On Friday, President Barack Obama’s Chairman of the Council of Economic Advisers Alan B. Krueger took a victory lap of sorts after the Labor Department’s jobs report showed the U.S. added 165,000 nonfarm payroll jobs in April.
“Today’s employment report provides further evidence that the U.S. economy is continuing to recover,” said Krueger.
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 onthe 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 [...]