Obama Administration: Unemployment’s really only 8.254%, not 8.3% as those dastardly Republicans say

Posted without comment, via USA Today:

The White House is really getting specific when it comes to the unemployment rate.

Rather than 8.3% — the rounded-up figure — Obama economic adviser Alan Krueger writes on the White House website that the real jobless rate is 8.254%.

“The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July),” wrote Krueger, chairman of the Council of Economic Advisers.

He added: “Acting BLS (Bureau of Labor Statistics) Commissioner John Galvin noted in his statement that the unemployment rate was ‘essentially unchanged’ from June to July.”

 



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