Hey kids, guess what time it is! It’s job creation time! Which means it’s time to bring back that sexy economic data source, the Bikini Graph! In this episode, we learn that the unemployment rate dropped to 5.9%, the lowest it’s been since July 2008. That sound you hear is the GOP demanding President Obama’s impeachment for allowing this to happen on his watch. Jobsghazi!!!!
As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration:
Via Steve Benen at The Maddow Blog, here’s more on the new report from Bureau of Labor Statistics, including how the U.S. economy added 248,000 jobs in September, which was way above expectations. The private sector added 236,000, and the public sector added 12,000:
Once again, public-sector layoffs did not drag down the overall employment figures.