The FOX Business Network analyst and conservative in New York side-eyes the latest jobs report showing unemployment declined to 7.8 percent: "The number doesn't jibe, with
an economy growing at 1.3%. The only honest aspect of the report was
that more people were entering the work force, but I guarantee a new
line of questioning accompanied the Household Survey. Few people know
that President Obama placed a former contract negotiator and union
steward [Erica Groshen] to run the Bureau of Labor Statistics."
More: "What
was real in the Friday number was private sector job creation at
104,000, below consensus and less than half where it was a year ago. Manufacturing
continues to shed jobs, and temp work is exploding. This is a shadow of
what America is really all about. But, this is how nations morph when
the focus is on squeezing the gap between rich (and the so-called rich)
and poor, by browbeating the former, while spreading crumbs to the
latter."
Charles Payne Discusses The U.S. Jobs Report
