How can UE drop that dramatically with only 144000 jobs created?

Discussion in 'Politics' started by Grampa Murked U, Oct 5, 2012.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Honest question here.

    We had months with double that and it barely budged.

    Please explain.
     
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  2. SniperFire
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    SniperFire Senior Member

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    211,000 left the workforce.


    LOL
     
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  3. Grampa Murked U
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    Grampa Murked U Diamond Member

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    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.
     
  4. beretta304
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    beretta304 BANNED

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    Obama lost the debate. :cool: 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.:D
     
    Last edited: Oct 5, 2012
  5. eflatminor
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    eflatminor Classical Liberal

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    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
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    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%.
     
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  7. beretta304
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    beretta304 BANNED

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    Falcon11 commented

    "We finally found something shovel-ready -- all the BS being spread by the BLS."

    :D
     
  8. LordBrownTrout
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    LordBrownTrout Gold Member

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    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.
     
  9. eflatminor
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    eflatminor Classical Liberal

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    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]
     
  10. TakeAStepBack
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    TakeAStepBack Gold Member

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    So the BLS massaged the data to bring the numbers down. Is this really that surprising to anyone?
     

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