Jack Welch predicted this would happen... especially after Obama's poor debate performance. NOt saying the books have been cooked or anythin' but... HEY! Mebbe all the new shovel- ready jobs helped afterall!!
Yesterday's jobs report released by the
Bureau of Labor Statistics is being met with skepticism. The report found that, from August to September,
the unemployment rate dropped from just above 8 percent to 7.8 percent.
In fact, when Labor Secretary Hilda Solis appeared on CNBC, the first two questions for her were whether the books have been cooked. Solis called the charges "insulting and ludicrous."
The economy added 114,000 nonfarm payrolls in the month according to the Bureau of Labor Statistics with gains in healthcare, transportation and warehousing.
Truly shocking in the report was that the number of unemployed people dropped by 456,000 to 12.1 million.
Maybe more shocking,
total employment, as measured by the Household Survey, rose by 873,000 in September to 142,974,000, the biggest one month jump since June 1983.
As such,
total employment now stands at the highest level it's been since December 2008 before Obama was inaugurated.
But even more mysterious is the divergence in the two surveys done by the Labor Department.
The Household Survey showed a gain of 873,000 people employed in September - resulting in the surprise drop in the unemployment rate - while the Establishment Survey only showed a rise of 114,000.
But the REAL good news kidees is that Unemployment Plummeted to 4.3% from 5.1--For Government Workers according to the Bureau of Labor Statistics!!! YAY!!!
Both the federal and state governments increased their employees in July, August and September. Double YAY!!
The Obama administration has added 10,000 civilian workers to the federal government's payroll since July, according to BLS. In that month, the federal government employed 2,804,000 civilian workers. In August, that increased to 2,810,000. And, in September, the number of civilian federal employees increased again to 2,814,000.
The BLS's count of civilian federal employees does not include members of the military or individuals who work for certain intelligence gathering agencies, including the Central Intelligence Agency and the NSA.
The Obama administration has been able to accomplish a net increase in federal employees over the past three months even while the U.S. Postal Service--whose employees are considered part of the federal workforce--eliminated jobs and decreased its payroll.
State governments have added a net of 17,000 new workers to their taxpayer-funded payrolls over the past three months. In July, state government around the nation employed 5,052,000 people. In August, that climbed to 5,056,000, and in September it climbed again to 5,069,000.
That's all we need- a good employment record for UNEXPENDABLE bureaucrats. Who else is going to justify cranking out those pretty, green "Chinese borrowed money" checks every 2 weeks??
