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bureau of labor statistics
Latest bureau of labor statistics Items
When conspiracists suggested Friday that the Obama administration had engineered a sharp drop in unemployment to aid President Barack Obama's re-election, the response was swift.
It says a lot when a government jobs report is so out of line with reality that no thoughtful person can take it seriously. At best the new unemployment number is a fluke; at worst it is the product of partisan hacks.
Sasquatch might as well have traipsed across the White House lawn Friday with a lost Warren Commission file on his way to the studio where NASA staged the moon landing.
After a poor June jobs report, Maryland has lost more jobs in the first six months of 2012 than any other state in the nation, according to numbers released from the U.S. Department of Labor.
This latest recession started in December 2007. Since the Great Depression 75 years ago, recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months, not counting this latest spooky downturn.
President Obama announced two weeks ago that "the private sector is doing fine." Though he later backpedaled from this remark, he stood by his fundamental contention that the private sector was creating large numbers of jobs, and that more money needed to be spent by the government to keep up the public-sector pace.
At first glance, the latest jobs report for the month of April shows some promising signs: 115,000 jobs created and a lower official unemployment rate, albeit only by one-tenth of a percent. Unfortunately, things are not always what they seem and, in this instance, a closer look reveals something much different.
In March, 120,000 jobs were created, while more than 330,000 people dropped out of the workforce. For self-serving reasons, the Obama administration spins this as good news.
President Obama seized upon last week's improved jobs report as "more good news" on the economy, though the true unemployment rate never made the headlines.