The local financial reporter was cheering that we got great news and cited the raw jobs added and ignored the rise in unemployment rate.
Why is it that, since Obama has been president, the liberals and the MSM de-emphasize the unemployment rate? Instead, they talk about jobs created, jobs saved, or jobs related to Porkulus.
What I don’t get is, while it’s great that new jobs were created in April, since the unemployment rate went up, doesn’t that mean that more jobs were lost than created? Or more people are now in the work force?
Nancy Pelosi once blasted George W. Bush as unemployment approached 6% at one point when he was president. Now apparently Nancy doesn’t consider far higher unemployment to be an issue, now that a good Democrat is president.