Unemployment Down to 7.8% jobs are now available to nearly everyone! (Harry Reid, Pelosi)

[summers73]

The unemployed factory worker in Ohio and the unemployed grad student outside Philly will be glad to hear about these positive numbers!

[rikoshaprl]

Only 114,000 new jobs were added.
"The so-called underemployment rate -- which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking -- held at 14.7 percent."
Ater a year of revisions downward from the previous month, mysteriously the August and July revisions were sharply higher.
U.S. Jobless Rate Declines to 7.8%; 114,000 Jobs Added - Bloomberg

[Maabus1999]

Originally Posted by chucksnee

Lets wait for the revised numbers...

The revised numbers ARE why the UE is approaching 7.8%. The last two months created significantly more jobs then originally reported.

And Wall Street is telling you one thing today: This is real.

[BentBow]

380,000 first time filers for UE, a week. That is about 1.5 million on UE per month
Then they come out with a number like they did, 114,000 jobs added in September.

Do the math!

[mlassoff]

Wow I am surprised by the number of "Patriotic" Conservatives Americans who are cheering against America. It almost seems that the good news is disappointing to them. Very sad.

[padcrasher]

Originally Posted by Maabus1999

The revised numbers ARE why the UE is approaching 7.8%. The last two months created significantly more jobs then originally reported.

And Wall Street is telling you one thing today: This is real.

Please don't bother them with facts as they are hoping to do their part to revive Romney's campaign.

[RegQ]

The fat lady has just sung..."The Romney won the debate" band wagon has just been run off the road.

[chucksnee]

The math makes zero sense, the UE rate was at 8.3% (I think) last week, and we added 25,000 jobs (on top of last weeks increase) and it drops the UE rate by .5%.

[Maabus1999]

Originally Posted by BentBow

380,000 first time filers for UE, a week. That is about 1.5 million on UE per month
Then they come out with a number like they did, 114,000 jobs added in September.

Do the math!

Ok. You have no idea how these numbers work. Your logic is assuming zero jobs, by anyone, anywhere, are created...

[jt800]

Originally Posted by BentBow

380,000 first time filers for UE, a week. That is about 1.5 million on UE per month
Then they come out with a number like they did, 114,000 jobs added in September.

Do the math!

You are I aren't the only ones that think these numbers are fixed:

JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful


Former GE CEO Jack Welch's reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent:

Twitter/@jack_welch
Looks like Welch already was predicting this last night: