How is this possible:
114,000 jobs added in September 2004 drops U3 Unemployment by 0.1%
114,000 jobs added in September 2012 drops U3 Unemployment by 0.3% (when we have a higher total population)
Same number of jobs, bigger total labor pool, and you get three times the drop in unemployment?
Other than manipulating data, what other plausible explanation is there...?
I don’t think anybody believes these numbers.
Based on observation, however, I would say that Obama’s policies are being very successful in creating a European-style underground economy: people collect government benefits while at the same time being hired “off the books” for jobs by small companies that are terrified of the new government regulations and tax structure and want to maintain a low profile.
That’s one of the things that brought down Spain, which actually had a lot of jobs...but because of excessive regulation and excessive taxes, they were all off the books, and eventually the whole game imploded. Aznar tried to change this, but Zapatero brought it back with a vengeance. And now Spain is paying the price.
Let’s not go there. Get rid of Obama NOW!
Not surprising, we live in a command economy now controlled by the central bankers and politicians. All the statistics are cooked that come out of the government and you really can’t trust any of them. The guy over at shadowstats keeps a better set of books.
Worse, the Left expects sane people to believe there were almost 600,000 PART TIME jobs created in September. That is simply laughable.
If Obama’s lying Labor Dept. was going to doctor the percentage, they should have started back in Feb. to jack it up 50,000 at a time, but Hilda Solis, who is even too stupid to cheat correctly, dumped all these bogus numbers in the hopper the month before the election. I think Congress ought to call hearngs and let that Commie bimbo defend her numbers. That would truly be hilarious.
Nobody is going to believe this number except MSNBC viewers. Leftie reporters, however, will pretend to believe them in public.
The stakes are very great. The people in charge of the numbers have a lot to gain and nothing to lose. They will never be held accountable for lying. Their “principles” allow them to lie for their cause.
Conclusion - the numbers are a lie.
But; the fact is that the unemployment number is being calculated differently know than 4 years. Not sure of the details; but it is a different method. That alone from what I remember is showing the rate about 3% lower than it should be?
So it's not a big leap to hear on late November that; oops, we changed something in the data and Oct numbers are wrong.
The timing and amount of change is just too convenient.