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Started By
Message
Unemployment down to 7.8%
Posted on 10/5/12 at 7:33 am
Posted on 10/5/12 at 7:33 am
Very convenient for the president.
Especially when only 114k jobs were added. I might be buying into the BLS being rigged.
This makes unemployment .1% lower than when he took office.
ETA: U6 remained unchanged.
Especially when only 114k jobs were added. I might be buying into the BLS being rigged.
This makes unemployment .1% lower than when he took office.
ETA: U6 remained unchanged.
This post was edited on 10/5/12 at 7:34 am
Posted on 10/5/12 at 7:50 am to TheHiddenFlask
the unemployment rate is a complete joke and fabrication. I do not see how anyone can take that rate seriously.
Posted on 10/5/12 at 8:01 am to TheHiddenFlask
quote:
Very convenient for the president.
Yup.
AP says that July and August were revised upwards, and also this:
quote:
Still, many of the jobs added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million.
Somehow, I just don't feel like we are all better off.
AP Story
Posted on 10/5/12 at 8:10 am to TheHiddenFlask
BLS = Soviet ministry spouting the regime's propaganda...
Posted on 10/5/12 at 8:30 am to TheHiddenFlask
The two month revised figures are pretty good, but as was said I wouldn't put too much stock in NFP anymore. Post '08, the seasonal adjustments are very construed and the birth/death adjustment is beyond a joke. Also, as was said this was entirely part-time jobs.
Posted on 10/5/12 at 1:51 pm to TheHiddenFlask
I mean, how many months have they consistently revised the numbers upward? It will probably be around 8.2 once they do I suspect.
Posted on 10/6/12 at 7:43 am to TheHiddenFlask
nothing short of fabrication and election manipulation. All the jobs were public "servants" too - government which adds nothing back to the economy.
Real unemployment is closer to 20 -23%. Ask all the under 28 years olds with college degrees that cannot find a job - 55% are unemployed with huge student loan debts. Nothing short of moden day endured servants.
Real unemployment is closer to 20 -23%. Ask all the under 28 years olds with college degrees that cannot find a job - 55% are unemployed with huge student loan debts. Nothing short of moden day endured servants.
Posted on 10/6/12 at 6:35 pm to TheHiddenFlask
They manipulate the inflation numbers so why not.
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