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The Media Is Catching On: “Created Or Saved” Jobs Numbers Just Don’t Add Up

It is hard to reconcile Friday’s dismal Bureau of Labor Statistics jobs report with Vice President Joe Biden’s claim from the previous Friday that “the Recovery Act is operating as advertised.” The BLS related the news that almost 200,000 more jobs... Full Article at Say Anything

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  1. The White House announced last week that the $787 billion stimulus package has "saved or created" more than 1 million jobs. Yet on Friday we learned that unemployment increased to 10.2%, and the number of unemployed Americans rose by 558,000 in October. Full Article at Newt.org

  2. This morning, Automatic Data Processing (ADP), the biggest payroll processing firm, estimated that the economy lost 203,000 private sector jobs in October. That was more than the consensus estimate of 190,000 jobs lost. Full Article at iStockAnalyst

  3. WASHINGTON (Reuters) - The Obama White House on Friday said the $787 billion economic stimulus plan approved early this year had saved or created 640,329 jobs so far. Full Article at Below the Beltway

  4. The White House says a new report shows federal stimulus efforts have created or saved about 650,000 jobs so far. The Obama administration also said Friday it is on track to reach the president's goal of 3.5 million jobs by the end of next year. Full Article at 10Connects.com

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  1. WASHINGTON - NOVEMBER 06:  Bureau of Labor Statistics Commissioner Keith Hall testifies before the Joint Economic Committee on Capitol Hill November 6, 2009 in Washington, DC. The unemployment rate in October reached to 10.2 percent, the highest since April, 1983.
  2. Bureau of Labor Statistics Commissioner Keith Hall testifies on Capitol Hill in Washington, Friday, Nov. 6, 2009, before the Joint Economic Committee hearing on the October jobs report.
  3. WASHINGTON - AUGUST 07:  U.S. President Barack Obama makes a brief statement about the economy in the Rose Garden at the White House August 7, 2009 in Washington, DC.
  4. WASHINGTON - AUGUST 07:  U.S. Bureau of Labor Statistics Commissioner Keith Hall testifies before the Congressoinal Joint Economic Committee on Captiol Hill August 7, 2009 in Washington, DC.
  5. FORT LAUDERDALE - APRIL 03:  Abran Lopez (2nd L) who was laid off as a landscaper and Angelina Martinez (R), laid off from her construction job, receive food from the pantry at the cooperative feeding program on April 3, 2009 in Fort Lauderdale, Florida.
  6. WASHINGTON - AUGUST 1:  Keith Hall, Commissioner of the Bureau of Labor Statistics, (C) arrives for a hearing of the  Joint Economic Committee on Capitol Hill August 1, 2008 in Washington, DC.
  7. WASHINGTON - APRIL 4:  Keith Hall, commissioner of the Bureau of Labor Statistics, speaks during a hearing of the Joint Economic Committee on Capitol Hill April 4, 2008 in Washington, DC. Hall appeared before the committee to testify about March's employment situation.
  8. WASHINGTON - APRIL 4:  Senator Charles Schumer (D-NY) speaks during a hearing of the Joint Economic Committee on Capitol Hill April 4, 2008 in Washington, DC. Keith Hall, commissioner of the Bureau of Labor Statistics, appeared before the committee to testify about March's employment situation.
  9. WASHINGTON - NOVEMBER 24:  U.S. Secretary of State Hillary Clinton (L) bows to members of the Indian delegation while waiting with U.S. Vice President Joe Biden (R) and his wife Jill before a state arrival ceremony for Indian Prime Minister Manmohan Singh hosted by U.S. President Barack Obama in...

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