Watch this joyous celebration of the unemployment announcement at MSNBC. I am certain it was a democrat party. But come on.
Now read the actual post from the Bureau of Labor and Statistics website and explain to me what they were cheering about.
THE EMPLOYMENT SITUATION — AUGUST 2012
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data The unemployment rate edged down in August to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August. (See table A-1.) Among the major worker groups, the unemployment rates for adult men (7.6 percent), adult women (7.3 percent), teenagers (24.6 percent), whites (7.2 percent), blacks (14.1 percent), and Hispanics (10.2 percent) showed little or no change in August. The jobless rate for Asians was 5.9 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.) In August, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.0 percent of the unemployed. (See table A-12.) Both the civilian labor force (154.6 million) and the labor force participation rate (63.5 percent) declined in August. The employment-population ratio, at 58.3 percent, was little changed. (See table A-1.)
Folks there was nothing positive in that announcement. In fact it pretty much said nothing really changed. So how did the rate drop from 8.3 to 8.1? Simple people stopped looking for work! Once again there is nothing positive in this report. In fact that last statistic is the most telling. The labor force is shrinking!
As this chart shows Post 9/11/01 the employment began to drop and it stabilized in 2004 and even stayed steady in 2008 but look what happens in 2009 until today. That is a steep decline in jobs in America.
I will let you draw a conclusion from this data. I know mine.