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September 2012 Jobs Report

Bonnie Kavoussi

Why The Jobs Report Conspiracy Theory Is Baseless

HuffingtonPost.com | Bonnie Kavoussi | Posted 10.05.2012 | Business

If you think the numbers in the September jobs report were skewed to help President Barack Obama, a look into how the figures are calculated will prove you wrong.

Why Unemployment Should Be 6.8 Percent, Not 7.8 Percent

Mark Gongloff | Posted 12.05.2012 | Business
Mark Gongloff

The latest jobs numbers could have been much worse -- but they also could have been a lot better. Try 6.8 percent unemployment instead of 7.8 percent. The risk of a only half-decent jobs report like September's is that it might cause policymakers to lose sight of how far the job market still has to go. The bulk of the jobs picked up in the September report were part-time jobs. Many of the jobs created in the recovery have been lower-wage jobs. The unemployment rate among those ages 18 to 29 is 11.8 percent. African-Americans are suffering a 13.4 percent unemployment rate. More than 1.7 million Americans have been unemployed for 99 weeks or more. Meanwhile, the fiscal cliff of tax increases and spending cuts is looming at the end of the year, and Europe could blow up at any moment. It's not time to celebrate.