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Jobs Report Met With Skepticism

Mike

Well-known member
Jobs Report Met with Skepticism
Labor secretary responds.
10:23 AM, OCT 5, 2012
This morning's jobs report released by the Bureau of Labor Statistics is being met with skepticism. The report found that, from August to September, the unemployment rate dropped from just above 8 percent to 7.8 percent.

In fact, when Labor Secretary Hilda Solis appeared on CNBC this morning, the first two questions for her were whether the books have been cooked:

Solis called the charges insulting and "ludicrous."

Douglas Holtz-Eakin, a former economics adviser to John McCain and the former head the Congressional Budget Office, calls the numbers "implausible."

"Sept. unemployment rate fell to 7.8 percent due to an extraordinary – but implausible – estimate of 873,000 #jobs in household survey,” said Holtz-Eakin on Twitter.

“The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number,” said CNBC's Jeff Cox.

The Washington Post's Neil Irwin adds, "Weird that payrolls are exactly on forecast but household survey is far better."

And the Wall Street Journal warns that these numbers should be taken "with a grain of salt."
 

Larrry

Well-known member
If you figure 23,000,000 people unemployed and they put 114,00 back to work that wouldn't even be a half of a tenth of a percent (.05%) change in the 8 percent figure.
 

Steve

Well-known member
Consider this...

The 114,000 jobs we added in September aren’t very impressive. The revisions to the last two months, which added 86,000 jobs to the total,

so all the jobs added in Sept.. 28,000

yep that is it...

and then on the other side,.. a "historically significant number"..

in a month with stunningly low numbers on one side and historically significant numbers on the other...



The difference between September and previous months? For the preceding twelve months, these “new business jobs created” have averaged around 45,000 per month. But in September, this number explodes to 800,000?

Total employment rose by 873,000 in September, following 3 months of little change (source bls)

where did the well over 800,000 phantoms jobs come from?

why well over 800,000 new jobs when the average has been about 45000 ?

because they needed 900,000 new jobs to get the unemployment to 7.8%


so they had to create over 800,000 new jobs out of thin air... and get folk into them as well.. and just to make sure no one was suspicious they counted crappy jobs and self employed jobs... ones that can't really be proven or dis-proven..

this smells bout as bad as the real job outlook.... :mad: :???:







and when you dig deeper...
there were 802,000 discouraged workers in September

in Obamaland.. you can imagine 870,000 new jobs at the same time 800,000 give up.... yet the number of actually employed stays the same...

and that doesn't count the 6.5 million.. "job losers and persons who completed temporary jobs"... in September.

this is about as bad as counting "self deportations"... just to get a number you want to release..
 

gmacbeef

Well-known member
This jobs report reeks of foul play by the democrats. I'm already predicting that Octobers will drop to 7.5 % , bookmark it.
 

loomixguy

Well-known member
Figures lie and liars figure. With the Warlord in Chief and his terrorist sympathizer minion Old Whiskeybreath unable to tell the truth at all, any of these reports and most all of the polls is pure bull excrement.

Remember, Islam, that religion of peace, says it's OK to lie. The two aforementioned twits have taken that to heart.
 

Steve

Well-known member
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%. That unusual drop is the fastest in nearly three decades, and was unexpected even in the rosiest predictions.

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.

the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.

"Mark Twain once commented that there were lies, damn lies, and statistics. Nowadays, we have labor statistics."
 

gmacbeef

Well-known member
The labor dept took a "household survey" that somehow showed an increase of 873,000 people working last month. What did they do call every lying Democrat they could find ? Funny because the employers survey the took only showed about 109,000 more jobs. I guess those stupid employers don't know how many people they have hired................ :roll: Of course the Labor dept. ( wouldn't that be a DEMOCRAT in charge of that Dept. ?) said the numbers were all legit........ B.S.& H.S.( & any other kind you want.)
 

Tam

Well-known member
I think we all know the numbers were cooked as the claimed 114,000 jobs created doesn't even keep up with those entering the job force so how in same H*ll can a number that does not keep up with those entering the work force possibly drop the unemployment rate by .3% which, like reported, is the biggest one month drop in decades.

Look at the affects of much larger jobs created numbers in other months had on the unemployment rate and you know the numbers were cooked in this report to give Obama some good news after a debate that showed voters who their president really is WITHOUT HIS TELEPROMPTER.

Obama needed something to get the topic off his debate preformance and the BLS tried to hand him a life preserver, but the numbers just don't add up. Voters need to look into this history setting jobs report a bit further than what the Chicago Election machine wants them to. If the rate dropped that much with that few created jobs people have to know, if the number is true, it is because PEOPLE GAVE UP LOOKING FOR JOBS. :roll:
 

hopalong

Well-known member
oldtimer BOUGHT to lie :D :D wonder how many bull sellers have sold him a corrente as a angus bull... he is sooooooo gullible probally more than one!!! :D :D :D
Have seen some of his corrals they leave a lot to be desired when it comes to being a cattle man other than a fatman ex lawman :roll:
 

Tam

Well-known member
See why the Sept numbers don't add up

May saw a job created number of 77,000 jobs and the rate was 8.2
June saw a job created number of 80,000 jobs and the rate was unchanged at 8.2
July saw a job created number of 163,000 jobs and the rate went to 8.3
Aug saw a job created number of 142,000 jobs and the rate went down to 8.1

And now we are to believe a job creation number of 114,000 jobs brought the rate down to 7.8 which is .1% further than than the 142,000 jobs did. I don't think so. :roll:

Like I said Obama needed a good number and the BLS tried to give him one, but it doesn't past the smell test.

The only way that 7.8% number works is if A LOT of people give up looking for work and that does not make the number something anyone should be giving Obama credit for BLAME YES CREDIT NO. :x
 

Steve

Well-known member
And now we are to believe a job creation number of 114,000 jobs brought the rate down to 7.8 which is .1% further than than the 142,000 jobs did. I don't think so.

the media grabbed numbers.. but they are factually incorrect...

86,000 of the jobs are for revisions of the two prior months..

the actual jobs created in Sept was 28,000 the lowest in quite some time...
 
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