Posted on 10/05/2012 5:59:21 AM PDT by xzins
Just in time for the election.
These numbers are for all us market watchers and political wonks. Most people couldn’t tell you what the unemployment rate is or even who the vice president is [lucky bastards]. What they can tell you is if THEY have a job. Weather their family members or neighbors have jobs. Weather their home is worth more than it was four years ago. Weather they have more money in their pockets at the end of the month. How they relate those things to voting on Nov. 6... we’ll see. In the meantime, they can spin “the numbers” all they want... left and right. People know what they know.
Holiday hiring beginning? Where?
We knew the spin would come this month.
Part time all over.
In fact, Meijers announced yesterday that they are tripling their part-time hiring this month due to holidays.
Odd that.
Romney can counter with wanting to get people real, full-time, good paying jobs rather than have people work 2 part time jobs to make ends meet. He can talk about how companies are hiring part timers because they can’t afford obamacare for full time workers.
My home's BS detectors all blew.
Halloween costume stores, of course.
REUTERS: A survey of households from which the jobless rate is derived showed 873,000 job gains last month, the most since June 1983.
Listened to Charles Payne on the Fox Business Channel and he saying the numbers just don’t add up. They don’t add up to me, either. Adding only 114,000 and the rate goes DOWN to 7.8%. Makes no sense! Rush said it would happen!
“Most people couldn’t tell you what the unemployment rate is or even who the vice president is [lucky bastards].”
Blissful ignorance, it’s everywhere.
582,000 of that is part-time as seen on the tables.
I think the BLS has one too many letters in its abbreviation.
” - - - We knew the spin would come this month - - - “
Yup. After 4 years of Obama, the unemployment rate is finally below 8 %.
THE ROMNEY RALLY HAS BEGUN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Expect a few year-to-date, upward adjustments in the unemployment rate during December.
I honestly believe that if there was an increase in hiring, it was because employers are anticipating a Romney win and I think the GOP should spin these bogus numbers in that vein.
Construction is still lagging. I would know my husbands in the biz. I would be one happy lady if I knew he could find work 3 weeks out of the month. He took the plunge this week and incorporated so he could work as a contracter out of one of the big box stores. Its bad out there. The man has four employers (including himself now) and he still can’t get enough work.And its just not him the flooring companys he’s worked for in the past are barely keeping the carpet installer in a job. Total BS.
I had predicted this for last year in multiple posts. I said they would reduce the number in the job force to get the desired unemployment number under 8.0% . Several other sources had predicted increases of the rate to 8.2%
Do we think that an outfit who setup Operation Fast and Furious to justify domestic gun control and resulted in the DEATHS of hundred of Mexicans and our own border patrol agents would have ANY problem fudging a few numbers. I would have been SHOCKED if the number had been 8.0% or higher.
Big surge in part-time hiring, and the discouraged workers huge numbers stay the same.
Look at the employed/unemployed numbers. If you get the number of employed UP by part-time hires, and you get the number of unemployed DOWN by dropping huge amounts of discouraged workers from the numbers altogether, then you have a lower number of unemployed with a higher number of employed and your rate falls.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.