White House: 8.3 percent unemployment? No! 8.254 percent!

Your daily technically-accurate-but-politically-cringe-inducing-spin moment came courtesy of the chairman of President Barack Obama's Council of Economic Advisers, Alan Krueger, who took issue Friday with reports that the unemployment rate rose in July from 8.2 percent to 8.3 percent. "More precisely, the rate rose from 8.217% in June to 8.254% in July," Krueger wrote on the official White House blog, adding: "Acting BLS Commissioner John Galvin noted in his statement that the...Full Story
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