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The Strangest Number In Today's Jobs Number
zerohedge.com ^ | 10/05/2012 | Tyler Durden

Posted on 10/05/2012 2:02:45 PM PDT by Snuph

So somehow in September, in addition to all the other discrepancies in the labor report, we have one more to add: that of the Schrodinger Student: one who is both in college and piling up student loans on one hand, yet on the other hand entering the work force in the month of September, a time when historically every single month in recorded history has seen an exit from the labor force for the 20-24 year old cohort.

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


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: economy; magicnumbers; schrodingerstudent; unemployment
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First time in history, yeah that's the ticket!
1 posted on 10/05/2012 2:02:50 PM PDT by Snuph
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To: Snuph

I was slightly encouraged that some of the snarks relative to this obviously phoney number (like Jack Welch) are actually making it into the MSM.


2 posted on 10/05/2012 2:06:17 PM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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To: Snuph

In other news.. Mother Russia again has a record grain crop!

*snicker*


3 posted on 10/05/2012 2:07:22 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Snuph

They used Occam’s Razor to slice and dice the numbers for the election.

The simplest explanation? fraud.....................


4 posted on 10/05/2012 2:08:08 PM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: Snuph

Obama is a freaking genius.


5 posted on 10/05/2012 2:08:25 PM PDT by eyedigress ((zOld storm chaser from the west)/?)
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To: carriage_hill

ping

LOL...the Schrodinger Student


6 posted on 10/05/2012 2:11:17 PM PDT by thouworm (.)
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To: Snuph
Unexpected....surprising and....(drum roll)...

First time in history......(like a communist crypto-islamic at 1600)

7 posted on 10/05/2012 2:17:50 PM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: thouworm

Yes, I am an old fogey, but what is a Schrodinger Student?


8 posted on 10/05/2012 2:24:01 PM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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Comment #9 Removed by Moderator

To: spokeshave

Turnip production up for second five year plan in a row!
Number of left shoes produced out paces right shoe for
first time.
Zipper quantities soar, while zipper pull production
remains steady.


10 posted on 10/05/2012 2:25:04 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: TexasFreeper2009

The chocolate ration has been increased from 30 grams per week to 25 grams per week.


11 posted on 10/05/2012 2:28:27 PM PDT by USNBandit (sarcasm engaged at all times)
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To: Pining_4_TX
Yes, I am an old fogey, but what is a Schrodinger Student?

It is a reference to Schrödinger's cat, a quantum physics thought experiment where the cat is simultaneously alive and dead until it is observed. This refers to students who are simultaneously in and out of the workforce, which might be the trick being pulled by the BLS to boost their employment numbers right before the election.

A lot of dirty business is hidden by how the BLS does their seasonal adjustments. More secret sauce than a political poll.

12 posted on 10/05/2012 2:35:13 PM PDT by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
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To: TexasFreeper2009

“Great news, comrade political officer! Eastern collectives are reporting a Sorghum production increase of thirty-two percent over the last fiscal period!”


13 posted on 10/05/2012 2:40:23 PM PDT by The KG9 Kid (Semper Fi)
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To: Snuph

What is sad is seeing people think that a change from just over 8% to 7.8% actually means something. That’s about a 4% change. The overall job picture is dismal, and a 4% change is not anything to crow about.


14 posted on 10/05/2012 2:46:32 PM PDT by I want the USA back
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To: I want the USA back
I think it has been overwhelming proven the entire BLS report today is bogus. A fiction to inspire the ignorant to rally to their prophet.
15 posted on 10/05/2012 2:51:14 PM PDT by Snuph ("give me Liberty...")
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To: KarlInOhio; Pining_4_TX

They should be using the more accurate U6 numbers, instead of the ‘cooked’ U3 numbers:

http://portalseven.com/employment/unemployment_rate_u6.jsp

vs

http://portalseven.com/employment/unemployment_rate.jsp


16 posted on 10/05/2012 2:51:58 PM PDT by carriage_hill (Libs, dems, unions, leftist scum & murderous muzzies - are like bacteria: attack, attack, attack!)
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To: I want the USA back
"What is sad is seeing people think that a change from just over 8% to 7.8% actually means something."

I agree that: 1. The 7.8% is total contrivance, and 2: the hard numbers measure little real difference.

Having said that, some numbers and report benchmarks have psychological effects way out of proportion to their actual differences.

On any business's bottom line, there are only $0.03 on the balance sheet that differentiate a profit, breaking even and a loss. In academics, 1% can differentiate a passing from a failing grade.

The "big deal" with 8% unemployment is that it was a stated objective of the Obama administration, and if the 7.8% was a real number, Obama could credibly state that he had delivered on his promise to get unemployment below 8%.

17 posted on 10/05/2012 2:54:42 PM PDT by Joe 6-pack (Que me amat, amet et canem meum)
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To: thouworm

Funny, abstract theorem. Again, U3 vs U6 data. Simmer it, cook it, boil it, BLS.


18 posted on 10/05/2012 2:54:51 PM PDT by carriage_hill (Libs, dems, unions, leftist scum & murderous muzzies - are like bacteria: attack, attack, attack!)
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To: All


Help End The Obama Era In 2012
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

19 posted on 10/05/2012 2:56:46 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Snuph

Personally, I am very shocked. Shocked that somebody would post an article about “the strangest number” and excerpt the article so severely I have no idea what that number is.


20 posted on 10/05/2012 3:06:25 PM PDT by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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