Correction Please!
Getting Jobbed by the Government’s Statistics, Policies
Item: On September 2, 2016, the White House celebrated the latest jobs and unemployment statistics by the U.S. Department of Labor on its website. The summary by Jason Furman, chairman of the Council of Economic Advisers, headlined: “The economy added 151,000 jobs in August, as the unemployment rate and labor force participation both held steady.”
He stressed that the “unemployment rate held steady at 4.9 percent,” and said that “U.S. businesses have now added 15.1 million jobs since early 2010, and the longest streak of total job growth on record continued in August.”
Item: President Barack Obama has been patting himself on the back for some time because the official unemployment rate has ticked down. CNNMoney noted, quoting his comments: “‘We should be proud of the progress we’ve made.... We’ve recovered from the worst economic crisis since the 1930s,’ Obama said. He doesn’t believe he gets enough credit for creating over 14 million jobs.”
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