Unemployment rate drops to 7.7%… …due to a “drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.” Oh, and most of the 146k jobs added were the type of jobs the left-media denigrated as “hamburger flipping” jobs back when a non-Democrat was president.

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23 Comments on "Unemployment rate drops to 7.7%"

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Jayhawk46
Member

And once again, I suppose this is U3 and not U6. We are not going to win this thing until we can get control of the narrative. It’s obvious we can no longer shame the media into telling the truth. I’m sure they are going to continue to lie their butts off to cover all the lies they told to get Dear Leader reelected.

Sidekick
Member

Of course it is U3. The labor participation rate dropped by two-tenths. About 350,000 people. That is what drove down the unemployment rate.

danybhoy
Member

U3, U6, it won’t matter when you don’t have a job. When the MSM & Obama (same thing) keep telling you it’s getting better, & you & others you know are unemployed, you start questioning everything. Unless you find out you like the welfare lifestyle, you better hope it’s not too late when you figure it out.

jcrowley1985
Member

I blame Corporate Greed for eliminating jobs.

Not so silent
Member

I blame Welfare greed and you Creepy Crowley…you and your jobless moron friends are sucking everything you can from government because your worthless….Have another Cheeto and buy another 40 on your EBT card….

flashingscotsman
Member

TD,……………..MO.

poppajoe49
Member

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

wingater
Member

My unemployment rate is still 100%. I have technically not given up looking for work, but at 62 it’s just not going to happen, so with all the unsupervised time I have I’m starting to apply for all the free stuff I can find.

RobertW
Member

RACIST HOARDER!

Not so silent
Member

Lies, damn lies, and statistics………

RobertW
Member

distractions, distractions, distractions.

that’s entertainment. yeah?

I'm With STUPID
Member

The suicide rate is up. More people kill themselves more jobs open up and less people are unemployed.
http://jobmarketmonitor.com/2012/11/05/us-suicide-rate-rose-during-the-great-recession/

Jim Stewart
Member

Compare the coverage:

Feb 05, 2005 : WASHINGTON (AP) — America’s payrolls grew by 146,000 in January, a sluggish pace suggesting companies are reluctant to bulk up their work forces and highlighting the challenges faced by jobseekers. The unemployment rate fell as people left the job market.

The mention of people leaving the work force was in the opening paragraph.

Dec 07, 2012 : (CBS Money Watch) The U.S. economy added 146,000 new jobs in November and the employment rate slid to 7.7 percent from last month’s reading of 7.9 percent. The results were far better than expected.

Now in this story you scroll down 6 paragraphs to see: Maybe some folks would have taken a break from looking for a job, regardless of weather, but the labor force drop of 350,000 meant the participation rate edged 0.2 percent lower to 63.6 percent.

Jim Stewart
Member

What pissed me off is that AP whines that 146,000 jobs created under Bush is a “sluggish pace” while the same number created under Obama is “far better than expected”.

I hate the media.

poppajoe49
Member

It’s Bush’s fault.

flashingscotsman
Member

It IS a sluggish pace, but still far better than I would expect under Obama’s policies. Maybe that’s what they meant.

poppajoe49
Member

In spite of Obama policy.

RobertW
Member

I can only imagine the delay has to do with union agreements and whatnot on the FEMA soylent green processing plants…

zombie attacks, indeed.

Jim Stewart
Member

Oh yeah, the unemployment rate reported on Feb 5, 2005? 5.2 percent.

Progressive Hemrrhoid
Member
Progressive Hemrrhoid

And the number fudging continues. Just wait until the “adjustment” when they realize this 146K number was a crock of shit.

poppajoe49
Member

Fudging? It is full out falsification! Lying to make the One look good!

poppajoe49
Member

7.7%?
BULLSHIT!!!
146k jobs added, over 400,000 new unemployment claims EACH WEEK, for the last 3-4 weeks, and the unemploymsnt rate drops?
Oh, wait. There are over 500,000 fewer people looking for jobs, and you are considered employed when you work 1 hour a week!
The Obama economy is thriving, isn’t it?

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