Wrong. MSNBC actually put someone on who explained how the numbers add up.
Then tell us. You know it's not possible. The Obama administration is lying AND, they think people are so stupid that they will believe them. Tell us how those numbers add up, if you can.
It's easily possible because they revised July and August UPWARDS. More jobs created in those months than was previously estimated.
Is that so hard to understand?
Try this article. It might open your eyes.
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Why TodayÂ’s BLS Jobs Numbers Make No Sense
By: Daniel Horowitz (Diary) | October 5th, 2012 at 11:45 AM
To begin with, we must recognize that we are coasting along near the bottom of the employment nadir – a steep trench that was created by the 2008-2009 recession. Unlike every other recession, including the one in the early 80s, this one was not followed by a steep climb out of the trench. We’re not even creating enough jobs per month to keep up with the population growth, much less recover the millions of jobs lost in the recession.
Yet, despite the fact that we’ve added less than 150k jobs during most months of the recovery, and less than 100k during many of them, the U3 rate has steadily declined. This all made sense because there was an unprecedented shrinkage of the labor force – a symptom of a permanently lethargic economy. Paradoxically, this led to a steady decline in the unemployment rate as the universe of the job market shrunk. It’s not that the BLS was purposely making Obama look better. You just needed to look beyond the U3 number to understand how the unemployment rate dropped.
This brings us to the September jobs report. According to the establishment survey, only 114k non-farm payroll jobs were added last month. ThatÂ’s well below the 206k increase in the working-age population, according to the household survey. But once again, the U3 rate dropped, this time down to 7.8%. As always, I expected this to be the result of a dramatic shrinkage in labor force participation. Yet, shockingly enough, the labor force actually grew by 418K in September, even more than it shrunk the previous month.
So the labor force shrinks during a month of tepid job growth, and the U3 declines. Now the labor force grows during a month of tepid job growth, yet the U3 rateÂ….still declines!
Why Today’s BLS Jobs Numbers Make No Sense | RedState