The unemployment rate reported Friday was unchanged at 7.8%, but you wouldn’t know it if you relied on these folks as a news source.
The latest unemployment report is out and the Obama administration can chalk up another victory in the fight against rising unemployment in the U.S.
According to the latest unemployment report released by the U.S. Bureau of Labor Statistics, nonfarm payroll employment rose by 155,000 in December, leaving the unemployment rate unchanged at 7.8 percent. Employment increased in health care, food services and drinking places, construction, and manufacturing, according to the agency, and will likely be welcomed by congressional Democrats and the White House.
This is an Obama “victory” against unemployment? Really?
The number of unemployed persons, at 12.2 million, was little changed in December, according to agency officials. The unemployment rate held at 7.8 percent and has been at or near that level since September, making it the fourth month in which the nation as added just under 200,000 jobs. In December, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 4.8 million and accounted for 39.1 percent of the unemployed. The civilian labor force participation rate held at 63.6 percent in December. The employment-population ratio, at 58.6 percent, was essentially unchanged over the month, Labor officials said.
But hey, it’s still a “victory” for Obama. Amazingly, some people actually buy this nonsense.