I've never seen unemployment drop .3 percent on only 114K net jobs

[TheGreatGatsby]

Does a single person ever click on a link Lahomo posts?

I suspect many "guests" do - which is all that matters to me...

You're like a ninth rate elitist.

 

[TheGreatGatsby]

The Romney camp is wisely distancing itself from one of the more transparent conspiracy theories to come around in a while. The BLS is, by design, beyond political influence. Even if the rather thick walls of BLS integrity could be breached, it certainly couldn't have been done immediately after losing a debate, as Jack Welch claims.

As a Republican, I am glad the Romney campaign has more sense than to entertain such nonsense.

Thick walls

BTW__ BLS is notorious for working on their labor reports to the last minute. Also, I've seen interviews with Solis and she's in Obama's back pocket.

Anyways__ I don't know why I'm even addressing you 40,020. I'll try not to continue making that mistake.

 

[American Horse]

All the stock indexes; S&P 500, NASDAQ, DJIA, all closed lower than they opened today. The market didnt take much of a positive boost from the news like you would've thought. Their unanimous drop might reflect skepticism in the numbers - 114k new jobs lowering the unemployment rate from 8.1 to 7.8 signals that a large number of job seekers gave up looking and dropped out.

 

[Jimmy_Jam]

The Romney camp is wisely distancing itself from one of the more transparent conspiracy theories to come around in a while. The BLS is, by design, beyond political influence. Even if the rather thick walls of BLS integrity could be breached, it certainly couldn't have been done immediately after losing a debate, as Jack Welch claims.

As a Republican, I am glad the Romney campaign has more sense than to entertain such nonsense.

Thick walls

BTW__ BLS is notorious for working on their labor reports to the last minute. Also, I've seen interviews with Solis and she's in Obama's back pocket.

Anyways__ I don't know why I'm even addressing you 40,020. I'll try not to continue making that mistake.

You will continue to address me because you can't help it.

You really just make up facts that don't exist, don't you? I asked you in another thread to provide me instances to support a claim and you wouldn't do it, and I know you can't here either. Jack Welch has done nothing but embarrass himself. The Romney camp will not entertain such tripe for good reason.

 

[TheGreatGatsby]

All the stock indexes; S&P 500, NASDAQ, DJIA, all closed lower than they opened today. The market didnt take much of a positive boost from the news like you would've thought. Their unanimous drop might reflect skepticism in the numbers - 114k new jobs lowering the unemployment rate from 8.1 to 7.8 signals that a large number of job seekers gave up looking and dropped out.

They had went up after Romney's performance. We all know that business is salivating for a president who knows what he's doing.

 

[depotoo]

Veteran economics reporters and columnists are strongly criticizing conservative claims that the unemployment data released by the Bureau of Labor Statistics Friday was manipulated to benefit President Obama politically, calling such allegations "implausible" and "unfounded."

More: Eight Veteran Economics Reporters Dismiss "Implausible" Jobs Numbers Conspiracy | Blog | Media Matters for America

oh, I just love it. Let's look at who these so-called reporters work for, shall we?

Jesse Eisinger, senior reporter for finance at ProPublica -
ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. Our work focuses exclusively on truly important stories, stories with “moral force.” We do this by producing journalism that shines a light on exploitation of the weak by the strong and on the failures of those with power to vindicate the trust placed in them.
About Us - ProPublica

Joe Nocera, New York Times business columnist. - In a August 2011 column on the US debt ceiling crisis, Nocera compared "Tea Party Republicans" with terrorists, and wrote that they "have waged jihad on the American people" and suggested that they "can put aside their suicide vests".[4]

Joe Nocera - Wikipedia, the free encyclopedia

Martin Wolk, executive business editor for NBC News Digital-
New York University M.A., Journalism and Near East studies
1988 – 1990
Washington University in St. Louis A.B., Literature and History
1978 – 1982
also a member of - USC Annenberg was originally created in April 2006 Knight Digital Media Center

David Cay Johnston- author of The Fine Print: How Big Companies Use "Plain English" to Rob You Blind (2012) ISBN 978-1-591-84358-0 [16]
Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super-Rich–and Cheat Everybody Else (2003) ISBN 1-59184-019-8
Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense and Stick You With The Bill (2007) ISBN 978-1-59184-191-3
Temples of Chance: How America Inc. Bought Out Murder Inc. to Win Control of the Casino Business (1992) ISBN 978-0-385-41920-8

Kevin Hall, McClatchy's national economic correspondent - Known as a supporter of the people's interests against those of corporations and corrupt politicians, McClatchy made The Bee a bastion of progressive reformism

William Schomberg, Reuters - William Schomberg | Journalist Profile | Reuters.com
click the link, you will really get a laugh.

Greg Ip, U.S economics editor for The Economist- Political alignment Economic liberalism
Social liberalism
Pro-globalization

Now, the even funnier part of all these 8? None of them has a degree in economics, they are REPORTERS.

 

[Rozman]

There's something not right here.

 

[skookerasbil]

This puts it on the tee for Romney in two weeks and he'll hit it like its a big old pumpkin too!!!

These assclowns cooked the books to get it to 7.8%, as will be clearly be announced at the next debate!! Needs about 15 seconds to be explained by Romney. Its all good........my eyes lit up when I saw 7.8%. And Romney can do it in an ever so matter of fact way, "Well.....in my lifetime, Ive never seen unemployment numbers come down almost 1/2 a percent with only a 1.3% growth rate. I find, and in fact, most economists find this to be pretty unbelievable Mr President......perhaps you can explain to us how this is possible??"

Yuk.....yuk.............big old pumpkin on a big fucking tee s0ns!!!

 

[skookerasbil]

Veteran economics reporters and columnists are strongly criticizing conservative claims that the unemployment data released by the Bureau of Labor Statistics Friday was manipulated to benefit President Obama politically, calling such allegations "implausible" and "unfounded."

More: Eight Veteran Economics Reporters Dismiss "Implausible" Jobs Numbers Conspiracy | Blog | Media Matters for America

oh, I just love it. Let's look at who these so-called reporters work for, shall we?


Joe Nocera - Wikipedia, the free encyclopedia

Kevin Hall, McClatchy's national economic correspondent - Known as a supporter of the people's interests against those of corporations and corrupt politicians, McClatchy made The Bee a bastion of progressive reformism

William Schomberg, Reuters - William Schomberg | Journalist Profile | Reuters.com
click the link, you will really get a laugh.

Greg Ip, U.S economics editor for The Economist- Political alignment Economic liberalism
Social liberalism
Pro-globalization

Now, the even funnier part of all these 8? None of them has a degree in economics, they are REPORTERS.

Holy shit DEPOTO............that is epic pwnage by you bro!!! Perhaps the best Ive seen on here all year.


the k00ks are losing.............

 

[American Horse]

Veteran economics reporters and columnists are strongly criticizing conservative claims that the unemployment data released by the Bureau of Labor Statistics Friday was manipulated to benefit President Obama politically, calling such allegations "implausible" and "unfounded."

More: Eight Veteran Economics Reporters Dismiss "Implausible" Jobs Numbers Conspiracy | Blog | Media Matters for America

oh, I just love it. Let's look at who these so-called reporters work for, shall we?


Joe Nocera - Wikipedia, the free encyclopedia

Kevin Hall, McClatchy's national economic correspondent - Known as a supporter of the people's interests against those of corporations and corrupt politicians, McClatchy made The Bee a bastion of progressive reformism

William Schomberg, Reuters - William Schomberg | Journalist Profile | Reuters.com
click the link, you will really get a laugh.

Greg Ip, U.S economics editor for The Economist- Political alignment Economic liberalism
Social liberalism
Pro-globalization

Now, the even funnier part of all these 8? None of them has a degree in economics, they are REPORTERS.

But, but, but ... journalists are the most trusted folks in the land.

 

[GuyPinestra]

Veteran economics reporters and columnists are strongly criticizing conservative claims that the unemployment data released by the Bureau of Labor Statistics Friday was manipulated to benefit President Obama politically, calling such allegations "implausible" and "unfounded."

More: Eight Veteran Economics Reporters Dismiss "Implausible" Jobs Numbers Conspiracy | Blog | Media Matters for America

oh, I just love it. Let's look at who these so-called reporters work for, shall we?


Joe Nocera - Wikipedia, the free encyclopedia

Kevin Hall, McClatchy's national economic correspondent - Known as a supporter of the people's interests against those of corporations and corrupt politicians, McClatchy made The Bee a bastion of progressive reformism

William Schomberg, Reuters - William Schomberg | Journalist Profile | Reuters.com
click the link, you will really get a laugh.

Greg Ip, U.S economics editor for The Economist- Political alignment Economic liberalism
Social liberalism
Pro-globalization

Now, the even funnier part of all these 8? None of them has a degree in economics, they are REPORTERS.

Reps 4 U!!

 

[Jimmy_Jam]

This puts it on the tee for Romney in two weeks and he'll hit it like its a big old pumpkin too!!!

These assclowns cooked the books to get it to 7.8%, as will be clearly be announced at the next debate!! Needs about 15 seconds to be explained by Romney. Its all good........my eyes lit up when I saw 7.8%. And Romney can do it in an ever so matter of fact way, "Well.....in my lifetime, Ive never seen unemployment numbers come down almost 1/2 a percent with only a 1.3% growth rate. I find, and in fact, most economists find this to be pretty unbelievable Mr President......perhaps you can explain to us how this is possible??"

Yuk.....yuk.............big old pumpkin on a big fucking tee s0ns!!!

From USA Today:

Tony Fratto, a former spokesman for President George W. Bush, tweeted that the Bureau of Labor Statistics "is not manipulating data. Evidence of such would be a scandal of enormous proportions & loss of credibility."

In another tweet, Fratto said: "Stop with the dumb conspiracy theories. Good grief."

Mitt Romney's campaign is staying away from the conspiracy theories. Romney policy director Lanhee Chen told Fox News: "We're going to address the numbers as they've been released."

And rightly so. The worst thing Romney could do would be to acknowledge such a stupid accusation. Romney knows the BLS isn't being politically manipulated. If he were to even suggest it he would lose credibility. Hopefully the Romney camp holds to what Lanhee Chen's quote establishes, that he knows better.

 

[depotoo]

more: eight veteran economics reporters dismiss "implausible" jobs numbers conspiracy | blog | media matters for america

oh, i just love it. Let's look at who these so-called reporters work for, shall we?


joe nocera - wikipedia, the free encyclopedia


william schomberg, reuters - william schomberg | journalist profile | reuters.com
click the link, you will really get a laugh.

greg ip, u.s economics editor for the economist- political alignment economic liberalism
social liberalism
pro-globalization

now, the even funnier part of all these 8? None of them has a degree in economics, they are reporters.

but, but, but ... Journalists are the most trusted folks in the land.

:d

 

[BluePhantom]

Well look....were the numbers intentionally cooked by the Obama administration? No. Let's not get crazy here. However, are they accurate? Oh hell no. What we are seeing in this report is a statistical anomaly. It's the result of more people leaving the workforce, inaccurate projections of what would happen by the BLS when they applied their seasonal adjustments, and possibly an outlier in their polling (yes, these statistics are done in large part by simple polling which is subject to an outlier effect just like any other poll).

The problem is that there is a misunderstanding of what the U3 unemployment rate actually is and that misunderstanding is perpetrated by the media according to their biases. What this report actually says is that fewer people met the definition of U3 unemployed...that does not mean that more people found jobs as a percentage of the workforce. The workforce participation rate remained the same and the U6 unemployment rate was unchanged. That would make a lot of sense because the payroll reporting indicated 114,000 new jobs and 120,000 are required to keep up with population growth. In other words we actually went backwards by 6,000 which is not enough to raise the U6 by a tenth of a percent.

The reason why it appears that there is a drop in the U3 is because the BLS fucked up their seasonal adjustment projections and more people dropped out of the workforce. That's why the market initially boomed after the release but when they looked at it further the market tanked....it looked like great news until they realized it was terrible news.

Now Obama and the left leaning media are only going to point at the drop of 0.3% and pray to God that the electorate is either too stupid or too lazy to look deeper into the report and see what's really going on...history suggests they will be correct. People like Lakhota and, I am sad to say, Sallow (whom I usually have respect for) are basically doing the same.

 

[AmyNation]

I really hope the Romney campaign avoids falling for this conspiracy theory.

 

[BluePhantom]

I really hope the Romney campaign avoids falling for this conspiracy theory.

That would be the worst thing he could do. What he should do (and probably will) is explain why the U3 is bullshit and point at the U6. Now if we are going to play the political game he certainly should not dissuade those who claim it's an Obama conspiracy but neither should he embrace it or pound that angle. That's called "letting your Super PACs do the dirty work" and that's good political strategy....and yes both Obama and Romney do that as well they should.

 

[skookerasbil]

LMAO.......even the BLS admitted it manipulated the numbers. Of course, they didnt say "manipulated" but any moron could see that when you add numbers from earlier months of the year to a single month, it scews the results. The numbers are real.........but theyre fudged for effect. They fucked with the stats and need to be called on it........not to do so would be politically stupid.


You cant see an increase in employment with a 1.3% monthly GDP.

 

[BluePhantom]

LMAO.......even the BLS admitted it manipulated the numbers. Of course, they didnt say "manipulated" but any moron could see that when you add numbers from earlier months of the year to a single month, it scews the results. The numbers are real.........but theyre fudged for effect.

Essentially that's correct, but I highly doubt it was maliciously intended. It's just standard procedure according to the formula for seasonal adjustments. Every now and then a perfect storm will happen with seasonal adjustments, outliers in their employment polling, and a drop in people looking for work that create a statistical effect wherein a completely ridiculous result is achieved. That's why the U3 is essentially irrelevant. Because it considers far fewer factors, when a confounding variable is present is has a far more dramatic effect than the U4 - U6 unemployment numbers. Again this is why the U3 experienced a drop while the U6 remained static. If all you look at is the U3 (which is precisely what Obama and the media are hoping for) things look great with this report. When it's compared to everything else it's indisputably evident that what we are seeing is a statistical quirk and not a real trend.

 

[Jimmy_Jam]

LMAO.......even the BLS admitted it manipulated the numbers. Of course, they didnt say "manipulated" but any moron could see that when you add numbers from earlier months of the year to a single month, it scews the results. The numbers are real.........but theyre fudged for effect.

Essentially that's correct, but I highly doubt it was maliciously intended. It's just standard procedure according to the formula for seasonal adjustments. Every now and then a perfect storm will happen with seasonal adjustments, outliers in their employment polling, and a drop in people looking for work that create a statistical effect wherein a completely ridiculous result is achieved. That's why the U3 is essentially irrelevant. Because it considers far fewer factors, when a confounding variable is present is has a far more dramatic effect than the U4 - U6 unemployment numbers. Again this is why the U3 experienced a drop while the U6 remained static. If all you look at is the U3 (which is precisely what Obama and the media are hoping for) things look great with this report. When it's compared to everything else it's indisputably evident that what we are seeing is a statistical quirk and not a real trend.

Wow. Somebody with some sensible input weighed in. Careful though, there are those that will call you stupid or a liar because you didn't say the report was politically manipulated by the Obama campaign. If you don't paint a picture of a guy dressed like Clarence Beeks from "Trading Places," complete with trenchcoat, hat, and sunglasses, handing a briefcase to a group of socialist economists at the BLS containing a manufactured unemployment report, then you are a liar.

 

[depotoo]

LMAO.......even the BLS admitted it manipulated the numbers. Of course, they didnt say "manipulated" but any moron could see that when you add numbers from earlier months of the year to a single month, it scews the results. The numbers are real.........but theyre fudged for effect.

Essentially that's correct, but I highly doubt it was maliciously intended. It's just standard procedure according to the formula for seasonal adjustments. Every now and then a perfect storm will happen with seasonal adjustments, outliers in their employment polling, and a drop in people looking for work that create a statistical effect wherein a completely ridiculous result is achieved. That's why the U3 is essentially irrelevant. Because it considers far fewer factors, when a confounding variable is present is has a far more dramatic effect than the U4 - U6 unemployment numbers. Again this is why the U3 experienced a drop while the U6 remained static. If all you look at is the U3 (which is precisely what Obama and the media are hoping for) things look great with this report. When it's compared to everything else it's indisputably evident that what we are seeing is a statistical quirk and not a real trend.

Wow. Somebody with some sensible input weighed in. Careful though, there are those that will call you stupid or a liar because you didn't say the report was politically manipulated by the Obama campaign. If you don't paint a picture of a guy dressed like Clarence Beeks from "Trading Places," complete with trenchcoat, hat, and sunglasses, handing a briefcase to a group of socialist economists at the BLS containing a manufactured unemployment report, then you are a liar.

you see, even with knowing that, Obama runs around touting it's greatness.