The dialog has been interesting today regarding this topic. May be something to watch in the near future.
The unemployment numbers from the Gov’t have never been completely honest…They don’t take into consideration people who:
Have given up looking.
Want full time work but, are working part-time.
Those with degrees,who can’t find work and have went back to school in the hope of obtaining a degree in something with a viable future.
Were forced to retire early because they could’nt find a job.
Take all of the above into consideration, and the real unemployment figures would probably be around 12-15% or more…
You’re right on Ralph. Trouble this time seems to be that while only 115,000 jobs were “officially” added, we need at least 150,000+ each month to keep up with population growth. So how we had a significant reduction in unemployment is beyond many.
An in home survey of sorts is being credited for the increase, which is what is being questioned.
they added a ton of “part time” workers to the numbers. I guess those halloween store workers are going to save the econonmy
On top of what ralph mentioned…
This was announced less than 48 hours after Romney mopped the floor with Obama and Mitt’s poll numbers have improved since then. Even in battleground states such as VA.,FL., and OH…Yeh you bet somebody’s tampered with unemployment #'s.
-Jax
Check over at http://globaleconomicanalysis.blogspot.com Mish has a good article about this right below the article about the chaos in Greece…Both are worth reading…
Amazing coincidence isn’t it? Also amazing that in this age of superior communications we have a nation seemingly complacent that our Ambassador and three fellow Americans were killed by militants despite the now disclosed Ambassador’s overt concerns for his security.
This event and how it’s been covered absolutely FLOORS me.
Do you remember when the media got hold of the footage in Mogadishu of the air crewman’s body being dragged out? I don’t want to diminish what happened to him and I think I may know his name but out of respect will leave that for a different day.
My point is there was a media frenzy and shortly thereafter we popped smoke from Somalia. In large part to that one video.
I guess we didn’t see the ambassador’s body or any others being mutilated so we don’t care and trust the media and the administration to spoon feed us what happened. Makes my stomach turn this isn’t getting the attention it so well deserves.
-Jax
Of course they’ve been manipulated, just as the polling numbers are being manipulated.
My take? The national democratic socialists are not going to win the election this November, however, they are not going to lose the white house either! Understand? F R A U D of a massive nature is about to be sprung, what they and their media minions are about, is crafting “plausibility” for the Amerikan electorate to soak in!
They are creating a smokescreen, or running a black op if you wish…
Thats my take…
Hell yes they have been. Same with the CPI and GDP.
No! Say it ain’t so. 
I understand your sarcasm and I’m sure the numbers have always been flawed to an extent. But in the scope of the current big picture it would be unusually diabolical as well as telltale. All circumstances combined it appears as though we have reached a new level of justifiable government distrust should these suspicions be deemed true.
It appears that only 114K jobs were actually created by employers in September, yet somehow in a household survey of individuals they estimated a massive 873K of new jobs (this apparently included part-time and self-employed work). How they got this estimate of 873K jobs is beyond me. This really seems off, as a couple of experts cited in the article below said. What’s odd about it is the oh-so convenient timing: almost like they were holding this tactic in reserve. MAYBE just coincidence, but it sure doesn’t feel like it.
http://www.foxnews.com/politics/2012/10/05/jobless-rate-falls-to-78-percent-in-september/
The Labor Department, based on a broad survey of employers, said 114,000 jobs were added in September.
But the unemployment rate itself is based on a separate “household survey,” which showed a whopping 873,000 new jobs in September.
“This must be an anomaly,” former Congressional Budget Office director Doug Holtz-Eakin said in a snap analysis of the numbers. “It is out of line with any of the other data…”
Holtz-Eakin noted the household survey is smaller, suggesting it is not as reliable. He called estimate of 873,000 new jobs “implausible.”
He said the report was otherwise “solid,” but reflected “the economy is merely moving sideways.”
Liberal economist Dean Baker, with the Center for Economic and Policy Research, called the September rate drop “almost certainly a statistical fluke.”
Add to that the housing market numbers as banks are waiting until after the election to dump a shit ton of foreclosures on the market.
Of course they numbers are fake. In labor reports the government crows about the U-3 rate which only counts those who are collecting unemployment and have looked for work in the last 4 weeks. The real unemployment rate is in the U-6 report. The U-6 report includes those who want to, but cannot find a job and have dropped off the unemployment rolls and have given up. The U-6 also counts those who are employed part time, but who want full time employment. The government used to use the U-6 in its statistics, but stopped doing so in 1994. The current U-6 rate is 14.7% So yeah 7.8% is fake.
So how did unemployment drop 0.3%, the biggest jump in 30 years? Easy, what the Obama admin did was swipe numbers from the U-6 and put them in the U-3. Suddenly those who are stuck in part time jobs are no longer counted under the U-6, but are now in the U-3.
So there ya go. Liars figure, figures lie. Or as The former CEO of General Electric, Jack Welch said today “Unbelievable jobs numbers…these Chicago guys will do anything…can’t debate so change numbers”
Allen West on CNBC.
Sadly, there is a real chance that he could lose his House seat due to re-districting. If this happens, I hope that the RNC appoints him as their chair until he has a chance to run for another office. The man is awesome on his feet…
What is interesting is that the job numbers reported were within 1000 jobs of what “economists” were expecting, and they were expecting a rise in the rate to 8.2%.
So, the jobs came in almost exactly as expected. What happened to the rate?
I think it is obvious some liberalities were taken with it for political reasons.
–
You mean like:
- About $800 million in “stimulous” funds that are unaccounted for?
- The supposed 23 million jobs this administration has created?
- The FBI conducting a complete investigation on what happened at Bhengazi in the few hours they actually spent on the ground?
- The “Fast and Furious” program never happening?
- The “Clunkers for Cash” program not costing the taxpayers much (which turns out to be about $3 Billion)?
- The new black panties’ party’s activities at the Philadelphia polling places during the 2008 Elections being properly investigated and no criminal activity was noted?
- The $500 million cut in the Defense budget was necessary? Even though we recently gave Egypt $1 billion (with another $500 million pending) and Jordan $100 million just in the past few months?
- This is the adiminstration we’ve ever had who divulged a Highly Classified Operation that involved a Highly Classified Unit that supposedly does not exist within HOURS of the operation? Primarily so they can take full credit for the operation? I still wonder if this had anything to do with the CH-47 that was ambushed a month later.
- Obama’s insisstence that he had minimal interaction with a particular racist Pastor whose sermons he listened to for 25-years AND who actually performed the wedding between him and his anti-American wife 20-years ago?
Yeah, I guess thiss moron of a POTUS hasn’t given us any reason to believe that he has absolutely no Integrity. :blink:
From what I understand they changed how they interpret the home survery because the amount of net jobs gained doesn’t correlate to the drop taking the last few years worth of data. If we had something like a net gain of 150k new jobs then it just doesn’t mathmatically account for a .3% drop. That would be 50k jobs per .1% increase or decrease in the jobs numbers which if put into perspective by the 4.5 million jobs Obama said has been created would be less than zero percent unemployment.
Anyways the way they calculate things is and always has been BS. If you use the same labor force participation rates as when Obama took office the UE rate would be over 11%. They use this U3 formula which lowers the rate because things are so shitty people are dropped off the rolls, and aren’t counted anymore. Real honest look at things. :rolleyes: