The Great Obama Unemployment continues: In September, the U.S. economy lost jobs for the fourth consecutive month. According to the Labor Department, 95,000 jobs were lost, and the unemployment rate held steady at a dismal 9.6 percent. In addition, as reported by Reuters, “The government revised data for July and August to show 15,000 more jobs lost that previously reported.”
Those are the official numbers; the real picture may be even worse. As Gallup reported on October 7: “Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September — up sharply from 9.3% in August and 8.9% in July.” Whoever is doing the measuring, it’s clear that millions of American families continue to struggle in a depressed labor market, as the “Summer of Recovery” gives way to the Autumn of Despair.