Keyword: magicnumbers

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  • Believe it – Employment Numbers Were Ginned

    10/15/2012 4:15:44 AM PDT · by Kaslin · 24 replies ^ | October 15, 2012 | Bruce Bialosky
    A couple weeks ago, this column analyzed the inflation rate reported by the Bureau of Labor Statistics (BLS), and concluded that you should rely on your common sense when the government reports questionable statistics. If they don’t make sense based on what you see, experience, and hear from your friends, then they’re probably wrong. Last week’s unemployment number – which decreased to a still-dismal 7.8% – should not only make no sense to you, but should have never made sense to the BLS and therefore should never have been issued. So am I just popping off or is there a...
  • Scary: Obama Appointed the Jobs Number Cruncher; Scarier: Her Resume

    10/09/2012 12:33:43 PM PDT · by SeekAndFind · 39 replies
    Townhall ^ | 10/09/2012 | Charles Payne
    First, I'm a grandfather for the first time, and it's an amazing blessing. The country my granddaughter has come into is at a very dangerous point. The economy is teetering, but Main Street is being told it's all okay. What's problematic is the rapid decline in the last year. That unemployment rate number on Friday was a total farce, but even if it was completely honest, 7.8% is way too high for an economy that supposedly turned the corner a long time ago. The number doesn't jibe, with an economy growing at 1.3%. The only honest aspect of the report...
  • Source of Strange Jobs Numbers: Obama's August Reprieve to 1,800,000 16-30 Year Old Illegals?

    10/06/2012 10:43:42 AM PDT · by xzins · 17 replies
    Freeper Editorial ^ | 6 Oct 12 | Xzins
    In June, President Obama issued an executive order permitting the 16 to 30 year old children of illegal immigrants to remain in the US without fear of deportation. The move affected some 1.8 million young adults, all apparently, of working age. According to the order, beginning in mid-August all of these young people would have unimpeded access to jobs, and that access would be renewable every other year. Reports of the progress of Obama's program have stated that lines have been long and that applications have been plentiful. Since these young people were all of an age when they are...
  • 7.8% ? I called it months ago. So Predictable. (Ann Barnhardt predicts false-flag assassination)

    10/07/2012 3:57:20 PM PDT · by E. Pluribus Unum · 17 replies ^ | 10/05/2012 | Ann Barnhardt
    POSTED BY ANN BARNHARDT - MARCH 6, AD 2011 9:42 PM MST ...In my opinion, the "best-case scenario" would be continued inflation at roughly the pace we are experiencing now until Obama is removed from office. I am of the considered opinion that there is absolutely ZERO chance for any stabilization or recovery so long as the Obama regime holds power. ZERO. Why would there be? The Obama regime is actively and consciously trying to destroy the United States and its economy. Do you think these people are going to wake up one morning, come to Jesus, and suddenly...

    10/07/2012 10:18:35 AM PDT · by Texas Eagle · 17 replies ^ | 10-7-12 | Chriss W. Street
    OBAMA MAGICALLY LOWERS UNEMPLOYMENT BY ELIMINATING WORKFARE Chriss Street Oct. 7, 2012 All great magicians employ misdirection in creating miraculous illusions, leaving their audiences stunned and confused. President “Houdini’s” miraculous creation of 873,000 jobs in the month of September drove down the national unemployment rate from 8.1% to 7.8%, just as absentee voting begins. The trick left Republicans and economists equally befuddled, since the last time a similar monthly jobs increase appeared was June of 1983 when the economy was growing at an astronomical 9.3% annual rate. But looking behind Barack the Great’s smoke and mirrors reveals that the President’s...
  • President Obama's team slams critics of new unemployment statistics as 'lunatics'

    10/07/2012 1:17:38 PM PDT · by Nachum · 77 replies
    New York Daily News ^ | 10/06/12 | Tracy Connor
    President Obama’s advisers attacked critics for suggesting the White House fudged jobs figures, comparing them to “lunatic” birthers. The sub-8% unemployment stats were released by the non-partisan Bureau of Labor Statistics Friday, but former GE chief Jack Welch and several Tea Party figures claimed the numbers were cooked. Obama campaign senior adviser Robert Gibbs called such comments “incredibly dangerous” and said Welch had embarrassed himself. “There's a number of people that believe the real unemployment report is somewhere in a safe in Nairobi with the president's Kenyan birth certificate," Gibbs said sarcastically on NBC’s “Meet the Press” Sunday.
  • Bureau of Labor Alternative measures of labor under utilization U-6 Unchanged at 14.7%

    10/05/2012 2:46:53 PM PDT · by NoLibZone · 4 replies ^ | Oct 5 2012 | U.S. Bureau of Labor Statistics
    HOUSEHOLD DATA Table A-15. Alternative measures of labor underutilization [Percent] Measure Not seasonally adjusted Seasonally adjusted Sept.2011 Aug.2012 Sept.2012 Sept.2011 May2012 June2012 July2012 Aug.2012 Sept.2012 U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 5.2 4.3 4.2 5.3 4.6 4.6 4.5 4.4 4.3 U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force 5.0 4.4 4.0 5.2 4.5 4.6 4.6 4.5 4.2 U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) 8.8 8.2 7.6 9.0 8.2 8.2 8.3 8.1 7.8 U-4 Total...
  • This is no jobs recovery

    10/05/2012 10:29:21 AM PDT · by Lakeshark · 13 replies
    The Washington Post ^ | 10/5/12 | Jennifer Rubin
    Pretty soon we will have only a few million people employed and “full employment” in this country. Well, not quite. But you get the point. The economy is creating so few jobs that millions are staying out of the labor market, thereby prevent the unemployment rate from soaring. In September we created a measly 114,000 jobs, but the rate declined to 7.8 percent. Consider that if labor force participation had held even since January (when it was 8.3 percent), the jobless rate would be 8.4 percent. If the job participation rate were the same as when Barack Obama took office,...
  • The sickly, stagnant September jobs report

    10/05/2012 10:39:28 AM PDT · by Lakeshark · 10 replies
    AEIdeas ^ | 10/5/12 | James Pethokoukis
    Is this the Obama October Surprise? Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isn’t. Not at all. 1. Yes, the U-3 unemployment rate fell to 7.8%, the first time it has been below 8% since January 2009. But that’s only due to a flood of 582,000 part-time jobs. As the Labor Department noted: The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time...
  • White House: Jobs report further evidence of recovery

    10/05/2012 8:12:37 AM PDT · by ColdOne · 33 replies
    politico44 ^ | 10/5/12 | BYRON TAU
    "The monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available," Krueger wrote.
  • 1,035,000: Construction Jobs Lost Under Obama

    10/05/2012 10:26:02 AM PDT · by kingattax · 8 replies
    CNS News ^ | 10-5-12 | Terence P. Jeffrey
    When President Barack Obama signed his economic stimulus legislation on Feb. 17, 2009, he said that one impact of the act would be to create jobs for 400,000 people building and rebuilding the nation's infrastructure. But despite a price tag that the Congressional Budget Office now says was $833 billion, the economic stimulus of February 2009 did not create 400,000 new construction jobs. In fact, according to the Bureau of Labor Statistics there are now 1,035,000 fewer construction jobs in the United States than there were in January 2009, when Obama was inaugurated, and 925,000 less than in February 2009...
  • 81 Jobs Per Day, Per State. That's The "Obama Recovery."

    10/05/2012 9:14:51 AM PDT · by usconservative · 14 replies
    Self | 10/5/2012 | USConservative
    Let’s get serious about the jobless rate here for just a minute. Number of “new jobs created” in September: 114,000 Number of first-time jobless claims in September: 367,000 (Week ending Sept. 28th) The average weekly first time jobless claims in September averaged over 360,000 which means in September, 1,440,000 people lost their jobs and had to find a new one. Does it stand to reason to anyone with a functioning brain that the unemployment rate could “drop” three-tenths of a percent with those numbers? It’s mathematically impossible! UNLESS YOU STOP COUNTING THOSE WHO’VE FALLEN OFF THE ROLLS, THOSE WHO’VE GIVEN...
  • Market laughs at Obama's 7.8% unemployment fantasy

    10/05/2012 1:41:49 PM PDT · by pabianice · 55 replies
    Fox News Channel Live | 10/5/12
    On Cavuto. After the initial excitement of the sci fi 7.8% unemployment figure released by Obama, the market took a second look at the background figures and decided that Obama is lying. Market then gave-back most of the day's gains, realizing that both the employment and the domestic product numbers are terrible.
  • The Strangest Number In Today's Jobs Number

    10/05/2012 2:02:45 PM PDT · by Snuph · 26 replies ^ | 10/05/2012 | Tyler Durden
    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.
  • The jobs numbers: never mind the quantity, check the quality

    10/05/2012 1:09:14 PM PDT · by Perdogg · 13 replies
    ~snip~ Buried in the Friday's jobs report is evidence that a disturbing trend continues: the creation of more part-time jobs, many of them low-wage, taking the place of solid middle-class careers. Positions in sectors like manufacturing continued to decline last month, replaced by new jobs in the healthcare, warehousing and retail industries. A lot of these jobs don't allow workers to rack up enough hours to earn healthcare benefits – let alone break out of poverty. The key data in the new report can be found in a table called "A-8". It shows that more workers are in stuck in...
  • Santelli Smells A Rat: 'I Told You They'd Get It Under 8%—They Did!'

    10/05/2012 10:34:53 AM PDT · by chessplayer · 20 replies
    Rick Santelli, the man who helped launch the Tea Party with his impassioned comments from the trading floor in 2009, sees the hand of politics at work in today's announcement that the unemployment rate has dipped below 8%. Speaking on CNBC's Squawk Box this morning just minutes after the number was announced, Santelli said: "I told you they'd get it under 8%--they did!" View the video after the jump. The Obama campaign is sure to jump on the news today--but Santelli has put a big question mark over the validity of the data.
  • Meet the Obama Donors at the BLS

    10/05/2012 12:26:16 PM PDT · by ColdOne · 6 replies ^ | 10/5/12 | Washington Free Beacon Staff
    At least two economists at the Bureau of Labor Statistics (BLS) have contributed to President Barack Obama’s campaign. Harley Frazis of Bethesda, MD, has contributed at least $2,000 to Obama and $9,000 to the Democratic National Convention over the last three election cycles.
  • Only a Fringe Kook would Buy these OLabor Numbers

    10/05/2012 11:43:58 AM PDT · by publius321 · 18 replies ^ | 10/5/2012 | Scott Ryan
    To the shock of very few, the Labor Department came out with some help for Barack Obama today. (Not that the numbers are good but the degree of the move is dubious.) Knowing how adroit Obama and his 3rd world administration are at using federal agencies to usurp power, they probably had these employment numbers planned as their "ace in the hole" long before the Wednesday night debate. If Obama had performed competently in the debate, I have little doubt the numbers would have been calculated differently. What fool wouldn't believe that this administration WOULD NOT cook the books to...
  • Reason UE Plunged: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement

    10/05/2012 11:45:46 AM PDT · by Abiotic · 20 replies
    Zero Hedge ^ | 10-05-2012 | Tyler Durden
    We already noted the absolutely stunning surge in reported Household Survey jobs which "added" 873,000 jobs, or the most since 2003 and the second most in the past decade, which was just a little bit off the Household Survey used in the monthly NFP jobs changes, which came at 114,000, or about 8 times less. But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons...
  • Reason For Today's Unemployment Rate Plunge: Part-Time Jobs Surge

    10/05/2012 10:27:15 AM PDT · by mojito · 26 replies
    ZeroHedge ^ | 10/5/2012 | Tyler Durden
    We already noted the absolutely stunning surge in reported Household Survey jobs which "added" 873,000 jobs, or the most since 2003 and the second most in the past decade, which was just a little bit off the Household Survey used in the monthly NFP jobs changes, which came at 114,000, or about 8 times less. But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons...