Obama adviser: Jobless rate is really 8.254%
"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)," wrote Krueger, chairman of the Council of Economic Advisers.
He added: "Acting BLS (Bureau of Labor Statistics) Commissioner John Galvin noted in his statement that the unemployment rate was 'essentially unchanged' from June to July."
We doubt that Republican Mitt Romney and his allies will draw that distinction.
"Today's increase in the unemployment rate is a hammer blow to struggling middle-class families," Romney said in a statement.
Other GOP members mocked Krueger for declaring the jobless rate at 8.254%.
Republican Party spokeswoman Kirsten Kukowski said, "23 million people struggling for work isn't a rounding error. And the White House's attempts to argue show just how out of touch they are."
Posted August 3, 2012 - 2:17 pm