Unreal… White House: Grim Jobs Report Means “The US Economy Is Continuing to Recover”
Is this some kind of a bad joke?
The White House said today’s dismal jobs report was “further evidence the US economy is continuing to recover.”
Another successful month.
The civilian labor force participation rate is now at its lowest level since September 1981. (AEIdeas)
The White House says that the August jobs report shows that the nation is continuing to recover, despite more Americans giving up their job search.
Alan Krueger, chairman for the White House Council of Economic Advisers, writes in The White House Blog that it is “important to not read too much into” just one monthly jobs report.
“While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression,” Krueger explained.