The propagandists in the corporate media are scratching their heads trying to figure out how to paint a rosy picture using the shockingly bad employment news out of the Labor Department today.
Here’s the raw data:
The official unemployment rate fell from 9.4% to 9.0%, when the prediction had been that it was going to move up slightly to 9.5%
The number of new jobs added was a net 36,000, the lowest increase since last September, when the economy was still losing jobs.
Here are some of the media quotes:
Associated Press: ‘The unemployment rate dropped sharply last month to 9 percent, based on a government survey that found that more than a half-million people found work.