![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ObamaUnemploymentNOPERCENTBACK.jpg\"\/)
RUSH: Want to go back to the unemployment numbers that came out Thursday and Friday. You know, the employment number went up to 8.3%. The Bureau of Labor Statistics said that 163,000 new jobs were created. We used BLS numbers ourselves to show you how this isn\u2019t true. We talked about “seasonal adjustment.” But a random act of journalism — a stunning random act of journalism — in the Washington Post yesterday in the Sunday paper.<\/p>\n
Now, you who are regular listeners are well aware of the seasonal adjustments in January and July being the two months, traditionally, where the BLS says the most jobs have been lost. But it\u2019s a guess. It\u2019s a wild guess. Even John Crudele writing in the New York Post said: Up \u2019til now, I knew the numbers were fudged. I mean up \u2019til now he knew they were playing games with the numbers, but not until last week\u2019s report did Crudele think that we were being lied to about it all for political purposes.<\/p>\n
That\u2019s how egregious this report was. “The US economy follows certain predictable patterns in hiring and layoffs every year. School districts always let workers go for the summer and hire in the fall. Retailers always staff up for the Christmas holidays and lay people off afterwards. Students always flood the labor market in June. So if we want to know how well the economy is doing, we want to know how many jobs were added after taking these predictable fluctuations into account.<\/p>\n
“Some seasonal adjustments are necessary…” Anyway, cut through all the gobbledygook here, and what you\u2019re left with is the guy (Brad Plumer) says, “Over the longer term, these fluctuations shouldn\u2019t matter much. Inaccurate seasonal adjustments might make some jobs reports look unduly pessimistic and others unduly optimistic. But they can\u00c2\u2019t mask,” they cannot mask, “the overall health of the economy for too long. Eventually, the jobs reports balance out.<\/p>\n
“So look at the long-term trends. For the past one-and-a-half years, the US economy has added about 152,000 jobs per month on average.” Now, stick with me on this, because at the rate we\u2019re creating jobs… This was in the Washington Post on Sunday. It was in other places, too. The Washington Post reports: “[T]he US economy won\u00c2\u2019t get back to full employment until 2025 at this pace.” That\u2019s Obama\u2019s Summer of Recovery, which was three years ago, and then last year. They didn\u2019t talk about it being the case this year. But…<\/p>\n
(interruption) See? See? Right there. ESPN\u2019s on. They\u2019re showing the hit against the quarterback, and they\u2019re asking, “Is this the kind of hit that the Saints would have been penalized for under the bounty program?” It was a legal hit. The quarterback was taken out. They\u2019re asking, “Was anybody on the Saints paid for this hit?” I guarantee you. Folks, I know what I\u2019m talking about here. And I\u2019m gonna be the only one that believes it until it happens, and then everybody will forget that I was the first making the prediction.<\/p>\n
“Well, Rush, where have you been on this?”<\/p>\n
“Oh, yeah. I forgot.”<\/p>\n
I was only the first one to say it.<\/p>\n
2025! This is awful, folks, this is literally awful. We won\u2019t get back to where we started in 2009 when Obama took office. Well, we won\u2019t get back to where we were before he took office in 2008-2007, until 2025, at this pace, and this rate\u2019s not gonna be maintained. It\u2019s gonna get worse! That\u2019s the really sad thing. Even the New York Times had a random act of journalism on Friday on their blog post on their website. They even said that these seasonal adjustments are wrong more than they\u2019re right, that they\u2019ve been wrong 62% of the time.<\/p>\n
![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/000MostDangerousMan.jpg\"\/)
<\/a>We would have to add 280,000 jobs in each of the next three months for the unemployment rate to get below 8%. Which, by the way, the regime, from what I gather, was actually hoping would happen. They actually were hoping for that. The number is 7.2%. No incumbent president ever been reelected with an unemployment higher than 7.2%. What they needed was this number to get down to 7.9%. Once it gets to seven, then the 0.9, 0.8, wouldn\u2019t matter. They would just report the rate as “7%.”<\/p>\n