Unemployment Rate Falls To 7.8 Percent, Ending Another Republican Talking Point

There goes one more Republican talking point against President Obama. Just as Mitt Romney and Republicans can no longer say there are fewer jobs now compared to when Obama took office, they also cannot say the unemployment rate has been above 8% for (x) months. That’s because today the Labor Department released September’s job numbers and the unemployment rate fell to 7.8% from 8.1% in August. It’s the lowest unemployment rate in 44 months, equaling the unemployment rate when President Obama took office. Note that the unemployment rate peaked at 10% later in 2009, so the economy has shown steady improvement for three years.

The U.S. economy added 114,000 jobs, and most notably, government jobs actually increased last month for a change. The breakdown is 104,000 private sector jobs created and 10,000 public sector jobs created. Also positive is an upward revision of the previous two months with 86,000 more jobs created in July and August than previously reported.

Without fail, we get the naysayers who will find any reason to be against positive economic numbers. This time it’s Jack Welch, former CEO of General Electric. He tweeted:

 

The problem with suggesting that the numbers are manipulated is that the Labor Department numbers are the same numbers that Mitt Romney and Republicans use when they attack President Obama on the economy. You can’t have it both ways. You can’t use the numbers, when they are bad, to attack the president, and then turn around and say the numbers are cooked when they favor the president.


EconomyGovernmentPolitics

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