ObamaFAIL! Unemployment rate spikes to 8.3% – actual amount of Americans working in July dropped by 195,000
The pink slime media is all giddy today. They think the number of jobs reported to be added will save their Messiah Obama. Problem for them and the rest of the nutty leftists is the facts. The unemployment rate went up again to 8.3%, and the actual amount of Americans working dropped by 195,000 in July. Don’t believe me? Believe Obama biased CNBC for writing these facts that liberals wouldn’t understand.
Despite the seemingly good news, the report’s household survey showed that the actual amount of Americans working dropped by 195,000, with the net job gain resulting primarily from seasonal adjustments in the establishment survey. The birth-death model, which approximates net job growth from newly added or closed businesses, added 52,000 to the total.
The household survey also showed 150,000 fewer Americans in the workforce.