◼ US economy adds 96K jobs; unemployment rate falls to 8.1 pct. as more people end job searches - Christopher s Rugaber/Associated Press
◼ 368,000 DROPPED OUT - BLOOMBERG ◼ Via Drudge
◼ Record 88,921,000 Americans ‘Not in Labor Force’—119,000 Fewer Employed in August Than July - CNS NEWS
◼ Workforce participation rate for men 69.9% - lowest since 1948...President Barack Obama knew of figures before big speech - TOBY HARNDEN IN CHARLOTTE, NORTH CAROLINA/DAILY MAIL
"For every net new job created, nearly four Americans gave up looking for work entirely. This is more of the same for middle class families who are suffering through the worst economic recovery since the Great Depression," Romney continued. "After 43 straight months of unemployment above 8 percent, it is clear that President Obama just hasn't lived up to his promises and his policies haven't worked. We aren’t better off than they were four years ago."◼ RYAN: 'Failed Leadership'... - AP
The answer is by warning Americans “not to read too much into any one monthly report.” Perhaps the bad news is an anomaly, Council of Economic Advisers chairman Alan Krueger warned Friday.
Of course, Krueger said the same thing last month. And the month before. And the month before. Noticing the depressing repetitiveness of the White House’s analysis, the Romney campaign last month dug through old reports and put together a list of 30 examples, going back to November, 2009, in which the administration warned Americans not to “read too much into” discouraging jobs numbers. Now, there are 31.
