“It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December of 2007," said Alan Krueger, chairman of the Council of Economic Advisers, in a statement.
But Romney said the downward trend in job creation for the past three months is distressing. “This is not what a real recovery looks like,” he said in a statement. “If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11 percent.”
The divergence between the unemployment rate falling and new jobs created is the result of two different surveys. The new jobs part is called the establishment survey, which is derived from questioning businesses about their hiring. The unemployment rate is derived from what is called the household survey, which involves calls to about 50,000 people to ask their job status.
From the household survey, the Bureau of Labor Statistics found that 873,000 people said they had found work. After estimating the number of people who got fired or laid off, the BLS, using that survey, found that the number of unemployed people had dropped by 456,000.