Friday, August 5, 2011

July Unemployment Rate: 9.1%A farewell to discouraged job seekers.

The new July unemployment numbers from the Bureau of Labor Statistics were released today. The BLS servers promptly crashed, another spectacular triumph for your $3.7 trillion deficit-fueled federal government. Technicians are scrambling to replace vacuum tubes and reel-to-reel tapes as we speak. In the basement of BLS headquarters, a guy wearing horn-rimmed glasses held together by tape is waving a fistful of punch cards and screaming at a fat technician wearing a Mrs. Pac-Man T-shirt.


Meanwhile, various news sources report the carefully massaged “official” U-3 unemployment rate dipped from 9.2% to 9.1%, while the real U-6 rate dropped from 16.2% to 16.1%.

Payrolls rose by 117,000 jobs, which is better than the 85,000 jobs projected for July, and much better than the horrifying 46,000 jobs added in June. The May and June totals were also revised upward by 56,000 jobs.
CONTINUED:  http://www.humanevents.com/article.php?id=45330

RUSH LIMBAUGH EXPLAINED THE TRUE NUMBERS TODAY ON RADIO: 
http://www.rushlimbaugh.com/home/daily/site_080411/content/01125108.guest.html

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