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Mixed Jobs Report Shows Unemployment Down to 7.8%

Johnmor Wrote: Oct 05, 2012 1:26 PM

I just watched the CNBC interview with the Labor Secretery this morning. When she is questioned about the numbers, her blink rate went through the roof, a sure sign she is lying. I watched it first without the volume to see if I could determine when the lies started and then with the volume. It is truly amazing.

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Mixed Jobs Report Shows Unemployment Down to 7.8%

The jobs report prepared by the Bureau of Labor Statistics had mixed news today. Job growth was mediocre - only 114,000 new jobs were added in September, which isn't even enough to keep up with population growth. The top-line unemployment number fell to 7.8% and there was actually an increase in the labor force participation rate.

The biggest news consisted of revisions to previous reports. BLS revised the previous two months up by almost 100,000 total jobs (there were 40,000 more jobs added to August and 44,000 jobs added to July).

The economy has remained sluggish, even with the...

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