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Keyword: unemployment

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  • Mud Pies From The Labor Department

    10/18/2012 10:09:14 AM PDT · by trappedincanuckistan · 6 replies
    The American Spectator ^ | 10/18/12 | Ralph R. Reiland
    The funny thing about the Labor Department's monthly unemployment report is that the number-crunching bureaucrats act like they're delivering high carat diamonds when the real worth of what they're reporting is closer to the value of a mud pie. First, a college graduate with a degree in biomedical engineering who gets a $90,000 job in his field is counted exactly the same in the government's unemployment report as a biomedical engineering graduate who can't find a job and is working weekends as a bus boy at Applebee's. Or as the PBS Newshour succinctly stated it, "If you only worked one...
  • Americans for Prosperity Ad

    10/18/2012 7:51:35 AM PDT · by Shery · 3 replies
    Americans for Prosperity.com ^ | October 17, 2012 | Unknown
  • Surprise! Jobless claims return to 18-month range …. (California screwed up the numbers last week)

    10/18/2012 7:27:48 AM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 10/18/2012 | Ed Morrissey
    It's funny what happens to a data series when consistency returns to its collection. Last week’s weekly jobless claims numbers dropped dramatically to nearly a four-year low, but later it was discovered that one large state didn't report all of its claims properly. This week, the level returns to the same range we've seen since the spring of 2011: In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week's revised figure of 342,000. The 4-week moving average was 365,500, an increase of 750 from the previous...
  • In U.S., Unadjusted Unemployment at 7.3% in Mid-October

    10/17/2012 8:23:54 PM PDT · by chessplayer · 39 replies
    WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup's seasonally adjusted unemployment rate is 7.7%, also down from September. October's adjusted mid-month measure is also more than a percentage point lower than October 2011.
  • Obama’s Real Unemployment Rate: 14.7%

    10/18/2012 4:00:21 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | October 18, 2012 | Peter Ferrara
    The Bureau of Labor Statistics (BLS) reported last Friday that 114,000 new jobs were created last month, according to its Establishment Survey of business payrolls that has been emphasized by the Obama Administration. That is pitifully weak, especially for what is supposed to be the fourth year of a recovery (the National Bureau of Economic Research scored the recession as officially over in June, 2009). As economist John Lott noted at FoxNews.com on October 5, the working age population grew by 206,000 last month. With two-thirds of those working as would be expected during a normal recovery, 138,000 new jobs...
  • Obama at Hofstra: Relatively Alert, Ergo Big Winner

    10/18/2012 12:01:34 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | October 17, 2012 | Ann Coulter
    The best question at the second presidential debate came from Michael Jones, an African-American who said: "Mr. President, I voted for you in 2008. What have you done or accomplished to earn my vote in 2012? I'm not that optimistic, as I was in 2008. Most things I need for everyday living are very expensive." To which Obama said: "Are you my half-brother?" Actually, all Obama could say was that he had ended the war in Iraq (while pointlessly escalating the war in Afghanistan) and that Osama bin Laden is dead (and so is our ambassador). Both of which must...
  • Unemployment continuing to fall, Gallup finds

    10/17/2012 6:40:03 PM PDT · by stocksthatgoup · 17 replies
    daily caller ^ | Betsi Fores
    Gallup reported Wednesday a seasonally unadjusted unemployment rate of 7.3 percent in mid-October, far below the Bureau of Labor Statistics’ controversial September rate of 7.9 percent, which is seasonally adjusted. “The decline in unemployment but uptick in the number of Americans working part time but looking for full-time work is likely the result of seasonal hiring, which picks up in the fall for Halloween and continues through the end of the holiday season,” writes Gallup. The seasonally adjusted unemployment rate was 7.7 for the month, according to Gallup, still lower than the BLS number. Gallup’s results were based on its...
  • Gallup: The Unemployment Rate Is Collapsing

    10/17/2012 4:35:52 PM PDT · by blam · 115 replies
    TBi ^ | 10-17-2012 | Joe Weisenthal
    Gallup: The Unemployment Rate Is Collapsing Joe WeisenthalOct. 17, 2012, 11:46 AM More evidence that the official 7.8% unemployment rate is not the wild outlier people initially thought. This just in from Gallup: -------- WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup's seasonally adjusted unemployment rate is 7.7%, also down from September. October's adjusted mid-month measure is also more than a percentage point lower than October 2011. These...
  • The Debate Romney Won: Strong moments on key issues

    10/17/2012 10:45:19 AM PDT · by 2ndDivisionVet · 3 replies
    BuzzFeed ^ | October 17, 2012 | McKay Coppins and Zeke Miller
    HEMPSTEAD, N.Y. — Bullish Democrats are calling it a blow-out. Pundits are giving the president the slight edge. And the late-night insta-polls splashed across cable news chyrons initially appeared to give Obama a solid, if not game-changing, win. But the Romney campaign spent the hours after the contest contending that the debate strengthened their position — and they may have a point. A CNN/ORC International poll published late Tuesday identified Obama has the overall winner, 46 percent to 39 percent. But the poll also showed that Romney won on virtually every issue he's chosen to place at the center of...
  • Memo To Michelle: Here's What A 'Huge Recovery' Looks Like

    10/17/2012 5:06:16 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 10/16/2012 | IBD Staff
    Economy: Michelle Obama recently described this recovery as "huge." Maybe she forgot what decade it is. The Reagan recovery in the '80s was huge. But the one her husband's policies have given us? Not so much. A Washington, D.C., hip-hop station host asked Michelle to "in your words, tell us what you think the state of the union is in right now?" Her answer: "I mean, we are seeing right now that we are in the midst of a huge recovery. Right? Because of what this president has done."
  • Labor market is weaker than it looks: Official statistics hide large number of jobless

    10/17/2012 3:21:14 AM PDT · by 2ndDivisionVet · 4 replies
    Market Watch ^ | October 16, 2012 | Irwin Kellner
    If you want to know just how bad the labor market really is, then you need to multiply September’s jobless rate by three. For starters, let’s recall that last month’s reported rate of unemployment was 7.8%. This was 0.3 points lower than in August and the lowest since the beginning of 2009. However, it was still a whopping three percentage points higher than the average rate posted in 2007. In other words, September’s unemployment rate may be better than a poke in the eye with a sharp stick, but it was not greeted with cheers by many households. This is...
  • Obama Campaign Fears Election-Eve Jobs Dip ('Thankfully, most people will have voted by then')

    10/16/2012 12:27:01 PM PDT · by SeekAndFind · 10 replies
    Buzzfeed ^ | 10/16/2012 | Zeke Miller
    View this image › Posted Oct 16, 2012 12:24pm EDT WILLIAMSBURG, Va. — Last week’s jobs report provided President Barack Obama with perhaps the only bit of good news since his disastrous debate against Mitt Romney, but there are suggestions that the figure could wind up having been too much, too soon for Obama.The unexpected decline in the unemployment rate based off the monthly household survey from 8.1 percent to 7.8 percent was a needed boost for Obama at one the worst moments of his political career. The next one is due out at 8:30 a.m. on November 2,...
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 11 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • Believe it – Employment Numbers Were Ginned

    10/15/2012 4:15:44 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | 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...
  • Koch Industries, other CEOs warn employees of layoffs if Obama is reelected (good for them!)

    10/14/2012 3:53:23 PM PDT · by markomalley · 44 replies
    Yahoo! The Ticket ^ | 10/14/12 | Dylan Stableford
    Koch Industries, the Wichita, Kan.-based company run by the billionaire Koch brothers, sent a voter information packet to 45,000 employees of its Georgia Pacific subsidiary earlier this month. In it was a letter, dated Oct. 1, from Koch Industries president Dave Robertson implicitly warning that "many of our more than 50,000 U.S. employees and contractors may suffer the consequences" of voting for President Obama and other Democrats in the 2012 elections, a list of conservative candidates the company's political action committee endorses and a pair of editorials: one, by David Koch, supporting Mitt Romney, and the other, by Charles Koch,...
  • Obama's Real Unemployment Rate Is 14.7%, And A Recession's On The Way

    10/13/2012 5:38:50 AM PDT · by SeekAndFind · 5 replies
    Forbes ^ | 10/13/2012 | Peter Ferrara
    The Bureau of Labor Statistics (BLS) reported last Friday that 114,000 new jobs were created last month, according to its Establishment Survey of business payrolls that has been emphasized by the Obama Administration. That is pitifully weak, especially for what is supposed to be the fourth year of a recovery (the National Bureau of Economic Research scored the recession as officially over in June, 2009). As economist John Lott noted at FoxNews.com on October 5, the working age population grew by 206,000 last month. With two-thirds of those working as would be expected during a normal recovery, 138,000 new jobs...
  • Obama points to progress in the US auto industry following rescue of GM, Chrysler

    10/13/2012 5:08:57 AM PDT · by gotribe · 14 replies
    Washington Post ^ | 10/13/2012 | AP
    President Barack Obama is hailing the rebound of the U.S. auto industry, pointing to progress since his administration rescued General Motors and Chrysler.
  • First Time Claims for Unemployment 10/11/2012

    10/12/2012 7:30:36 AM PDT · by Positive · 7 replies
    So first time claims for Unemployment Insurance dropped by 30,000 last week, as reported yesterday??? Oh, the numbers for "one large State" were omitted??? Oh, the Wall Street Journal reported that State was Kalifornia??? Well if you go to the URL above, you will be taken to the California Employment Development Department "Quick Statistics" chart, scroll down to the Unemployment Insurance (UI) Statistics section. Then click on the "Initial Claims Filed" link. (Im sorry to say I've forgotten how to get the PDF into the body of this thread) I went back 13 years (1999) and added the claims filed...
  • Rep. Issa looking into September jobs report

    10/12/2012 2:15:38 AM PDT · by Mozilla · 16 replies
    World Net Daily ^ | 10/11/12 | Staff
    Fox Business Network reported on Thursday that Rep. Darrell Issa (R-Calif.) plans to hold hearings on the September jobs numbers, which showed the unemployment rate had fallen to 7.8 percent from 8.1 percent.
  • Time to Investigate the BLS

    10/11/2012 4:19:09 PM PDT · by trappedincanuckistan · 10 replies
    American Spectator ^ | 10/10/12 | Peter Ferrara
    How Stupid Do They Think We Are? The BLS reported last Friday that the economy in September created all of 114,000 net new jobs, just 104,000 in the private sector. To give you some context for how great that is, the working age population increased by 206,000 in September. With a labor force participation rate normal for the fourth year of a recovery (where we are right now), just keeping pace with that population growth would require 138,000 new jobs, before we can even start to reduce the unemployment rate. Indeed, since Obama became President, the working age population has...
  • It Looks Like The Huge Drop In Jobless Claims Was All Due To One Mystery State

    10/11/2012 9:26:49 AM PDT · by markomalley · 93 replies
    Business Insider ^ | 10/11/12 | Sam Ro
    Earlier this morning, the Department of Labor reported that initial jobless claims plunged to 339K from 369K a week ago.Economists were looking for a reading of 370k.Immediately, Twitter exploded with tweets mocking Jack Welch, who claimed last week's jobs report was fixed to artificially drop the September unemployment rate to 7.8 percent from 8.1 percent in August.Coincidentally, cryptic messages came through from Bloomberg and the WSJ that raised doubts about today's report. From Bloomberg:
  • We've Gotten To The Bottom Of The Mysterious Jobless Claims Report!

    10/11/2012 10:40:32 AM PDT · by blam · 13 replies
    We've Gotten To The Bottom Of The Mysterious Jobless Claims Report! Henry BlodgetOct. 11, 2012, 12:29 PM RealtyTrac After this morning's surprisingly positive jobless claims number was released, three things happened: 1.Lots of people felt better about the economy 2.Democrats cheered because they thought the number would help Obama 3.Republicans seized on confusing reports that the numbers had "excluded claims from one large state" (probably California) and blasted the number as wrong and misleading. Since then, the argument has raged on, and there have been a variety of different reports and interpretations. Well, we're glad to say that we've finally...
  • It's a Miracle! Initial Jobless Claims Rise to 327k [NSA], But Miraculously Fall to 339k [SA]

    10/11/2012 10:12:42 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/11/2012 | Snakeeyes Econ
    The Bureau of Labor Statistics have another election present for President Obama: initial jobless claims dropped to their lowest point since 2008. Initial jobless claims fell to 339k and an upwardly revised (of course) figure of 369k from the previous week. This nosedive in initial jobless claims is consistent with the BLS’ “Hail Mary!” jobs report released last week where 873k jobs appeared as if President Obama prayed at Lourdes for a miracle. On the other hand, initial jobless claims ROSE by 26k to 327k on a non-seasonally adjusted (NSA) basis. It appears that consumers aren’t buying it. The Bloomberg...
  • 1,100 Illinois inmates got unemployment while in jail last year

    10/11/2012 9:49:12 AM PDT · by Cincinatus' Wife · 11 replies
    Chicago Sun-Times ^ | October 11, 2012
    State officials say they have found more than 1,100 inmates who they believe improperly collected unemployment benefits totaling more than $2 million while jailed in Illinois sometime in about the last year. One Cook County inmate collected almost $43,000, according to the Illinois Department of Employment Security, though most were paid far less. Nearly all of the fraud occurred in mid-2012 from county jails across the state.
  • Which State Distorted Jobless Claims Data

    10/11/2012 9:48:27 AM PDT · by bjc · 14 replies
    Wall Street Journal ^ | 10/11/2012 | Sarah Portlock
    “One omission by one state–you wouldn’t think it would be a big deal, but in this case it drove the number down by 10%,” said analyst Stephen Stanley with Pierpont Securities. Economists are speculating the state could be California, the most populous state in the nation. “It was likely a state with a large population and we suspect that it was California based on the occasional massive swings that have occurred in its claims data in the past,” said Daniel Silver, an economist with JPMorgan, in a note. “In short, this reading is worthless in terms of informing on the...
  • Which State Distorted Jobless Claims Data

    10/11/2012 9:48:17 AM PDT · by bjc · 10 replies
    Wall Street Journal ^ | 10/11/2012 | Sarah Portlock
    “One omission by one state–you wouldn’t think it would be a big deal, but in this case it drove the number down by 10%,” said analyst Stephen Stanley with Pierpont Securities. Economists are speculating the state could be California, the most populous state in the nation. “It was likely a state with a large population and we suspect that it was California based on the occasional massive swings that have occurred in its claims data in the past,” said Daniel Silver, an economist with JPMorgan, in a note. “In short, this reading is worthless in terms of informing on the...
  • Last week's jobs report...Oops "one large state didn't report some quarterly figures."

    10/11/2012 7:52:56 AM PDT · by Beave Meister · 10 replies
    Zerohedge.com ^ | 10/11/2012 | Tyler Durden
    This is just getting stupid. After expectations of a rebound in initial claims from 367K last week (naturally revised higher to 369K), to 370K (with the lowest of all sellside expectations at 355K), the past week mysteriously, yet so very unsurprisingly in the aftermath of the fudged BLS unemployment number, saw claims tumble to a number that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or 339K. Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures." Great, but what was reported was a headline grabbing number...
  • Drop in job openings signals limited U.S. job growth

    10/10/2012 7:14:58 PM PDT · by tobyhill · 3 replies
    washington post ^ | 10/10/2012 | By Alex Kowalski
    Job openings in the U.S. dropped for a second straight month in August, indicating companies are reluctant to beef up payrolls through year-end without faster economic growth. The number of positions waiting to be filled fell by 32,000 to 3.561 million from a revised 3.593 million the prior month that was less than previously estimated, the Labor Department said today in a statement. Hiring increased at the same time firings rose to a three-month high. Companies such as Foot Locker Inc. are facing a weakening global economy and the possibility of automatic tax increases and government cutbacks, helping explain limited...
  • New BLS Data Add to Bad Labor Market Story

    10/11/2012 6:43:45 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 10/11/2012 | Katie Furtick & Anthony Randazzo
    New employment data released Wednesday threw yet another grenade into the explosive controversy following last week's report on September unemployment numbers. The Job Openings and Labor Turnover Survey (or JOLTS) showed that since December 2007 there has been a net loss of 4.67 million jobs. But as scary as that number is, it does not tell us much on its own, any more than single data points like 7.8 percent (official unemployment), 14.7 percent (unemployment including workers who stopped looking for a job), or 114,000 (number of jobs created in September). To understand what these numbers mean and whether employment...
  • Jobless claims drop sharply in latest week

    10/11/2012 5:53:50 AM PDT · by John W · 103 replies
    marketwatch.com ^ | October 11, 2012 | Greg Robb
    WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits fell sharply in the latest week to their lowest level since February 2008, the Labor Department reported Thursday. The number of initial claims in the week ending Oct. 6 fell 30,000 to 339,000. The decline was unexpected.
  • Drop in Openings Signals Limited U.S. Job Growth: Economy

    10/10/2012 4:01:40 PM PDT · by Oldeconomybuyer · 2 replies
    Bloomberg | October 10, 2012 | By Alex Kowalski
    Link Only per FR rules: http://www.bloomberg.com/news/2012-10-10/job-openings-in-u-s-decreased-32-000-in-august-hiring-rose.html
  • Jack Welch: I Was Right About That Strange Jobs Report

    10/10/2012 6:06:28 AM PDT · by Perdogg · 24 replies
    WJS ^ | 10.09.12 | Jack Welch
    Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse. Soviet Russia perhaps? Communist China? Nope, that would be the United States right now, when a person (like me, for instance) suggests that a certain government datum (like the September unemployment rate of 7.8%) doesn't make sense.
  • Obama Flunks Economics 101, Turns Desperate and Dishonest

    10/10/2012 9:35:06 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | October 10, 2012 | Donald Lambro
    WASHINGTON - Finally, a pollster asked voters the one question that matters in this presidential election: Does Barack Obama know how to fix the economy? When the Pew Research Center asked that question in the days following Mitt Romney's strong performance in last week's presidential debate, a majority of the voters answered, no. The central failure of Obama's presidency centers on his demonstrated inability to restore the economy to full health and vigor after trillions of dollars in job stimulus spending that created few jobs but added $5 trillion to the federal debt. Pew put the question to likely voters...
  • 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...
  • ObamaCare transforming America into Part-Timer Nation?

    10/09/2012 9:13:01 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 10/09/2012 | Ed Morrissey
    Under ObamaCare, companies of more than 50 workers who do not provide health-insurance coverage have to pay significant fines, although not nearly as costly as the insurance itself. That alone might have employers bailing out of the health-insurance market, but the Orlando Sentinel reports that at least one company is testing a way to avoid both costs. Employers do not have to provide health-insurance coverage to part-time workers under ObamaCare as long as they work less than 30 hours a week, and one restaurant company has begun experimenting with changing over entire staffs to part-time work to avoid the ObamaCare...
  • 8.1 Percent, 7.8 Percent -- Whatever

    10/09/2012 8:03:51 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | Octber 9, 2012 | Cal Thomas
    To the millions of Americans unable to find work, to college graduates who can't get a job and are living with their parents, to the underemployed who are working at jobs far below their skill set and experience, and to those who have given up looking for work altogether, a 7.8 percent unemployment rate is meaningless. The economy stinks. And try as they might -- and they are trying mightily to rescue a man they sold to voters four years ago as a political messiah -- major media can't seem to transform a failing president into a success. "Fall in...
  • Darden tests limiting worker hours as health-care changes loom (destruction of middle class)

    10/09/2012 7:26:07 AM PDT · by Snuph · 10 replies
    Orlando Sentinel ^ | October 7, 2012 | Sandra Pedicini
    Analysts say many other companies, including the White Castle hamburger chain, are considering employing fewer full-timers because of key features of the Affordable Care Act scheduled to go into effect in 2014. Under that law, large companies must provide affordable health insurance to employees working an average of at least 30 hours per week. If they do not, the companies can face fines of up to $3,000 for each employee who then turns to an exchange — an online marketplace — for insurance.
  • Wake Up Media, the BLS Has Been Fudging Its (Unemployment) Numbers for YEARS

    10/09/2012 5:18:11 AM PDT · by Zakeet · 10 replies
    Zero Hedge ^ | October 9, 2012 | Phoenix Capital Research
    Pop Quiz…How does the US economy add 800K+ jobs during a month in which employment taxes and consumer spending FALL? Answer: magic! Or actually the BLS [Bureau of Labor Statistics] lied... again.It’s truly staggering to see this brazen a lie out in the public. Even by the BLS’s standards (which has been massaging the hell out of its jobs data for years) this latest monthly employment number was a stretch. Of course, no one bothers explaining just how fraudulent the data was, because that would mean questioning the credibility of the BLS. Instead the whole issue becomes one of politics...
  • The Real Unemployment Rate (What would the rate be if people who want a job entered the workforce?)

    10/08/2012 6:47:45 AM PDT · by SeekAndFind · 4 replies
    Fox Business News ^ | 10/08/2012 | Elizabeth MacDonald
    The latest jobs report is out, showing the economy added 114,000 jobs, beating estimates of 113,000. The unemployment rate fell to 7.8%, the Department of Labor reported, due to the addition of 873,000 people who self-identified as employed. That rate was a sharp drop from the 8.1% a month earlier. Those jobs were mostly part-time in nature. Also, the 7.8% jobless rate understates the problem of the underemployed. What would the unemployment rate be if all the people who want a job suddenly re-entered the workforce? Answer: 11.63%. For the math, see below. If the labor force participation rate had...
  • Part-Time Job Working on Yard Swells Employment- LOL

    10/08/2012 6:20:02 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | October 8, 2012 | Morgan Brittany
    I have had enough of being thought of as stupid.  I’m sick and tired of the media, the administration and the spin doctors putting statistics and information out that is so cock-eyed, it is laughable.  It has been going on for a long time but this week the unemployment numbers were so ridiculous I thought I was watching an SNL comedy routine. How in the world do they think that they can get away with something so ludicrous?  If they wanted to manipulate the numbers to make Obama look good, they should have at least lowered the number to 8%...
  • Had Enough of Broken Promises?

    10/08/2012 5:57:26 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 8, 2012 | Terry Paulson
    After watching the first debate, I refuse to believe that American voters will choose an encore for Obama's version of "hope and change." Regardless of his new campaign promises, Romney reminded us of Obama's failed trickle-down-government and his string of broken promises. Here are ten reasons that it's time for a change in Washington. 1. He said, "I am pledging to cut the deficit we inherited by half by the end of my first term in office." Instead the deficit has increased by over $5.3 trillion and keeps on growing! 2. He said, "Transparency and the rule of law will...
  • Fake Jobs Numbers Would Look Better Than This

    10/08/2012 4:53:56 AM PDT · by SeekAndFind · 20 replies
    RCM ^ | 10/08/2012 | Louis Woodhill
    When the Bureau of Labor Statistics reported on Friday that the unemployment rate had fallen to 7.8% in September, some observers wondered if the numbers had been "cooked" for political purposes. They can relax. Fake jobs numbers wouldn't look as bad as these. Two numbers in the BLS report attracted concern: the reported 873,000 increase in total employment, and the 0.3 percentage point reduction in the unemployment rate. These figures suggest a rapidly improving labor market, which would be very convenient for President Obama right now. However, as soon as one delves deeper into the BLS numbers, the reality of...
  • 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
    Barnhardt.biz ^ | 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
    edtalkradio.com ^ | 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...
  • O's Legacy? Unemployment Rate Now Meaningless (Stunning article predicts this many months ago)

    10/07/2012 7:45:17 AM PDT · by C. Edmund Wright · 30 replies
    American Thinker ^ | Dec 5, 2011 | C. Edmund Wright
    Hope and Change apparently means that the Obama administration is counting on so many Americans giving up hope that the administration can now change the entire metric for measuring unemployment. When you analyze the most recent employment statistics, you have to conclude the strategy is working. We all know that Barack Obama's legacy will be that of a wide swath of destruction across the economy and in fact all of American life. And one item you can add to that Obama ash heap will be the trust anyone has in any government statistics -- most notably the official unemployment rate....
  • White House Manipulating the Jobs Data? Unpossible...

    10/07/2012 7:29:59 AM PDT · by Snuph · 24 replies
    Zerohedge ^ | 10/06/2012 | CrownThomas
    ABC is reporting that the White House has told defense contractors to not issue layoff notices until after the election. They even went as far as to offer to pay for any legal fees associated with not giving employees proper notice - pardon, you will pay for any legal fees associated with the administration keeping the unemployment rate artificially low. Two things: 1. Why aren't we hearing more about this from the mainstream media (rhetorical)? 2. Still think the jobs report yesterday was real?
  • Devastating Ad: The Real Jobs Report

    10/07/2012 4:47:03 AM PDT · by BarnacleCenturion · 118 replies
    breitbart.com ^ | 5 Oct 2012 | TONY LEE
    The ad is titled “Dinner Table” and features a recently unemployed father trying to eat dinner with his worried wife and two kids. The only sounds that can be heard are the tinkling of utensils as the family unnervingly pokes at their food. It is a scene that has been played in real life in millions of homes across America during the Great Recession and the so-called recovery. After 23 seconds, the ad, which was created, written, and directed by Jon Kahn, then fades to a black-and-white question on the screen: “12.1 million Americans unemployed. Isn’t it time to try...
  • Obama’s jobs report isn't a conspiracy. But the figures are debatable and the recovery is dubious

    10/07/2012 5:59:50 AM PDT · by Cincinatus' Wife · 20 replies
    Telegraph - UK ^ | October 7, 2012 | Tim Stanley
    ......there are two problems with the administration’s report. First,there’s the question of what figure to use to calculate employment levels because there are two data sets available. One is the establishment survey, which is based on payrolls and puts the jobs gained at 114,000–an unusually low number for this time of year. The second is the household survey, which is based on what people say they are doing at the moment. The household survey puts the jobs gained at 873,000–an unusually high number for this time of year. In fact, the household figure is so high that it’s likely that...
  • Fear of defense cuts could help Romney in Virginia

    10/06/2012 11:51:51 PM PDT · by Cincinatus' Wife · 13 replies
    The Washington Examiner ^ | October 6, 2012 | Brian Hughes
    Mitt Romney's effort to overtake President Obama in the crucial swing state of Virginia may depend on how effective he is at convincing voters he can limit the economic damage from pending defense cuts. The Republican presidential candidate will give a foreign policy address at the Virginia Military Institute on Monday, looking to highlight what he calls President Obama's "taking a meat cleaver to the military." Under a deal between the Obama administration and Congress to raise the nation's borrowing capacity last year, leaders agreed to implement $1.2 trillion in automatic, across-the-board reductions over the next decade if a broader...
  • On jobs numbers, BLS vows there's no conspiracy (The BLS is just plain BS!)

    10/06/2012 10:07:51 PM PDT · by tobyhill · 23 replies
    CBS ^ | 10/7/2012 | LUCY MADISON
    On the heels of a positive September jobs report, which showed a 0.3 percentage point drop in the national unemployment rate, prominent conservative Jack Welch and some others on the right are questioning the source of the numbers, suggesting on Twitter that the Obama team had in some way manipulated the data to their advantage. "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," wrote Welch, the former chairman and CEO of General Electric, shortly after the September jobs report was released. Conservative radio host Laura Ingraham piled on in a Twitter message of her own: "Jobs...