Thatís the most of any recession since World War II as a proportion of total payrolls. Thanks Republicans for your wonderful stewardship of our economy.

Of course, one who wishes to kill others for mere political disagreements has the mental state to simply ignore what has transpired over the last year, where the GOP has had little-to-no political power. Del Dem's ability to think is as heinous as his appearance.

Then, we actually get an inkling of the truth:

While a sharp increase in the number of people giving up looking for work helped to depress the jobless rate, some details of the employment report were encouraging. The number of "discouraged job seekers" rose to 1.1 million in January from 734,000 a year ago.

Aside from the fact that somehow an increase of about a quarter million of "discouraged job seekers" is "encouraging" (whaaa?) we see that the lowering of the unemployment rate is due ... to people giving up looking for work!

Now THAT is "encouraging!" LOL!

Posted by Hube at February 5, 2010 03:12 PM | TrackBack

Comments  (We reserve the right to edit and/or delete any comments. If your comment is blocked or won't post, e-mail us and we'll post it for you.)