Saturday, October 6, 2012

The economy IS getting better, job report or no

Posted By on Sat, Oct 6, 2012 at 6:19 AM

JACK WELCH: Im not accusing anybody of anything.
  • JACK WELCH: 'I'm not accusing anybody of anything.'
Joe Nocera of the New York Times offers a calm analysis of the monthly unemployment numbers, which had good news in a declining employment rate but a soft report on additional jobs. He explains thoroughly why Republican conspiracy theories are best dismissed. (Gotta love Republics who trust completely every good poll number they receive, but call all others manipulated.) Nocera admits to some head-scratching about contradictory aspects of the report, but also notes it's not the first time it's happened given differing methodology in the data gathering.

Nocera also quotes bullyboy Republican Jack Welch as backing off from some of his overheated comments about supposedly corrupt numbers from an independent federal agency insulated from politics.

Here's what's important:

There is rough justice in the way things are playing out. Having spent the last year wrongly blaming the president for high unemployment, Republicans can only stand by helplessly as the unemployment rate goes down at the worst possible moment for them. Fox News scoured the data Friday, looking for signs that the economy wasn’t improving. They found some: high unemployment for African-Americans, for instance, and fewer manufacturing jobs.

But the data were largely overwhelmed by positive signals. In its revised figures for July and August, for instance, the bureau said that more jobs had been created than it originally estimated. People with only high school degrees were finding jobs. The number of people who had been out of work for six months or more was at its lowest point in three years.

Whether the Republicans like it or not, the economy is slowing getting better.

What kind of American would WANT bad economic results? Somebody who puts politics above country?

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