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I'm sick and tired of the jury-rigged numbers coming out of this Administration. The frequency of downward revisions after the top line is announced proves malicious cooking of the unemployment books. Seeking Alpha usually presents a more balanced picture. Here it is.
1 posted on 10/05/2012 8:44:20 AM PDT by Uncle Miltie
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To: Uncle Miltie

2 posted on 10/05/2012 8:46:11 AM PDT by Iron Munro (Obamaspeak: An army of pompous phrases marching across the landscape in search of an idea.)
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To: Uncle Miltie

Hope the 7.8 number is a topic on Thursdays VP debate. It would be nice to see Ryan explain the 7.8 calculation and why the U6 numbers are not included. Also showing the ACTUAL unemployed rate with U6 included.


3 posted on 10/05/2012 8:47:56 AM PDT by duckman (I'm part of the group pulling the wagon!)
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To: Uncle Miltie
I love how the BLS just magically discovered that it had "undercounted" 386,000 jobs last week- the very number Obama needed to argue that he was supposedly a "net creator of jobs". And now the unemployment rate magically falls below 8% one month the before the election.

Sad how much disdain this administration has for people.

6 posted on 10/05/2012 9:53:48 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Uncle Miltie; All

Some great quotes from a CNN poster:

The Labor Department, based on a broad survey of employers, said 114,000 jobs were added in September.
But the unemployment rate itself is based on a separate “household survey,” which showed a whopping 873,000 new jobs in September.
“This must be an anomaly,” former Congressional Budget Office director Doug Holtz-Eakin said in a snap analysis of the numbers. “It is out of line with any of the other data..”
Holtz-Eakin noted the household survey is smaller, suggesting it is not as reliable. He called estimate of 873,000 new jobs “implausible.”
Liberal economist Dean Baker, with the Center for Economic and Policy Research, called the September rate drop “almost certainly a statistical fluke.”


7 posted on 10/05/2012 10:04:38 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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