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re: Unemployment down to 7.8%
Posted on 10/5/12 at 3:56 pm to BennyAndTheInkJets
Posted on 10/5/12 at 3:56 pm to BennyAndTheInkJets
quote:
The Labor Department, based on a broad survey of employers, said 114,000 jobs were added in September.
But the unemployment rate itself is based on a separate "household survey," which showed a whopping 873,000 new jobs in September.
"This must be an anomaly," former Congressional Budget Office director Doug Holtz-Eakin said in a snap analysis of the numbers. "It is out of line with any of the other data.."
Unemployment Report
Posted on 10/6/12 at 4:29 pm to blueridgeTiger
quote:
blueridgeTiger
Not a fabrication if you delve into it, many in these surveys are trying to get another part-time job for the holidays. Its in line with seasonal patterns but it was a big jump. Also that report is obviously so angled its ridiculous.
quote:
Republicans kept hammering Obama on the high unemployment rate and now that it is slightly in his favor, he is going to try to use it in his favor.
The unforunate irony is that politicians talk about it because the general public pays attention to it. It really wouldn't have mattered who the president was the past 4 years, I doubt the unemployment rate would have deviated +/- 0.5%. Its a long-term structural unemployment problem that politicans keep making short-term reactive fixes to in order to get re-elected by a short-term thinking, easily impressionable public. This goes for both parties.
This post was edited on 10/6/12 at 4:34 pm
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