In response to:

White House: Don't Pay Attention to Specifics But, Unemployment is Actually 8.254%

lydia45 Wrote: Aug 04, 2012 6:53 PM
I agree economic trajectory is significant.Obama inherited the worst economic crisis since the Depression; nevertheless, the Obama administration has officially overseen a net increase in jobs over their 3.5+ years in office. Since late 2009, Obama has added 4.5 million jobs. Ronald Reagan who was not dealing with a collapse financial system only created 5.3 million jobs in his first term. When Obama took office we were losing jobs at about 800,000 per month; we now have had 29 consecutive months of job growth. The economy was shrinking almost 9 percent; it is now growing 1.5 percent-- 10 percentage points in growth. He has moved the economy from red to black. He has turned the corner; he is moving the economy forward.

President Obama’s economic czar Alan Krueger is desperately arguing today’s 8.3% unemployment rate is 8.254% not 8.3%....

The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July). 

As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other...