How About Those Jobs Numbers? - Granite Grok

How About Those Jobs Numbers?

Unemployment went down but the line isn't getting shorter
Unemployment went down but this line isn't getting any shorter

The Bureau of Laboring Statistics announced that the economy created 114,000 jobs last month.  If we ignore the fact that this is not even enough to address population growth (so the lower unemployment percent of 7.8% actually means bad things), and just look at job growth averages, Democrats might want to ignore this report and just move along.

Adding 114,000 jobs is pathetic.  How pathetic?  Average growth per month in 2012 is 146,000.  114,000 is a decline of 32,000 or 22% fewer jobs than the monthly average.  Worse yet, the 2011 average per month was 153,000, putting the 114k number 26% less than the 2011 average.

So from 153k per month down to 146k per month, down to 114k in September 2012.

One word.  Decline.  Two more?  Economic slowdown.  And again?  Second Recession.

Recovery?  Not with this guy in charge.

 

 

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