Saturday, June 2, 2012

The Latest Democrat Talking Point On Jobs: One Bad Employment Report Is Not A Trend

One day following a horrible jobs report, a bunch of Democratic operatives and Obama apologists are talking down yesterday's rise in the unemployment rate and the abysmal creation of only 69,000 jobs in May by using the old statistician's argument that "one month doesn't indicate a trend". The problem with this lie is that there is a trend; and, it's really bad.

Every month this year, job creation has weakened.  In January, the economy created 289,000 jobs.  A good number, but still well below what is expected from a truly recovering economy.  Then, in February, job creation fell by 25,000 jobs to 259,000.  In March, it was nearly cut in half to 142,000 and almost half again in April to 77,000.  If anything, yesterday's 69,000 job creation number actually bucked the trend of the previous two months by not coming in at nearly half April's 77,000 number.

As always, "a picture is worth a thousand words."  So, here's the chart and its associated trend line:


Now, if I was to project next month's job's data based on the above trend, I would say that there is a high probability that job creation might actually go negative.  What then all you Democrat pundits?

                                        Source of Data: U.S. Bureau of Labor Statistics

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