Friday, October 5, 2012

SEPTEMBER JOBS REPORT SHOWS UNEMPLOYMENT RATE DROPS TO 7.8%............

The September Jobs Report released this morning shows an increase of 114,000 new Jobs were created last month, and an additional 86,000 Jobs were added to the totals for July and August, lowering the UnEmployment rate three tenths of one percent, to 7.8% nationally.  Thus the American UnEmployment rate drops below eight percent for the first time in over three and a half years and is back to where it was at the beginning of the Obama Administration. These figures were almost immediately challenged in a tweet by Jack Welch, former CEO of General Electric and  Chairman of NBC; a Romney supporter, who questioned the credibility of the umemployment number a month before the General Election.  However, the statistics were are confidentially prepared by the Bureau of Labor Statistics by civil servants, not political appointees are available to no one outside the career progessional economists in the BLS, and the information was shared only with the President at 4 p.m. yesterday afternoon.  To try to offset the announced lowered unemployment number as the Presidential campaign comes into its final month as a conspiracy between the Bureau of Labor Statistics, the White House, and the Chicago Obama-Biden campaign offices, seems quite a stretch an attempt by "Jobbers", akin to "Birthers", who are intent on discrediting, if not disqualifying as President and as am honest candidate for re-election............Fr.  Troy

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