Strange Days for Employment Data

Today’s “employment situation” release from the U.S. Bureau of Labor Statistics (BLS) presents what might be termed a mixed-but-still-tepid picture best summarized with this quotation:

Employment growth has averaged 157,000 per month thus far in 2012, about the same as the average monthly gain of 153,000 in 2011.

That’s not much of an improvement, and it’s not nearly enough to speak of anything like a healthy growth rate.
But a reasonable analysis, teasing out as much election-season politics as it is possible to do, has to admit the peculiarity of the report.
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10 years ago

Unemployment increases, and yet the USAT, CNN and NBCNews still declares this good news for Obama. There’s no bias here. None at all.

10 years ago

error on my comment. It’s not called the unemployment rate anymore it’s now the jobless rate at least while Obama’s in office.

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