Posted on 02/05/2010 5:47:16 AM PST by central_va
Yah, I agree this is gobbldygook. What I got from this was Unemployment is down (good), employers reduced jobs by 20,000 (bad), and that the explanation may be that large numbers are giving up looking at all (bad).
It might make more sense to look at employment rather than unemployment. How many full time workers are there verses number of Americans.
Yah, I agree this is gobbldygook. What I got from this was Unemployment is down (good), employers reduced jobs by 20,000 (bad), and that the explanation may be that large numbers are giving up looking at all (bad).
It might make more sense to look at employment rather than unemployment. How many full time workers are there verses number of Americans.
No, it isn’t a mistake. The rate of unemployment is shown as the number of unemployed people willing and able to work who are actively seeking employment. In a workforce of 1000, where 100 are not working and are seeking to work, the unemployment is 10% (100=10% of 1000) If in the following month 50 of those 100 who were looking for work last month get discouraged and stop looking, then only 50 people are considered to be unemployed (folks who don’t look aren’t counted),so the RATE of unemployment drops to only 5% (50=5% of 1000).
I get it in a seperate government survey of “familys” they “discovered” 500,000 jobs all of a sudden. What a joke. This is pathetic. In the real world they lost 20,000 jobs.
As my father used to say, “Figures do not lie. However, liars figure.”
However, pre-Clinton revisions, those 5 who quit would still be counted.
“War is peace
freedom is slavery
truth is a lie
ignorance is strength
taxation is liberty
Saul Alinsky was a founding father..”
Oh, you forgot one: “Diversity is our strength” Another LIE from odongo.
Anyone with even half a brain can see their cookin’ the books.
Seeing I despise political correctness, I’ll just say it for em: “My fellow Americans (if odumbo can actually in good conscience utter such words), we’re in the greatest ECONOMIC DEPRESSION the world has ever seen. But it’s not our policies or leadership, its those dumb Europeans over there. Have no fear, we’ll fix it here shortly.”
Just heard Stuart Varney say that the Labor Dept. miraculously found 500,000 jobs that weren’t there before. Thus the drop in the percentage. (Rolling my eyes)
I recently interviewed for a job at a local farm coop in Kansas. The hiring manager was a punk 25 year old kid. He made no bones about telling me that he was not about going to hire any “old people”. He went to great lengths to tell me that his new masters degree in accounting was more valuable than my experienced MBA. He told me that he intended to hire a recent college grad whether he had any experience or not, that he didnt need any old guys with a lot of experience because he could teach the new guy what he needed for him to know. I asked him, so if you dont know it, how will you teach it, to which he bluntly told me, I can hire a consultant. A week later I got a rejection letter, as did several of my experienced friends who also applied for the position.
Like democrat absentee ballots. They just popped up out of no where.
Job losses continue but rate falls
http://money.cnn.com/2010/02/05/news/economy/jobs_january/index.htm
“The so-called under-employment (which actually is the REAL UNEMPLOYMENT rate) rate fell to 16.5% last month from from 17.3% in December. The under-employment rate measures the percentage of Americans who were unable to find jobs with the amount of hours they want to work, as well as those without jobs who have become discouraged and stopped looking for work.”
Only 16.5%! Time to celebrate. (sarc)
Hammer, meet nail.
They are juggling the numbers faster than a Cirque Du Soleil performer on a bed of coals................
Ping
The equity markets would have shot up with huge gains immediately if they thought that this was real. Instead, a well-earned yawn.
What is so galling to me about this charade is that the government will stand there and look us in the eye and bald-face lie about the results, even when they know that the majority of its citizens know the numbers are a manipulated lie. It is nothing but sheer deceit and deception....the same tactics used by commie marxist governments world-wide. We need to clean House. And while we are at it, we need to clean the Senate and White Hut too.
First, so far, all monthly BLS numbers for unemployment have been, later, ‘revised’ upwards.
Also, who would think of any Federal agency to have quality numbers. Just from memory, I recall the Air Force not knowing how many planes it had, couldn’t find a few, and had a few it didn’t even know about. Meanwhile Wal-Mart can tell you the exact number of Little Joey fishing poles, what store they are in, if they are on the shelves and so forth. Fed-Ex can tell where your new made in Taiwan laptop is.
GM was/is famous for not knowing physical plant, equipment, debts, liabilities, costs. It’s books are useless.
So too most governments. Why? Why do loser institutions have this trait? Because it is beneficial to those in the (dis)-organization, at lest short term.
By and large, with all the clerks, doctoral degrees statisticians, doctoral degrees economist, our present economic state was unforeseen.
Like the Global Warming delusion, the Feds numbers are junk. They’ll tell you that. Further their ‘model’ which doesn’t and hasn’t ever predicted anything is junk too.
Even the present economy, save by the bears like James Grant, and the Austrians was unpredicted by the private market. Why? Because it is too complex, there is too much going on, you can not have enough people with enough computer power to figure out what a billion economic actors are going to do.
If you do, it is no more reliable than being at a blackjack table and betting strong because you ‘are hot’ or the ‘cards are going your way’.
We want to be able to believe. The people with the nice, pensioned, in by 9 out by 3 jobs at the Bureau of Labor Statistics want to believe, or if not will sell the notion, just like central planning clerks in the Soviet Union sold the newest 5 year plan.
These are all yes men, but instead of agreeing over booze with the boss at some late afternoon lunch, they tell them what they want to hear with numbers.
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