The unemployment rate hit 10.2%. No, that isn't the surprising bit. Everyone who reads Michael Shedlock saw that coming a mile away. What surprised me was the extreme spin they tried to put on it. I'm pretty sure somebody at the White House thinks this is sheer genius. You be the judge.
The line goes like this: The unemployment rate was rising less quickly, and that was in line with the (completely made-up) 3.5% GDP growth rate, both of which were signs of a recovering US economy. In fact, what happened, you see, was that more people thought they could get a job, so more people joined the unemployment roles by looking for jobs. That's right, the economy is soooo GOOD that the formerly-discouraged unemployed workers are out there looking for jobs again. THAT'S why the unemployment number jumped.
Specifically, it is NOT A CONTINUATION of the DETERIORATING state of the US economy!
From Moonbattery, I stole this graph and modified it to make my point. Click it to see the full size version.
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This announcement has not been approved by the Ministry of Propaganda. Please do not take it seriously. This story was not promulgated by a serious news organization. Sleep. Sleep. Sleep.
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