Unemployment down to 9.0%? On 36,000 new jobs? hmmmmmmm!

Last Friday the Bureau of Labor Statistics (BLS) tried to pull a fast one by announcing that although we “gained” just 36,000 jobs our unemployment rate had fallen a full .4 % to 9.0%. This nonsense was countered by a largely underreported release from Gallup which set the unemployment rate at a more believable 9.8%.

The BLS report also told us that contrary to its own previous statements there were actually 150,000 fewer jobs created during 2010 than they had announced there were.

Another admission from the media/Obama cabal is that the 83,000 average increase of new jobs over the last three months is actually not enough to even keep up with population growth from legal immigration.

Obama’s “Open Borders” policy of allowing 125,000 new legal immigrants and uncounted illegal aliens into our country every month is creating at least 42,000 new unemployed American workers every thirty days.

While the understanding of “unemployment” most of us have is a state of being out of work but looking for employment; the BLS can apparently twist things around so those who are so discouraged they no longer even look for work are not counted in official unemployment statistics.

In the “Newspeak” of Obama’s administration if everyone who is “unemployed” became so discouraged they stopped looking for work, it would report the unemployment rate had fallen to 0% and claim credit for “full employment.”

The same BLS produced a statistic in December showing 6.1 million people (40% of all unemployed workers) had been out of work for more than six months, the recognized danger sign for an individual’s prospects for eventual re-employment.... more

Here is a simpler, logical way to think about it. The unemployment rate went from 9.4% to 9.0% with the addition of 36k jobs, so that would imply that for every 9k jobs added, the rate goes down by .1%, holding everything else equal. So, using basic math, for a 1% drop in the unemployment rate, the economy just needs to add 90k jobs and thus to get the rate down from 9%, to a preposterous 0% full employment, never been reached before level, the economy just needs to add 810k jobs. Ok, sounds simple enough, but here is the part where our minds get blown, according to B(L)S’ report, there are 13.9MM unemployed people, so if 810k jobs get added (and thus take unemployment to absolute zero, according to our calculations above), we’ll still have 13.1MM people unemployed. That’s right, using the B(L)S’ math, 13.1MM unemployed people equals a 0% unemployment rate which only makes sense in the land of Make Believe or Art Laffer’s head. Perhaps it’s a derivative of the Heisenberg uncertainty principle, we’ll call it the Hildasolis uncertainty principle where the more you know the unemployment rate the less you know the number of unemployed. So just step back from the numbers and think about this for a second (and then step back from that and think about this for a few hours).

I’m getting this strange case of bizarre-o flashback.

Government reports in this country look an awful lot like the stuff that came out of Pravda in the 60’s and 70’s.

And, ironies of all ironies, it appears that one can get more accurate news from Pravda now than from CNN or the networks.

Obama press releases could be translated into Russian, re-dated to the 60s, and be passed off as Politburo press releases of that time.

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