**Written by Doug Powers
The White House is really getting specific when it comes to the unemployment rate.
Rather than 8.3% — the rounded-up figure — Obama economic adviser Alan B. Krueger writes on the White House website that the real jobless rate is 8.254%.
“The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July),” wrote Krueger, chairman of the Council of Economic Advisers.
It’s .046 percent lower than reported? Welcome to the recovery! … Again!
Krueger’s predecessor, Austan Goolsbee, who has since left the administration to return to the only place their theories can actually be made to work — a university lecture hall — called the overall growth rate “measly” in this clip from shortly before today’s jobs report was released:
If Goolsbee still had his old job the above would have gone from “there aren’t going to be any jobs” to “a smile is just a frown turned upside-down.” But now that chore falls on Krueger, who does so much spinning that there’s a rumor he pops dimenhydrinate tabs from a John Maynard Keynes limited edition signature Pez dispenser to keep from falling down.
(video h/t Ed Morrissey)
**Written by Doug Powers
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