Media Spins Rise in Unemployment Rate as Good News
Announcement! Announcement! We are at war with Eastasia today!
Announcement! Announcement! We are at war with Eurasia today!
I mean, Easta–
I mean-, Eur-
Oh, screw it — Vote for Obama!
Unemployment increased today for the second time in just a few months. In April, the unemployment rate was 8.1%. In May it rose to 8.2%. Last month unemployment rose once again to 8.3%.
Last month also saw a better than predicted increase in jobs numbers, 163,000 new jobs were created. But you have to grade those numbers on one helluva curve to in any way spin it as a good thing. We need at least that many jobs per month just to keep up with the population, and in a real recovery we should at least be gaining 300,000 jobs per month.
Only an abject failure like Obama could make 165,000 sound anything like good news.