The Obama administration is dancing around the campaign floor as the latest jobless figures have been released. Even though few if any of his jobs plans have been enacted, the president is taking full credit for the drop from 9.0% to 8.6% in just one month.
What they are not going to tell you is that the one month drop of 0.4% unemployment is actually a ruse and not a true indicator of the real state of affairs.
The Labor Department says that employers only added about 120,000 jobs this past month compared to the 80,000 added the previous month when we only saw a 0.1% drop in the unemployment rate.
Part of the increase in jobs could be related to seasonal jobs with retailers and warehouses hiring for the Christmas season. If this is the case, then many of these jobs will go away come January and the unemployment rate will climb part way back up.
Other analysts are indicating that the huge drop in unemployment was caused by about 300,000 Americans giving up on finding jobs in the regular employment sectors. They have given up on the dismal system and are turning to other means of trying to earn an income. Some of these people are turning to various entrepreneurial businesses while others are following the example of illegals and are turning to day labor jobs where they are paid in cash on a day-to-day basis.
When you add up the 300,000+ that have given up on the conventional employment avenues with the thousands hired for seasonal labor, the new 8.6% unemployment figure is merely a ruse and does not represent what is really happening. So in reality, the dance the Obamanites are doing is more the dance of fools instead of a victory dance.