I looked at my favorite blog today, Gateway Pundit and saw this:
SHOCKER… Unemployment Rate Drops to 7.8%The headline is dripping with sarcasm. Of course we all should realize now that with one of the most corrupt administrations ever that the numbers are going to be cooked beyond all recognition.
Just one of the many facts that's killing Obama's chances is chronic unemployment.
This from Newsbusters:
The unemployment rate decreased to 7.8 percent in September, a number certain to impact the presidential race.
Pundits have been saying for months this number had to drop below 8 percent for it not to be a hindrance to President Obama's reelection chances.
The economy added 114,000 nonfarm payrolls in the month according to the Bureau of Labor Statistics with gains in healthcare, transportation and warehousing.
Truly shocking in the report was that the number of unemployed people dropped by 456,000 to 12.1 million.
Maybe more shocking, total employment, as measured by the Household Survey, rose by 873,000 in September to 142,974,000, the biggest one month jump since June 1983.
As such, total employment now stands at the highest level it's been since December 2008 before Obama was inaugurated.
But even more mysterious is the divergence in the two surveys done by the Labor Department.
The Household Survey showed a gain of 873,000 people employed in September - resulting in the surprise drop in the unemployment rate - while the Establishment Survey only showed a rise of 114,000.
Hmmm.The biggest one month jump in 29 years. Yes, that's suspicious.
My own experience tells me that the numbers put out by the Obama regime have been faulty since he took office four years ago. Let's wait for the revisions to see what happens.
If Obama thinks that one number is going to help win a debate against Mitt Romney, who is made of numbers, he's going to wake up after being flattened on the debate floor again.
UPDATE FROM Suitably Flip and Hot Air:
Update: Ed notes that for every job created in September, exactly 3 people abandoned the workforce entirely.The numbers are not adding up. From Breitbart:
Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.