syrakusos Posted October 5, 2012 Share Posted October 5, 2012 "Sure, the government lies. Sure, the newspapers lie. But in a democracy, they are not the same lies." -- Alexis Gilliland, The Iron Law of Bureacracy, Loompanics, 1979. (Gilliland thumbnail on Wikipedia. His own website here.)Jobless rate tumbles to near four-year lowBy Lucia MutikaniWASHINGTON | Fri Oct 5, 2012 9:08am EDT(Reuters) - The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest point since January 2009 as employers added 114,000 workers to their payrolls.The drop in the unemployment rate reflected an even bigger surge in new jobs captured by a survey of households and came even as Americans returned to the labor force to resume the hunt for work. The workforce had shrank in the prior two months.(Reporting by Lucia Mutikani; Additional reporting by Julie Haviv in New York; Editing by Andrea RiccComplete article here (Read the full article and you will see that this story is not one big lie, but actually includes one disturbing truth.)Not in this article at all, in point of fact, the actual percentage of working age Americans with actual fulltime employment has fallen continuously since 2000, from over 65% to over 50%. Not tallied are those who work one or more part-time jobs, those who "work for themselves" who work "off the books" without having a business that employs countable others, or those of nominal working age who took "early retirements" when companies downsized, and who may work in the groups not tallied. Link to comment Share on other sites More sharing options...
syrakusos Posted October 5, 2012 Author Share Posted October 5, 2012 Obama touts jobs report as he seeks to lift campaignBy Mark FelsenthalFAIRFAX, Virginia - President Obama hailed a drop in the jobless rate to the lowest level since he took office, saying the country has "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney. Link to comment Share on other sites More sharing options...
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