Oh, Good Grief!… As Unemployment Rate Climbs Team Obama Says Economy Is Improving
And I have a lovely peaceful villa in Timbuktu I’d like to sell you.
(And of course the lib media agrees!)
US President Barack Obama attends a campaign rally in Orlando, Florida on August 2. The US economy created a solid 163,000 jobs in July, the Labor Department said Friday, unveiling data that will help Obama dull attacks from his Republican rival. (AFP /Jim Watson)
The White House said on Friday that data showing U.S. hiring increased in July showed the economy was continuing to recover, and stressed the jobless rate was “essentially unchanged” despite its rise from 8.2 percent to 8.3 percent.
“Today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression,” Alan Krueger, chairman of the White House Council of Economic Advisers, said in a statement.
He also noted that although the unemployment rate ticked up, “more precisely, the rate rose from 8.217 percent in June to 8.254 in July.” President Barack Obama, who is running for re-election in November, is under pressure to convince voters his policies are helping the economy.