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Who does? It seems to change daily, and I'm about to get whiplash from trying to follow which way he's going to flip flop next. It's kind of interesting for a presidential candidate to run on his ability to fix the economy, yet his economic plan is a BIG FREAKING SECRET.
With a slowing economy, the Obama (Chicago Mob) have cooked the books and made up numbers to make it look like employment is going down.
I don't put anything past these thugs. They have broken every promise they made.
WOW........ so the numbers were OK before they fell below 8% but now that they have gone under 8% you are saying the "books were cooked". Do you not realise how desperate that sounds?
What is this with the right? The polls showed Obama streaking ahead so the right screamed that the Polls were "scewed" yet when Romney was level with Obama the polls were accurate.
The unemployment figures are now below 8%, the reason is "cooking the books"
Romney comes out into a Debate and lies his head off and the President is wrong footed and, to be honest, had a awful debate so now Romney can forget his last disastrous 6 months/year and is somehow now the victor.
Kudos Mr President for doing exactly what you said you would do, get unemployment UNDER 8%, even with extreme opposition and obstruction from the Republican party.
This partisan Bull is getting worse from the right.
Get into the real world PLEASE.
According to the U.S. Department of Agriculture, the number of people using food stamps increased from 32 million in January 2009 to 46.6 million in June 2012. That's a 46 percent increase.
Maybe they use those skewed pollsters to decide the UE number, huh?
That's it--they're all in cahoots together...until they weren't when Romney got a tiny post debate bump. Now that the jobs numbers look good for Obama, it's a conspiracy again.
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
The U-6 unemployment number, which accounts for the underemployed and those who have given up looking for jobs, held steady at 14.7 percent.
The Fed formula is uber flawed. I know Indiana has challenged the Feds for the past 3 months about their figures as they do not jive with state figures as to how many jobs were added (according to Indiana a lot) but feds show otherwise and actually raised the UE for the state. This is not an Democrat or Republican thing, it's a long known error filled methodology that has long crossed several administrations.
But we as Americans still have to look at it for what it is, an aggregate across the entire republic where you have some areas doing extremely well like the dakota's with under 5% UE which will bring that rate down vs. more harder hit areas in the nation where the job market isn't as rosy. So even the 7.8 will feel different in varying parts. Sadly a lot of us correlate that to our particular area and equate that as how it is nationwide in which it isn't. Sacramento is not the same as Minneapolis. Detroit isn't the same as Jax. It's a compilation across all varying areas within the union.
With that said, a lower rate is always good. Sorry it just is. When you look at the current situation in the US, on paper, stock market up, consumer spending up, there really isn't any reason the country should be growing this slow. The main component is that employers just aren't adding, they are doing more with less and pocketing profit instead of reinvesting. Neither Barack Obama nor Mitt Romney can create jobs. They just can't. Only the private sector can do that. While government can try to push incentives to spur the private sector, it's still up to that sector to take advantage of it and a lot of them don't. For example, RebuildAmerica or whatever the heck its called, stipulates federal dollars for infrastructure rebuilding (roads, bridges, etc). Now, states can refuse that money as of course said monies comes with stipulations (hire americans), yet, we know on several occassions, California (Under Arnold) refused it in order to sell out to the cheapest Chinese builder with a large non-american workforce doing American infrastructure rebuilding. This has also happened in New York State with Chinese builders and the state refusing help from the Federal government. At least NY hired for the most part New Yorkers even though all profits head to China. Cali, different story. Sadly both just happened to be GOP controlled (at the time).
Government can only do so much, it offers incentives to states and to business to spur development. Funny, states are quick to take Federal money and then turn around and complain and often end up mismanaging that money and complaining some more.
So I just read that this fictitious 7.8% figure is the largest single-Month drop in the UE rate in 29 years.
Does that sound plausible to anyone who's capable of breathing?
The numbers are what the numbers are. Unless you are accusing career civil servants -- who work by established formulas of fudging the data, you are merely belly-aching that the numbers don't help your political side's aspirations.
We know that the GOP wanted the worst economy going into the election and committed economic sabotage to make that happen. Tough luck, the President's policies were still able to overcome GOP obstructionism and mildly improve the economy.
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Now that the jobs numbers look good for Obama, it's a conspiracy again. 
