Discussion in 'Politics' started by Grampa Murked U, Oct 5, 2012.
Honest question here.
We had months with double that and it barely budged.
211,000 left the workforce.
It's a serious question for someone defending these numbers. If we need 200000+ just to keep pace with population growth and we gain less than that I don't get the math.
Obama lost the debate. It's an inexact science so someone in the Labor Dept. decided to make it a little more inexact than usual on the boss's behalf.
The BLS reported that while only 114,000 jobs were created in September--which would have translated into a rise in unemployment from 8.1% to 8.2%--the unemployment rate fell dramatically to 7.8%.
One reason for the rise was an upward revision of 86,000 to the July and August jobs numbers--all of which came from a 91,000 increase in the estimate of public sector jobs. Private sector job estimates were actually revised downward by 5,000.
In addition, the BLS reported a large rise in the number of part-time jobs, adding 600,000 jobs to the total--a dramatic increase of 7.5%, not explained by any other economic indicators--and raising questions about whether the government had changed the way it counted part-time workers.
Fact Check: Suspicion Falls on Labor Secretary Solis as She Misleads on Jobs Revisions
You can't have a GDP of 1.3, a drop in manufacturing and this kind of UE drop. The UE 6 rate is 14.7% so it makes no sense that the unemployment rate would drop 3.5%.
"We finally found something shovel-ready -- all the BS being spread by the BLS."
Dont worry gramps. Youre not going senile yet. Under this wonderful utopian system, if everyone in the US fell off the payrolls and then 1 person became employed, we would have 0 unemployment.
Something screwy is going on...
[ame=http://www.youtube.com/watch?v=c_E6qP8X62Q&feature=player_embedded]Wealth Manager On Jobs Report: "No Way In The World These Numbers Are Accurate" - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=yL1TeI2x2H0&feature=player_embedded]Joe Scarborough is confused by the new jobs numbers - YouTube[/ame]
So the BLS massaged the data to bring the numbers down. Is this really that surprising to anyone?
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