A Christian financial expert is reacting to Friday’s unemployment rate report out of Washington, calling the alleged drop “deceptive” and indicative of why Americans are losing faith in their government.
The federal government says the unemployment rate fell sharply from 8.1 percent to 7.8 percent last month — the same unemployment rate as when Barack Obama took office. According to the report, 114,000 jobs were added in September – many of them part-time.
Last month, Dan Celia of Financial Issues Stewardship Ministries predicted the jobless rate would fall to 7.9 percent in the October jobs report — which is due out just days before the November election. But the drop reported today, according to Celia, is not the result of a massive number of jobs being created.
“I said it was a setup. This was more smoke and mirrors and deception,” he said Friday on American Family Radio. “And I also said that I’ve lost all confidence and faith — what little I had, and I didn’t have a lot — in the Department of Labor Statistics.
“Well, this number that we got today, going down below eight percent leading up to the election, is confirmation of everything that I’ve been saying. And I’m sad to say that because this is our government that we’re losing faith in.”