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  Topic: U.S. Jobless Rate Unexpectedly Falls
to 7.8%; 114,000 Jobs Added
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U.S. Jobless Rate Unexpectedly Falls
to 7.8%; 114,000 Jobs Added

Bloomberg News, by Alex Kowalski

Original Article

Posted By:KarenJ1, 10/5/2012 8:36:22 AM

The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, the lowest since January 2009 as employers took on more part-time workers. The economy added 114,000 workers last month after a revised 142,000 gain in August that was more than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for an advance of 115,000. The jobless rate dropped from 8.1 percent and hourly earnings climbed more than forecast. Improving employment prospects that lead to stronger wage growth provide workers with the wherewithal to boost

Comments:
Unexpectedly of course! Rush has been absolutely correct in his prediction they would lower this number before the election to benefit 0bama. I trust nothing coming out of this Dept. of Labor or the regime.

      


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Reply 1 - Posted by: Garage Logician, 10/5/2012 8:37:35 AM     (No. 8911398)

To be revised upward.

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Reply 2 - Posted by: fwipper, 10/5/2012 8:38:18 AM     (No. 8911400)

Rick Santelli called it right last month,,,,he said this report would be under 8%,,,he called it hooey.

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Reply 3 - Posted by: smidgen, 10/5/2012 8:38:33 AM     (No. 8911402)

Sure it did. Just fodder for the stupid among us.

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Reply 4 - Posted by: abuela10, 10/5/2012 8:39:03 AM     (No. 8911403)

Part-time Christmas season hiring. What a joke

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Reply 5 - Posted by: Felixcat, 10/5/2012 8:39:05 AM     (No. 8911404)

Still a couple of points above when Obama "took" office.

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Reply 6 - Posted by: lala, 10/5/2012 8:39:07 AM     (No. 8911405)

I predicted this yesterday. Anyone else surprised?

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Reply 7 - Posted by: revdeppisch316, 10/5/2012 8:39:18 AM     (No. 8911406)

October surprise-- until numbers revised.

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Reply 8 - Posted by: JEMMac, 10/5/2012 8:39:39 AM     (No. 8911407)

Yeah, I would have been shocked if the number HADN'T gone down...

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Reply 9 - Posted by: Tucker, 10/5/2012 8:40:01 AM     (No. 8911408)

You would have to be a complete idiot to believe this number. It doesn't even make any sense. But I guess in Bambi world it doesn't have to. Sickening! And, yes, Rush was right. He said this would absolutely happen.

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Reply 10 - Posted by: Fosterdad, 10/5/2012 8:41:35 AM     (No. 8911411)

You need at least 150,000 new jobs per month to keep pace with rising population. We create only 114,000 new jobs and unemployment goes down?

Not possible.

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Reply 11 - Posted by: slickbgone, 10/5/2012 8:46:02 AM     (No. 8911421)

Oh whoopdie doo. When Bush was in office the media/left complained about the "worst economy since hoover" & that was with a 5% unemployment rate & 4% quarterly growth.

Now we're being asked to celebrate 7.8% which is really about 20% when you include all the people who have stopped looking for work & are now on disability.

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Reply 12 - Posted by: Sfacheem, 10/5/2012 8:46:16 AM     (No. 8911424)

The 8% unemployment meme has been enabled by US. We're the ones who for some stupid reason have refused to hold our elected Republicans' and conservatives' feet to the fire by making them denounce the U3 and insisting they recite the real figure, the U6. Real unemployment cannot be measured with the U3 in a bad economy. The calculation was formulated specifically to be a barometer of the job market in a GOOD economy.

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Reply 13 - Posted by: Halfvast Conspirator, 10/5/2012 8:46:32 AM     (No. 8911425)

expectedly unexpected

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Reply 14 - Posted by: convert, 10/5/2012 8:46:45 AM     (No. 8911426)

BWAWA HAHA--these part-time Christmas jobs are going to cause people to go :Oh gee, Mr. President, how wonderful...can't wait to vote for you!??? Give me a break....The American people will not believe this, first of all, and even if it's accurate, they know the problem of no-job-or-only-lowpaying-jobs is getting worse not better....

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Reply 15 - Posted by: jackson, 10/5/2012 8:48:20 AM     (No. 8911429)

"Happy Days Are Here Again!" C'mon, sing along! What? No singing? Are you racist?

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Reply 16 - Posted by: halfnorsk, 10/5/2012 8:48:48 AM     (No. 8911430)

Unemployment is down. The moon is made of cheese. And Lindsay Lohan is sober.

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Reply 17 - Posted by: turninggrey, 10/5/2012 8:48:54 AM     (No. 8911431)

114,000 low paying "summer jobs" in July and August, to be revised above 8.0 later in the week, but they have their headline! This erases the debate! This erases the Hampton Va. video! I am so tired of being played a la Chicago. Axlerod needs to be tried for treason.

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Reply 18 - Posted by: nimby, 10/5/2012 8:48:57 AM     (No. 8911432)

The employment fairy created 800,000+ HOUSEHOLD jobs within a month, when all along it was in 100,000+. Go figure!! She must be rooting for Obama

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Reply 19 - Posted by: andyboy, 10/5/2012 8:48:59 AM     (No. 8911433)

Two days after the debate trouncing, Obama's Labor Department counts PART-TIME jobs to concoct a 7.8% unemployment rate that will quietly be revised upward in two weeks.

Even if the number were accurate, are we supposed to be excited that in 3.5 years the President has done nothing to change unemployment from its dismal level of January 2009?

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Reply 20 - Posted by: cruiseluv, 10/5/2012 8:51:11 AM     (No. 8911437)

Rush is going to have a field day today. Just on getting this prediction right his accuracy rate will probably go up to 99.9%

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Reply 21 - Posted by: FenwayFrank, 10/5/2012 8:52:38 AM     (No. 8911439)

Put this 'news' together with obama's sterling debate performance, and you get road apple pie.

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Reply 22 - Posted by: cake crumb, 10/5/2012 8:52:40 AM     (No. 8911440)

114,000 jobs lowers unemployment 4 percent? Pardon me is I doubt it sincerely, just as I doubt the HUGE BOOST in the polls Obie got from his epic fail in the debate.

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Reply 23 - Posted by: disasterman, 10/5/2012 8:53:11 AM     (No. 8911442)

There is no mention of how many people quit looking for work or how many more went on disability these past two months. The shrinking workforce participation numbers are what is driving the unemployment percentage down. Millions fewer have jobs now than did when the number was 7.8% four years ago. Those jobs have been lost or destroyed by the current administration and Romney needs to hammer this 24/7. 7.8% is very, very wishful thinking.

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Reply 24 - Posted by: woodsman, 10/5/2012 8:54:09 AM     (No. 8911446)

Mitts to do list day one:

1. Sign repeal of Obamacare
2. Fire all Obama Czars and appointees
3. Find out who cooked these books and fire
them
4. Fire Bernanke
5. Rescind all executive orders
6. Order audits of the fed, freddy, fannie
7. Have Eric Holder arrested for perjury

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Reply 25 - Posted by: Bubbasuncle, 10/5/2012 8:55:20 AM     (No. 8911448)

Does it really matter what fake number they put out there? The millions of unemployed, and those who have stopped looking for work still know they are out of work. Every time they go to the gas pump they are reminded of how bad things are, gasoline has DOUBLED since the Empty Chair was inaugurated. Food prices are up over 35%! The Regimes propaganda machine my be lying about it, but it smacks people in the face every day! How bad is it for the Regime? On Yahoo of all places there was a poll asking: "Do you think last night's debate will change the outcome of the campaign?" 53% answered yes, it was a good night for Romney! That is on Yahoo, this is huge folks.

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Reply 26 - Posted by: fordtran, 10/5/2012 8:56:14 AM     (No. 8911451)

Yeah, and according to "Zimbabwe Ben" Bernanke, there is no evidence of infaltion either. What a load of horse hockey.

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Reply 27 - Posted by: Raristotle, 10/5/2012 8:56:26 AM     (No. 8911453)

Don't forget how many companies have delayed laying folks off to appease the Obama Administration.

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Reply 28 - Posted by: justavoter, 10/5/2012 8:57:13 AM     (No. 8911454)

When you change the formula it is real easy to the the number you are looking for. The labor dept change the way they calculate unemploment last week. How convienent!

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Reply 29 - Posted by: God of Irony, 10/5/2012 8:58:12 AM     (No. 8911456)

I hope all of the liberal economist who work for the government get fired when President Romney takes charge.

It has to be a crime to falsify and alter government data.

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Reply 30 - Posted by: hondo310, 10/5/2012 8:58:14 AM     (No. 8911457)

Haven't we been told repeatedly by this administration not to read too much into one months numbers? I bet they'll be racing to the cameras this morning.

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Reply 31 - Posted by: inigori, 10/5/2012 8:58:16 AM     (No. 8911458)

this is a liar numbers

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Reply 32 - Posted by: andyboy, 10/5/2012 8:58:21 AM     (No. 8911459)

Your latest figures are a sham;
I do not trust them, Bam I Am.

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Reply 33 - Posted by: jimmyfoxhound, 10/5/2012 8:58:24 AM     (No. 8911460)

why not just drop it to 1%? This is embarassing, blatant cooking of numbers all for political gain... Rush absolutely called this

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Reply 34 - Posted by: snowcloud, 10/5/2012 8:59:08 AM     (No. 8911461)

Job numbers limbo! How low will it go next month????

I bet and say an even 6.

This could be fun!

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Reply 35 - Posted by: Destinman, 10/5/2012 8:59:52 AM     (No. 8911462)



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Reply 36 - Posted by: mabelkitty, 10/5/2012 9:00:23 AM     (No. 8911464)

I can't roll my eyes hard enough.
And if there is another report, unemployment will drop again, and then after the election, the numbers will be revised upward to where they truly are - over 8%.

Your President and his cronies think you are idiots.

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Reply 37 - Posted by: NorthernDog, 10/5/2012 9:00:52 AM     (No. 8911468)

Yeah right. 3 weeks before the election the unemployment rate magically falls, even though there's no evidence that hiring picked up.
Jack Welch is reportedly publicly stating that the numbers are cooked.

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Reply 38 - Posted by: Cdunnrun, 10/5/2012 9:01:10 AM     (No. 8911469)

This will be the first time in American history where a drop in unemployment numbers ENRAGES the U.S. populace.

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Reply 39 - Posted by: Rather Read, 10/5/2012 9:03:51 AM     (No. 8911473)

Lots of places here are hiring and they are all part time Christmas jobs which will be gone in January.

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Reply 40 - Posted by: cinwasp, 10/5/2012 9:05:23 AM     (No. 8911480)

The Pinocchio President gets desperate. I know many people who have recently lost their jobs this month, especially in the healthcare field.



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Reply 41 - Posted by: pomom, 10/5/2012 9:06:03 AM     (No. 8911481)

They based this on a SURVEY of people at home. It does NOTHING to add to the GDP. This is so laughable and predictable and smacks of desperation.

I guess selling beanie babies on Ebay or cupcakes door to door in order to keep food on the table is now counted as full employment now.

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Reply 42 - Posted by: MattO, 10/5/2012 9:06:53 AM     (No. 8911483)

Hollywood, solar, wind and the Obama campaign hired tens of thousands of temporary workers who have not been told that they will be laid off as soon as next months job report is announced. The same people who initiated the pre-election 2008 stock market sell off (which unexpectedly snowballed to far) are at it again.

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Reply 43 - Posted by: ivehadit, 10/5/2012 9:08:51 AM     (No. 8911488)

I DARE ANY legitimate financial reporter to tout these numbers! Make that a double dog dare! These numbers don't pass the smell test, IMHO.

MISTRUST indeed. How on this green earth can you add ONLY 114,000 jobs and 800,000 find work?????
Adding 125,000 jobs per month barely keeps up with population growth! Outrageous.

"I have been in business 25 years and I have NEVER SEEN ACCOUNTING LIKE THIS!"

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Reply 44 - Posted by: starbaby, 10/5/2012 9:11:03 AM     (No. 8911494)

What we call in the financial biz, creative accounting. Or more accurately cooking the books. I do not believe it.

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Reply 45 - Posted by: Destinman, 10/5/2012 9:13:51 AM     (No. 8911501)

When people ask "What was wrong with Obummer during the debate ?, the answer is now very evident. The big fix is in. Why worry?

When you have a George Soros company counting a large percentage of the votes on election day, a national media that will absolutely do everything it can do to not report the truth, and an administration that can threaten and intimidate companies and networks to do their bidding, how can you lose.

AND OBUMMER KNOWS IT...THAT WHY HE'S NOT WORRIED.

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Reply 46 - Posted by: Mr. Know-It-All, 10/5/2012 9:23:24 AM     (No. 8911518)

114K jobs dropped the rate this much? I don't think so!

And yes, Rush has been predicting that this would happen for months. I am not surprised.

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Reply 47 - Posted by: Keekng, 10/5/2012 9:31:08 AM     (No. 8911533)

My dad just spoke from the grave, one word.....Hogwash!

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Reply 48 - Posted by: qmcgs, 10/5/2012 9:34:38 AM     (No. 8911544)

Here is a link to the BS from the BLS:
http://www.bls.gov/news.release/pdf/empsit.pdf

Another take on the numbers:
http://market-ticker.org/akcs-www?post=212379

The number of jobs created was less than the increase in the population. Since the number of people who dropped out of the workforce was greater than the increase in population, the unemployment statistic went down.

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Reply 49 - Posted by: starboard, 10/5/2012 9:36:25 AM     (No. 8911550)

#41 Right on. Since when do we count small independent business people as an employee. I would like to see a breakdown of these numbers from the Dept of Labor. We want specifics.

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Reply 50 - Posted by: Davids918, 10/5/2012 9:39:04 AM     (No. 8911554)

The economy is not growing but the Labor Secretary is touting the job growth across-the-board.

Obamination administration believes their own spin.

Romney needs to use this as sign of how out-of-touch this amdinistration is with the real economy, and suspect they will.



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Reply 51 - Posted by: treecat, 10/5/2012 9:41:57 AM     (No. 8911561)

Millions working part time, Millions more wishing we are working 'any time',...Millions Unemployed and 142,000 new workers...-

Are the Chicago Teachers returning to work in this #?


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Reply 52 - Posted by: happy conservative, 10/5/2012 10:01:53 AM     (No. 8911608)

Trying to yank that shower curtain back around the Wizard of Odds. Not going to work, except for with the Obama phone people. Might scare them.

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Reply 53 - Posted by: BaseballFan, 10/5/2012 10:25:46 AM     (No. 8911685)

Channeling Kramer from 'Seinfeld' :

"It's another Reelectivus MIRACLE!"


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Reply 54 - Posted by: PChristopher, 10/5/2012 11:00:33 AM     (No. 8911819)

'Fish'-house at low tide...High Heaven...Need I say more?


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Reply 55 - Posted by: stablemoney, 10/5/2012 11:11:01 AM     (No. 8911855)

There is no unemployment under socialism.

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Reply 56 - Posted by: geminale, 10/5/2012 11:12:25 AM     (No. 8911864)

Romney rightly emphasized the number of people on food stamps in the debate. He also needs to drive home the number on disability and the number who are underemployed or are part-time. The jobless rate is a sham and needs to be revealed for what it is.

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Reply 57 - Posted by: engrpat, 10/5/2012 11:12:49 AM     (No. 8911865)

Reported on our local news that in reality the majority of the jobs gained were part time ones. Not jobs with a future but part time.

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Reply 58 - Posted by: markinalpine, 10/5/2012 11:14:57 AM     (No. 8911869)

Don't forget that when the obysmal won dropped the requirement for the unemployed to be seeking jobs, they are no longer counted as unemployed because they aren't looking for work.

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Reply 59 - Posted by: bobgray2, 10/5/2012 12:13:42 PM     (No. 8912048)

Unexpectedly my backside. Anyone with more than working 2 brain cells could have told you that the numbers would drop below 8% right before the election, months ago. This group of democrat thugs think that the American people are morons who will believe anything they are told. Well, they might be half right.

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Reply 60 - Posted by: ocjim, 10/5/2012 1:46:21 PM     (No. 8912301)

Who made the surprising Jobless Rate announcement this morning? Susan Rice?

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American Spectator, by Jonah Goldberg and Taki Theodoracopulos    Original Article
Posted By: Drive- 4/16/2014 11:20:22 AM     Post Reply
Look, everyone loves Sean Connery, particularly Sean Connery. That’s why he plays Sean Connery in every movie he’s in. People love that Scottish brogue so much, they don’t mind that he has it when he plays Juan Sánchez Villa-Lobos Ramírez, an immortal Spaniard in Highlander. The guy even won an Oscar for playing an Irish cop with a Scottish accent. Talk about sexist double standards: Meryl Streep has to master foreign dialects to get her golden statuettes. Connery just has to show up on time. In economics you devalue a currency by printing too much of it. In film you

Elizabeth Warren whines about coverage
of her fraudulent Indian claim

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Daily Caller, by Patrick Howley    Original Article
Posted By: KarenJ1- 4/16/2014 9:54:52 PM     Post Reply
Democratic Massachusetts Sen. Elizabeth Warren wrote in her forthcoming book that she was “hurt” and “angry” by 2012 reporting on her fraudulent claim to Native American heritage. “What really threw me, though, were the constant attacks from the other side,” Warren wrote in her book “A Fighting Chance.” “I would almost persuade myself that I was starting to get the hang of full-throttle campaigning and then — bam! Out of left field, the state Republican Party, or the Brown campaign, or some blogger, would launch a rocket at me,” Warren wrote, adding, ”I was stunned by the attacks.” This reporter (blogger?) reported extensively

Former US president joins
opposition to Keystone XL

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Houston Chronicle, by Jennifer A. Dlouhy    Original Article
Posted By: JoniTx- 4/16/2014 10:32:12 PM     Post Reply
WASHINGTON — Former President Jimmy Carter joined fellow Nobel laureates Wednesday in opposing Keystone XL, insisting that approving the pipeline would trigger “more climate upheaval” around the globe. In an open letter to President Barack Obama and Secretary of State John Kerry, Carter and the nine other Nobel Peace Prize winners bluntly warned the leaders: “Your decision on the Keystone XL tar sands pipeline will define your climate legacy.” The missive, published as an advertisement in Politico, represents the first time Carter has taken a position on the $5.4 billion project and makes him the first former president to come

Fox News Poll: Many voters say Obama lies
to the country on important matters

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Fox News, by Dana Blanton    Original Article
Posted By: KarenJ1- 4/16/2014 7:39:27 PM     Post Reply
About six in ten American voters think Barack Obama lies to the country on important matters some or most of the time, according to a Fox News poll released Wednesday. Thirty-seven percent think Obama lies “most of the time,” while another 24 percent say he lies “some of the time.” Twenty percent of voters say “only now and then” and 15 percent “never.” Click here for the poll results. President Obama has been accused by political opponents and media fact-checkers alike of telling falsehoods. Frequently cited: His repeated claim that under Obamacare “If you like your plan, you can keep


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