by Daniel Downs
Last week, the media prophets of the left attempted to make the Obamanable economy look better than it actually is. They used the opening paragraph of the Bureau of Labor Statistic’s monthly jobs situation report out of context. Like all proof-texting, they lifted the “good news” out-of-context in order to proclaim Obama’s stimulating policies were at last working.
Here is the opening statement of the BLS jobs report:
“The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000.”
The unemployment rate in August was 8.1 percent resulting in a 0.3% decrease, and number of unemployed persons decreased 456,000 to 12.1 million. The number job losers and persons unemployed more than 5 months also decreased.
All good news for the economy, right?
Well, let’s look at the above total nonfarm employment increase figure of 114,000. The BLS jobs report showed job creation declined 41% from July to August. New jobs were added at a modest rated of 7% between August and September. The opposite was the case for government jobs. From July to August, the growth of government jobs increased 250 percent, but the rated decreased to 78% from August to September.
The Obamaites might have reason to celebrate the growth jobs, especially government jobs.
However, their rejoicing will not last long.
The problem is with part-time jobs. Part-time employment increased by 7 percent, the same rate as new private sector jobs.
Although employment is growing some, job growth under the Obamaite administration is still not all that great.