Given their dismal ability to offer a forecast that’s anything close to accurate, one has to question why anyone other than market-watching broadcast media eager to fill empty air time would pay attention to what economists have to say.
Equally curious, one might notice, is the shameless ability of the leftists to declare a loser to be a winner as they smear a thick coating of glossy lipstick on the pig that is the Obama economy.
PoliticusUSA — the website that touts itself as offering “real liberal politics” — has just put so much spin on the latest jobs report from the government that any reasonable visitor might suffer a debilitating bout of dizziness just reading their post.
“More Bad News For Republicans As President Obama Sets A New Job Growth Record,” proclaims the PoliticusUSA headline. The “record” the lib site trumpets is the administration’s self-declared achievement “that March makes the 61st straight month of job growth — ‘extending the longest streak on record’.”
So the number of jobs added in March was really spectacular, eh? Well, not so much, as USA Today notes in a post far less congratulatory of Obama’s economic policies.
“Employers added a subpar 126,000 jobs in March as the labor market cooled off…. Economists surveyed by Action Economics expected employment gains of 248,000, according to their median forecast.”
Further bad news in the latest unemployment numbers from the feds: “Job gains for January and February were revised down by a total 69,000.”
And about that Obama-driven jobs “record” the far-left website celebrated, a really key number that PoliticusUSA neglected to highlight during their happy dance for the president — the incredibly high number of discouraged Americans who have dropped out of the labor force, job seekers who have given up.
Breitbart digs down into the revealing statistics that expose the failure of the administration to implement policies that benefit Americans across the board:
More Americans dropped out of the labor force last month, as the number of people not in the labor force hit another record high in March.
According to Friday’s Bureau of Labor Statics jobs data 93,175,000 Americans were not in the work force in March, an addition of 277,000 to February’s level of 92,898,000.
The Breitbart post notes that March was the first month in which records have been kept where the number of people not in the U.S. labor force surpassed 93 million.
One sector of the economy hard hit by falling gasoline prices has been the mining industry, which includes oil and gas companies. As USA Today notes:
Oil producers and related service companies have announced about 80,000 layoffs since December amid a sharp drop in crude prices. Manufacturers that supply the industry also have planned an additional 10,000.
This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom