Middleoftheroad
Active Member
http://www.usmessageboard.com/econo...ployment-conspiracy-nonsense.html#post6113244
So what did the Bush administration do to "cook the books" in Feb 02? Hmm?
I know a lot of people were saying there was a problem with numbers under Bush. It may have been due to a post 9/11 bounce into the fired up housing market because the "household survey" leads the "establishment survey".
The only things I can think of that might be happening now would be a QE3 induced hiring surge, seasonal holiday hiring or dropping the welfare work requirement so people quit looking for work. The survey does show there was 582,000 part time jobs. So that could be hiring for the holiday season. If that is the case then the "establishment survey" & labor participation had best pick up next month to catch this "household survey".
Well I did see a poll the other day that said that people were planning on spending much more on halloween this year then they had in previous years, so there could be a strong change due to seasonal hiring. For all I know the BLS may have seen this and factored it out.
I do have a very hard time believing that (according to the household survey) there were 873k jobs added last month, when the prior september they said there was only ~400k (again household numbers) and their finals numbers for that september said there were ~200k seasonally adjusted jobs added.
BUT I don't believe the conspiracy theory hype, since if they could maniupulate one number, why not just maniupulate both?