So if you only talk about the one step forward you took you are, as they say, not being completely honest. In fact, I’d say you’re lying. That’s what Obama’s chief economic advisor Alan Krueger is doing when he says, of the August jobs report released Friday, “Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector establishments added 103,000 jobs last month, and overall non-farm payroll employment rose by 96,000. The economy has now added private sector jobs for 30 straight months, for a total of 4.6 million jobs during that period.”
Krueger neglects to add that while 96,000 jobs were added in August, 368,000 were subtracted from the labor force. He neglects to says that while 4.6 million jobs were created in the last 30 months, nearly the same number were lost. 4.6 millions steps forward and nearly the same number back means you made no progress. 96,000 steps forward and 368,000 steps backward means you’re losing ground.
Krueger also says, “While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.” That’s like a fisherman saying, “While the fish don’t seem to be biting yet, this is further evidence that the fishing is good on this stream.”
Today’s Department of Labor monthly jobs report was an absolutely disaster for Obama and America. While U.S. employers did create 96,000 jobs last month, 368,000 Americans lost hope of finding a job and stopped looking for work entirely. Or as Paul Ryan said on CNBC, “For every net job created, nearly four people left the workforce.” Obama has now presided over a record 43 months of unemployment above 8 percent.