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US jobless rate falls to 7.8 pct., 44-month low
Yahoo News ^ | October 5, 2012

Posted on 10/05/2012 5:44:02 AM PDT by Oldeconomybuyer

click here to read article


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To: Oldeconomybuyer

The Obama administration has added 10,000 civilian workers to the federal government’s payroll since July, according to BLS. In that month, the federal government employed 2,804,000 civilian workers. In August, that increased to 2,810,000. And, in September, the number of civilian federal employees increased again to 2,814,000


141 posted on 10/05/2012 6:32:37 AM PDT by kabar
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To: Wyatt's Torch

Bloomberg is citing part-time work as the factor driving the Household Survey as well.


142 posted on 10/05/2012 6:34:36 AM PDT by hcmama
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To: Oldeconomybuyer

October surprise


143 posted on 10/05/2012 6:38:06 AM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
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To: Oldeconomybuyer

subject to revision/correction in 2 months


144 posted on 10/05/2012 6:38:25 AM PDT by EDINVA
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To: tsowellfan
There's this from David Stockman back in February 2012.

It's True, The BLS Data Is Made Up

145 posted on 10/05/2012 6:39:16 AM PDT by Madame Dufarge
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To: MrDem

Is there a lag on this? Does this reflect the summer’s seasonal workers?


146 posted on 10/05/2012 6:39:54 AM PDT by madameguinot (Our Father's God to Thee, Author of Liberty)
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To: Madame Dufarge

http://hotair.com/archives/2012/10/05/jobs-report-114k-jobs-added-jobless-rate-7-8/


147 posted on 10/05/2012 6:40:33 AM PDT by tsowellfan
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To: montag813

“Now watch as the media explodes with enthusiasm, and promotes the new meme: Obama saved us and earned a second term.”

Who cares about the BS media. It’s now the most mistrusted institution in America with only 9% of Americans believing their BS. This report is another nail in the MSM coffin.


148 posted on 10/05/2012 6:40:58 AM PDT by sergeantdave (The FBI has declared war on the Marine Corps)
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To: Oldeconomybuyer

Now we know why Obama had that bemused smirk on his face. BLS always gives the adminimstration a heads up on the numbers. Obama knew this information the night of the debate. He thinks it will insulate him from the poor economy and high unemployment criticism and guarantee his reelection.


149 posted on 10/05/2012 6:41:18 AM PDT by kabar
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To: Common Sense 101

LLOLOLOLOLOLOLOL.....
...........and Obama asked Mitt in the first debate “ do your math”! heee heeee


150 posted on 10/05/2012 6:41:45 AM PDT by pollywog ("O Thou who changest not, abide with me.".......)
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To: sergeantdave

This was all driven by part-time work. Burger flippers.

That should be the response - these are not career jobs, part time jobs.


151 posted on 10/05/2012 6:42:12 AM PDT by mrs9x
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To: NotTallTex

Exactly right...
Watch soros too..
The crisis had his hands all over it.


152 posted on 10/05/2012 6:44:16 AM PDT by matginzac
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To: Oldeconomybuyer

These people have “0” credibility when they keep “revising” prior months every month, come next month and December, you will see this FAKE number revised yet again to a lower number. This entire administration and government are running on solely on LIES!!! What a crime!


153 posted on 10/05/2012 6:44:56 AM PDT by LibFreeUSA
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To: John W
From CNBC: "The government said the total number of jobs employed surged by 873,000, the highest one-month jump in 29 years."

So in one month we went from nothing to 1983 Reagan boom numbers?

Unbelievable.

I guess next week I can go see Atlas Shrugged Part 2 or just turn on the TV watch it happen in real-time.

154 posted on 10/05/2012 6:46:02 AM PDT by magellan
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To: Oldeconomybuyer; All
We all joked this would happen but who knew they'd be so brazen as to actually do it ?

At the very end, this is interesting:

Still, many of the jobs the economy added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million.

I am one of those.

I didn't notice mention of the labor participation rate.

155 posted on 10/05/2012 6:47:37 AM PDT by newzjunkey (Osama's dead... and so is our ambassador - Coulter.)
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To: Wyatt's Torch

amazing....the Oct. surprise will be a series of misleading facts to prop up the economy and make Mitt look disconnected 1) the 47% video 2)unemployment cooked to be under 8%.. next?


156 posted on 10/05/2012 6:47:50 AM PDT by texasdataguy
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To: Perdogg

Love Jack Welch :)


157 posted on 10/05/2012 6:52:13 AM PDT by erod (This Chicagoan will crawl over broken glass to vote the fake Chicagoan Obama out!)
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To: newzjunkey

So in other words, over 600,000 of those allegedly created jobs last month were part time.


158 posted on 10/05/2012 6:53:01 AM PDT by mrs9x
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To: Oldeconomybuyer
So, 873,000 people just suddenly vanish from the count of unemployed?!?!?

Here's a peculiar statistical aberration:

Household Survey people employed: +873,000 (source)

Part-time jobs for economic reasons: +582,000 (source)

-> 582,000 divided by 873,000 = 0.666666666666*

Aka: precisely two thirds. Whatever are the odds...

ZeroHedge

159 posted on 10/05/2012 6:54:00 AM PDT by RobertClark (Be prepared, be polite, be professional and have a plan to kill everyone you meet.)
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To: Oldeconomybuyer

Happy days are here again - just have to believe in Big Media!


160 posted on 10/05/2012 6:54:53 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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