Of course they failed to mention 150K dropped out of the work force meaning they are no longer counted in the official unemployment rate.

Via Beltway Confidential:

President Obama’s top economic adviser explained today that the national unemployment rate is not really 8.3 percent, as the Labor Department announced.

“The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July),” Alan Krueger, chair of the Council of Economic Advisers, wrote on the White House blog. “Acting BLS Commissioner John Galvin noted in his statement that the unemployment rate was ‘essentially unchanged’ from June to July.” […]

He did not mention that 195,000 fewer Americans had jobs this month as opposed to last month, as 150,000 Americans dropped out of the labor force (and so were not counted in the Labor Department’s calculation of the unemployment rate).

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