Bikini Graph time! "The unemployment rate went up slightly because of GOOD news... Job growth improved."


As Paddy posted earlier, the October jobs report shows growth was better than expected last month.

The right wing conspiracy theorists and whiny political commentators have their work cut out for them today. They can try to spin the latest unemployment numbers as negatively as they want, but facts are facts.

Steve Benen at The Maddow Blog:

[T]he talking point is based on either ignorance or a desire to mislead. The unemployment rate went up slightly because of good news -- more Americans got back in the game, re-entering the labor market as the job landscape improves. For Republicans to characterize this as discouraging is ridiculous.

By objective matters, today's report is a fairly strong one. Job growth improved, revisions for the two previous months were up significantly, the labor force grew, and the overall jobless rate is obviously steadily declining. What's more, as Rachel noted on the show last night, this comes against a backdrop of other encouraging economic news.

I suspect Romney/Ryan and its allies will spend the day shouting, "The unemployment rate went up 0.1%!" but this will be almost as silly as the conspiracy theorists' nonsense.

Listening to those on the right twisting themselves into knots over good news is as eyebrow-raising as it is entertaining.  You'd think they'd be happy that there's good news coming America's way, but as usual, they're more interested in winning at all costs than telling the truth and accepting a black, Democratic president's success.

Speaking of success, Benen has more to share with us, via our old friend, the Bikini Graph (red columns point to monthly job totals under the Bush administration, blue columns point to job totals under the Obama administration):

[T]he figures offer good economic news for the American people, and good political news for President Obama. [...]

The overall unemployment rate ticked slightly higher, to 7.9%, but that's the result of a positive trend -- more Americans entered the workforce, which is exactly what we'd hope to see in an improving economy.

Even more encouraging, the new report revised job totals from August and September, and both were updated in a good direction, adding a combined 84,000.

So there.