Romney’s Take on the Employment Report

Benjy Sarlin listens to Mitt Romney so we don’t have to:

Today’s increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill.

You might be protesting that the Employment Report said employment rate rose by 171 thousand. But remember that’s the Payroll Survey so let’s take a look at the Household Survey to see why the unemployment rate rose from 7.8% to 7.9%. The employment to population ratio actually rose from 58.7% to 58.8%, while the labor force participation rate rose from 63.6% to 63.8%. Either Mr. Romney is incredibly stupid or amazingly dishonest.