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White House: Unemployment Rate Not 8.3%, It's 8.254%

White House: Unemployment Rate Not 8.3%, It's 8.254%

Whoa, hey, slow down everyone. The unemployment rate increase isn’t all that bad.

Ladies and gentlemen, your oh-so empathetic White House:

The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July). Acting BLS Commissioner John Galvin noted in his statement that the unemployment rate was “essentially unchanged” from June to July.

How many people does that .04658771000004788222299985347 increase add up to in a country of 300 million?

Who cares?

They’re only people.

Spin, baby, spin.

And by “baby” — I of course mean “the media.”

By the way, despite the media spin, this is the second uptick in unemployment in just a few months. In March our unemployment rate was 8.1%.

Someone needs to tell Obama he’s doing it wrong.

Yep, we paid $800 billion dollars for a stimulus and all we got was more lousy unemployment.   

 

Follow John Nolte on Twitter @NolteNC

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