Somebody on the AP General Desk may wish he had held off a few minutes. He filed a lede predicting:
With a month to go until the presidential election, the government on Friday issues its September jobs report, expected to show an uptick in the U.S. unemployment rate after employers added only a modest number of jobs.
You've seen that the opposite occurred. The official unemployment rate -- which may or may not be a number related to any earthly reality -- fell to 7.8 per cent, and we were blessed with a few more new jobs than predicted.
It isn't a horrible journalistic mistake. Technically, it is not an error at all because it was true when released and based on quotations from "experts." But it is a useful reminder to keep your salt shaker handy when reading the day's news.
The campaign to re-coronate His Ineptness has to love the new numbers. If nothing else they kill the GOP sloganeering that the current ruler has presided over an 8 per cent or higher unemployment rate since Day One of the Unicorn Administration.
But with Kwee* Three in full assault on the accumulated wealth of American citizens, a fractional rise or fall in number of Americans hired by MacDonald's or the Staten Island Topless Car Wash is damned thin gruel for any claim that happy days are her again.
---
*TMR speak for QE -- Quantitative Easing -- which is a term altogether too pretentious for creating money out of thin air.
No comments:
Post a Comment