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Vas Is Das? U3 Unemployment Falls to 7.8% But U6 Unemployment Remains at 14.7%
Confounded Interest ^ | 10/05/2012 | Anthony B. Sanders

Posted on 10/05/2012 8:01:19 AM PDT by whitedog57

President Obama is speaking at George Mason University today (traffic is insane!). He has a long awaited jobs one-liner: the U3 unemployment rate fell to 7.8%.

He probably won’t mention that U6 unemployment, the more indicative measure of true unemployment, remained at 14.7%. This is due to a large increase in the number of workers working part time for economic reasons.

Change in nonfarm payrolls rose by 114,000. Hardly comforting given the 12,088,000 unemployed.

And remember that the survey of households uncovered an additional 800,000 jobs this month, 187,000 of which government workers. [This reminds me of the miraculous appearance of boxes of ballots during a close election].

Here is the employment scorecard.

The number of non-institutional population going on disability has increased dramatically, as has the number of households on the SNAP (food stamp) program.

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: disability; magicnumbers; obama; potemkin; romney; unemployment
Part-time workers and disability increased. Otherwise, NADA.
1 posted on 10/05/2012 8:01:25 AM PDT by whitedog57
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To: whitedog57

The number will be “adjusted” in a month or so.


2 posted on 10/05/2012 8:04:44 AM PDT by Hugin ("Most times a man'll tell you his bad intentions, if you listen and let yourself hear."---Open Range)
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To: whitedog57
Tweet from Jack Welch on these BS numbers:

Jack Welch ‏@jack_welch
Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers

3 posted on 10/05/2012 8:05:23 AM PDT by Jane Long (Soli Deo Gloria!)
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To: whitedog57; pabianice

Lord obozo and his Chitown Mafia thugs have also increased our life expectancy:

http://www.freerepublic.com/focus/f-bloggers/2940598/posts

Life expectancy up 29% under Obama
MSNBC | 10/5/12

Posted on Friday, October 05, 2012 6:43:15 AM by pabianice

In a startling development, the Federal Health and Human Services Department announced this morning that the average life expectancy of Americans has jumped to 98, a 29% increase since 1983.

HHS Secretary Kathleen Sebelius, in an unscheduled news conference this morning, addressed a crowd of reporters and health professionals.

“We are proud to announce that as a result of President Obama’s and First Lady Michelle’s efforts over the past four years, the average life expectancy has risen 29%, to the age of 98. Programs to ban large soft drinks, force school children to eat arugala, close-down Chick-fil-A restaurants, and add a new healthcare premium for people who are overweight have paid off.”

Questions from reporters about this figure being possible because young people who are out of work are no longer being counted in the population were not answered.

“We are embarking upon a promising new future,” said Sebelius. “We expect the average age of Americans to rise to 120 with the expected reelection of President Obama.”

Breaking...

Praise to Lord Obozo, who walks on water, heals the sick, stops unemployment, protects our ambassadors and has made our economy the strongest in the world.


4 posted on 10/05/2012 8:07:11 AM PDT by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
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To: whitedog57

According to Fox , a high percentage of jobs added were in the govt sector. Things that make you go hmmmmm or something rotten in Denmark?


5 posted on 10/05/2012 8:07:23 AM PDT by duckman (I'm part of the group pulling the wagon!)
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To: whitedog57

It’s the same thing they did with Obamacare...waited until they passed the legislation to read it. In this case, they waited to gin up an excuse until after they decided what the newly improved Obama supporting numbers would be.

All I can say is that if Obama and his administration try to hang their hat on their cooked 7.8% as being a good thing, then they have no sense of what America should be.


6 posted on 10/05/2012 8:08:15 AM PDT by Gaffer
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To: whitedog57
If I remember correctly from my morning commute, NPR was indicating that payrolls might go up by an anemic 130,000 and that this might possible cause the unemployment rate to go up, from 8.1% to 8.2%.

Instead, payrolls go up only 114,000 and unemployment rate plummets from 8.1% to 7.8%.

I hope people are ready to watch Obama steal the election. Through early voting and absentee ballots, he will get 51% of the votes, with a fair margin in the electoral college. All fake, of course, but he will do it and he will count on the country not having a hot revolution. It will be blatant, just like this labor statistic BS.

7 posted on 10/05/2012 8:11:14 AM PDT by ClearCase_guy (ua)
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To: Gaffer
Still, people will see this number,thinks things are better,thus vote Obama.Republicans better man up & speak out for once,this is critical.
8 posted on 10/05/2012 8:12:59 AM PDT by patriciamary (9)
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To: Grampa Dave

Department of Energy to release a statement today claiming the the US has the lowest gas prices since 1998.

If we’re building a Potemkin economy, why hold back?


9 posted on 10/05/2012 8:14:58 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: patriciamary

Anyone with any intelligence and sense can see what’s going on and this includes Independents. This race has not been ‘undecided’ for a while. The people that will tout this are in it only to try and convince the mythical undecideds to vote Obama, and the rest just parrot this as a good thing when confronted with the truth and logic to keep from looking stupid.

Independents already know who they’ll vote for; they’re either being coy or playing undecided because they like to be pandered to.

The only other reason is to try and demoralize republicans from voting, and I’ll be damned if this makes one iota of difference in my determination to vote against that stain on the Office of the President.


10 posted on 10/05/2012 8:19:50 AM PDT by Gaffer
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To: patriciamary

Romney already released a good statement today. He just needs to be on fire today at all his events to get even news coverage with this.


11 posted on 10/05/2012 8:21:56 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: whitedog57

In July, 181,000 jobs were added: 8.3% unemployment
In August, 142,000 jobs were added: 8.1% unemployment
September, 114,000 jobs were added: 7.8% unemployment.
Yeah, right! Anything to get re-elected!


12 posted on 10/05/2012 8:23:23 AM PDT by xuberalles ("The Right Stuff" Conservative Novelties http://www.zazzle.com/xuberalles)
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To: whitedog57

What are the employment tax receipts for September?


13 posted on 10/05/2012 8:29:05 AM PDT by OpusatFR
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To: whitedog57

14 posted on 10/05/2012 8:31:10 AM PDT by Signalman
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To: Grampa Dave

That article was satire- that they posted the source as MSNBC has confused a lot of people.


15 posted on 10/05/2012 8:39:37 AM PDT by Dianna
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To: OpusatFR

I’d like to see the food stamp roll reductions.


16 posted on 10/05/2012 8:40:24 AM PDT by edcoil (It is not over until I win.)
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To: Dianna

The claims by the OboZo and his Chicago thugs before the election will make this satire look minor.


17 posted on 10/05/2012 8:41:19 AM PDT by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
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To: listenhillary

“Department of Energy to release a statement today claiming the the US has the lowest gas prices since 1998.”

Apparently, that is true in the Red states and not true in the blue states like California as per Lord Obozo and his Chi Town Mafia thugs, controlling America.


18 posted on 10/05/2012 8:44:45 AM PDT by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
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To: Grampa Dave

They will also be announcing a glorious new 5-year plan.


19 posted on 10/05/2012 8:50:30 AM PDT by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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sfl


20 posted on 10/05/2012 8:54:38 AM PDT by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
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To: xuberalles
5th grade math... increasing the denominator will reduce the result (percentage). a shrinking numerator means a BIG increase in the denominator is needed and that is what we got...

Notice no one is saying this was “unexpected”. Wonder why?

21 posted on 10/05/2012 8:58:04 AM PDT by RedEyeJack
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To: listenhillary

Oceania has always been at war with Eastasia......


22 posted on 10/05/2012 9:15:54 AM PDT by USNBandit (sarcasm engaged at all times)
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