Never trust a government(as if anyone does at this point) that starving fo good news in this respect for example this administration would be bummed if we had a nuclear exchange but put positive spin that the unemployment claims would go down in the weeks to follow as nobody can file.
Can someone explain how job growth increases while unemployment increases? If unemployment is increasing, aren't more people out of work? How can there be job growth, then?
What am I missing?
There are several things involved here. It gets complicated. Let's use the following example:
Say a month (or other period) starts with 1,000,000 people employed and 50,000 people out of work (4.76% unemployment). During the month, 2,000 people leave the workforce (die, or retire), but 10,000 people enter the workforce for the first time (just from population growth, or from those not presently looking), and 3,000 of those people find jobs. Along with that, 4,000 of last month's 50,000 unemployed found work during the month.
At the end of the month, there are 1,005,000 people employed and 53,000 people are out of a job. The unemployment rate went from 4.76% to 5.0%, even though 7,000 people found work in that month.
So the jobs numbers would be 7,000 and the unemployed would have risen from 50,000 to 53,000.
In other words, the number of unemployed can rise just because new people are entering the workforce but have not not found jobs.
Just remember the unemployed numbers have been 300,000 to 350,000 per month, while the jobs numbers have averaged 140,000 each month over the last 42 months. Having people drop out of the workforce is the only reason the unemployment rate has come down to 8.3% (in fact, in reality, it's 15%), which has been beneficial to Obama. As more people come back into the workforce, looking for work but not finding any, the unemployment rate will skyrocket.
I hope this wasn't too complicated. I tried to keep it as simple as possible, but the numbers can start to spin your brain. I'm going to go get an aspirin now. :)
Hannity had a great segment on this last night with Eric Bolling. He explained this excellently. Maybe Scoop will put up that video cause its important to know. Great job by Eric.
Looking at the jobs data more closely, there were less job losers, quitters, and new entrants signing up for unemployment. However there was a very sizable increase in re-entrants (people who had previously given up looking and have now tried to re-enter the workforce but couldn't find jobs). I guess that if those people had stayed on the sidelines, the unemployment rate might have fallen?
Obama will spin everything his way though, focusing on added jobs in the private sector and ignoring the overall net reduction in the civilian work force of 155,000 for July. He always ignores net numbers, citing only the positive. Disingenuous politician.
I'm not surprised the numbers were higher than expected. When last month's numbers came in lower than expected, I guessed that Obama would have the numbers fudged this time around to make them look higher this month. One factor that is never mentioned is the margin of error (+/- 100,000).
The truth is, the most important number to look at is the work force participation rate, which keeps falling and falling. That is pretty unsettling.
With the U6 at 15%, we have to remember what Obama himself said over 30 different times in the last 42 months - Don't read too much into one month's jobs numbers.
When the dust settles, I expect the 163,000 number to be adjusted down, but be assured that the media won't report that.
Worry not, when the corrections are issued next couple of months, it will be quietly pushed to the back of the page.
"but be assured that the media won't report that."
I have no doubt. The modern media is the most vicious, un-American entity we've ever faced on our own soil.
They don't even try and hide their bias anymore.
Yahoo has a headline: BREAKING NEWS: JOB NUMBERS GROW...(words to that effect) then in the small print it gives the unemployment percentage.
IF bo wins, he won't win because he earned it, he will win because he has help that doesn't cost him one red cent.
Expect this to continue through election day. I've been checking reporting on this story, and most MSM news stories start off with the info about a "higher-than-expected increase in jobs," and then mention the 8.3% later. In one story, they didn't get to the 8.3% until the third paragraph. It seems like the media are even more pro-Obama than they were in 2008. If a Republican president had these kinds of unemployment numbers, the MSM headlines would be, "Jobs Picture Bad... and Getting Worse" or "Jobs Picture Could Cost President His Job."
This is an expected tragedy.
Sadly, the LSM and as you so astutely mentioned Scoop, Biden will all hail this as a good thing. These liars are criminal in what they are doing to America.
So, let's see... 8.3% unemployment = what, 15+% REAL unemployment? And Barry wants 4 more years? Why? To finish the job of destroying our country?