Posted on 02/05/2010 5:47:16 AM PST by central_va
Seasonally adjusted BS.
Use Karl Denninger’s analysis of these reports.
Also, if you go to MarketWatch, search “irishscot2.”
http://community.marketwatch.com/irishscot2
In my opinion “irishscot2” has THE best analysis of all government reports.
As he says about this one, these numbers are seasonally adjusted. They will be up again in the spring. He predicts unemployment (U3) will be over 12% by fall...election time. And he is very accurate in these predictions.
During the Clinton years, they would over estimate the job gains and under estimate the losses to manufacture fraudulent propaganda for the Clinton regime.
Bush changed that. His administration tried to be as accurate as possible. Almost always they revised up the job gains after the fact.
Now we are back to the 0 regime massaging the number to generate favorable propaganda, then fixing their over optimistic numbers much later.
?????????????? The only way that can happen is if a huge number of working-age Americans died last month. Or something funny is going on with statistics. As Mark Twain said, there are lies, there are !&^*&$#! lies, and then there are statistics.
Kind of like reporting 4.5% Unemployment was the worst economy since Herbert Hoover.
Losing 8.5 million jobs is now better than expected.
Makes perfect sense to me.
Here, in St. George UT, we have a brand new business on the main drag. I’m guessing it will employ ten people and they are hiring! Maybe Obama counted them twice.
Only thing is, it’s a payday lender thingy....
SOMEBODY IS FUDGING THE NUMBERS!!!!
Want to know how statistical magic is performed today? If you are unemployed beyond a certain number of months, PRESTO!
You’re not unemployed anymore! You are a “discouraged” worker, and you don’t count as “unemployed” anymore!
Take the red pill, Alice, and welcome to the USSA!
Yup, and the Chocco ration is going up to 25 grams.
Why do I suspect the accuracy/veracity of this report?
These guys are cooking the books. Unemployment drops to 9.7% with a concurrent LOSS of 20,000 jobs? Seems a sharp increase in the number of people giving up looking for work helped to depress the jobless rate. The number of ‘discouraged job seekers’ rose to 1.1 million in January.
Who knew they had such strange dichotomies in their stats. Employed Americans...and what does that mean? What constitutes an employed American? My kid has a roommate who's working 20 hours per week, and desperately needs full time, but there are no full time positions at his work place at present. My point, does the figure of employed Americans include "under employed?"
And isn't this whole job stat a little suspicious coming out on the same day as the devastating news that the job losses were overwhelmingly underestimated for the past year and a half?
Surely the obama labor department would not find ways to manipulate data to make obama look good, just as he seeks more money for “jobs”?
It is fascinating that unemployemnt “dropped” even after last week’s revelations of a “missing” 824,000 jobs not calculated during the past year
“unexpectedly”
There is that word again. This administration claims just about everything is “unexpected”! What a bunch of inept losers. Of course I think these numbers are being made up and manipulated!
The DOW shed 268 point yesterday so we had to say something to make it look like Green Shoots...
OK that must be what the cooking is for. Maybe a new “spin”. To coincide with bogus government reports....Oh that explains it. Government Reports.
Bogus #’s.....Obama will be spinning this today
I wonder if they found more ‘Gore” votes with those jobs!
“A sharp increase in the number of people giving up looking for work helped to depress the jobless rate. The number of ‘discouraged job seekers’ rose to 1.1 million in January from 734,000 a year ago.”
The rate dropped because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said. " - LATimes.
They called around - like a poll!! Did they just keep calling people until they got the number they wanted?
What?!? Today, it unexpectedly dropped. Yesterday, it unexpectedly rose. The day before they had to adjust by adding more numbers. The day before that...
If job losses are increasing how is the % of unemployment going down. This one is by me.
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