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The Insiders: This monthís jobs headlines donít tell the true story
Washington Post ^ | July 3 | Ed Rogers

Posted on 07/04/2014 6:03:26 PM PDT by xzins

The headline of today’s jobs report, that 288,000 jobs were created in the last month, is positive. At least, it is better than a poke in the eye with a sharp stick. However, as with most economic reports these days, there is a veneer of good news — but when you look closer, the White House is using the positive headlines to hide the growing deterioration of the American workforce.

Last month, 523,000 full-time jobs were lost, while 799,000 part-time jobs were added. Another way of looking at these numbers is that almost all of the 288,000 jobs created last month were just part-time positions. And remember, not even that would happen if President Obama got his way and raised the minimum wage during this anemic recovery.

We need more robust job growth in this country, but, specifically, we need good, well-paying, full-time jobs. Right now, only 47.7 percent of adults in America are working full-time. Losing more than half a million full-time jobs in one month is not indicative of a strong, growing economy. It’s a red light flashing on the nation’s dashboard.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: economy; fraud; fulltime; jobs; jobsreport; parttime; temporary; truth; unemployment; wages
Smoke and mirrors from our fraudulent leaders. As the article says: "After all, the unemployment rate would be zero if everyone just quit looking for work."
1 posted on 07/04/2014 6:03:26 PM PDT by xzins
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To: All

Smoke and mirrors from our fraudulent leaders. As the article says: “After all, the unemployment rate would be zero if everyone just quit looking for work.”


2 posted on 07/04/2014 6:03:50 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

3 posted on 07/04/2014 6:08:30 PM PDT by 4Liberty (Our 13th Amendment abolished slavery, yet they continue forcing us to "transfer" our work products.)
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To: 4Liberty

When your statistical method allows your worst possible outcome to be your best possible score, then know that someone is cooking the books.


4 posted on 07/04/2014 6:14:36 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

How did this get in the Washington Post?


5 posted on 07/04/2014 6:15:26 PM PDT by Perdogg (Ted Cruz-Rand Paul 2016)
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To: Perdogg

this is actually the second one in two days, though more hard hitting than yesterdays: http://www.freerepublic.com/focus/f-news/3175684/posts


6 posted on 07/04/2014 6:21:03 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Perdogg

Infiltrator posing as an illegal immigrant?


7 posted on 07/04/2014 6:22:19 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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Comment #8 Removed by Moderator

To: xzins
Of course the numbers are phony.
After the poll showing ZERO the worst EVER.
LSM will do everything they can to prop up the scum. . .
9 posted on 07/05/2014 2:01:31 AM PDT by DeaconRed (Why would ANYBODY want to be President after the mess ZERO is leaving?)
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To: xzins
When your statistical method allows your worst possible outcome to be your best possible score, then know that someone is cooking the books.

"There are lies, damned lies, and then, there are statistics."

The problem is that the few headline quantitative numbers that government and media media usually highlight (such as "unemployment" / U3) tell people very little about the true state of the actual economy and employment picture, both quantitative (underemployment, labor participation rate, employment demographics etc.) and qualitative (total hours worked, average earnings per hour worked etc.)

For example, replacing full-time jobs that pay $50 per hour with part-time jobs that pay $15 per hour is qualitatively substantially different but would not change the headline numbers one bit, yet at the same time would significantly alter the economic picture.

Once certain numbers are established as "official" indicatiors of economy, employment or inflation, they are used as guides for policies that make them relatively easy to manipulate and to paint a rosier picture, i.e., they become nothing more than politically biased statistical tools.

ObamaCare Spurs Shift Away From 30-34-Hour Workweek - IBD, by Jed Graham, 2013 August 05

Low-Wage Workweek Sliding Ahead Of ObamaCare Fines - IBD, by Jed Graham, 2014 July 03

Obama's Economy: Where Did All The Young Workers Go? - IBD, by Stephen Moore, 2014 June 17

10 posted on 07/05/2014 4:04:37 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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