|
|
| |
Topic: Fuzzy Math?: CNBC Describes New Unemployment Numbers as 'Contradictory' |
Fuzzy Math?: CNBC Describes New Unemployment Numbers as 'Contradictory'
Breitbart Big Government, by John Nolte
|
|
Original Article
|
|
Posted By:afortiori, 10/5/2012 11:15:25 AM
|
| As soon as ex-General Electric CEO Jack Welch fired off a tweet questioning today's just released "unbelievable jobs numbers," the media went into a frenzy talking about how "conservatives" were launching conspiracy theories. Well, that's handy for the media and the Obama campaign, but it's not just "conservatives" who are confused by a full 0.3% drop in unemployment when only 114k jobs were created. CNBC is as confused as the rest of us: Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent
|
Comments: I would post the CNBC report, but John does great job of highlighting fishiness of this months reports. For your reference, here is graph of how the gaps between U-3, U-6, and SGS unemployment ballooned during last 4 yrs:
http://www.shadowstats.com/alternate_data/unemployment-charts
|
Reply 1 - Posted by:
formerNYer, 10/5/2012 11:21:49 AM (No. 8911891)
As i wrote earlier: These number are fishy 114,000 jobs added lowers the unemployment rate by .3%? that's every 38,000 jobs lowers the rate by .1%? That would me that 2.1 million jobs would give us an rate of 0%. Maybe my math is in error.
|
Reply 2 - Posted by:
jimK1, 10/5/2012 11:22:16 AM (No. 8911892)
Linda Solis is saying that the numbers are accurate, that her office would NEVER do anything to fudge them. Ah, Linda, I have this little bridge that's for sale if you're interested.
|
| |
|
Reply 3 - Posted by:
lakerman1, 10/5/2012 11:22:52 AM (No. 8911893)
It's a festivus miracle!
|
Reply 4 - Posted by:
fljack, 10/5/2012 11:25:12 AM (No. 8911900)
"Figures don't lie, but, liars figure."
"There are lies, d@#$%ed lies and statistics."
|
Reply 5 - Posted by:
BaseballFan, 10/5/2012 11:36:05 AM (No. 8911936)
Contradictory is not the word I'd use. Bovine excrement is far more appropriate.
|
Reply 6 - Posted by:
Heraclitus, 10/5/2012 11:37:17 AM (No. 8911941)
unemployment rate has gone up here in NH and in MA in last months.
Then, there's the economic growth rate, slower last month , last month slower than the previous, etc, etc.
Just ran into other room to change channel on tv before BO started his speech in VA.
Hold on to your hats, everybody. And get your ani-nausea meds at the ready. The ride is going to be nastier than anything we have ever seen.
|
Reply 7 - Posted by:
Black Knight, 10/5/2012 11:38:24 AM (No. 8911946)
If 114,000 new jobs dropped unemployment from 8.1% to 7.8%, 3 million more jobs would produce ZERO UNEMPLOYMENT.
Obama continues to cook the books on a ludicrous scale.
He thinks Americans are dumb enough to believe 860,000 people magically started working home businesses overnight the day after his DEBATE FAILURE?
Remember your heritage: "My Momma didn't raise no fool."
|
| |
|
Reply 8 - Posted by:
Boneshaker, 10/5/2012 11:44:07 AM (No. 8911963)
The Obamasiah truly is a worker of miracles. .
|
Reply 9 - Posted by:
Mass Minority, 10/5/2012 11:45:01 AM (No. 8911965)
I may have been born at night, but it wasn't last night.
|
Reply 10 - Posted by:
southron, 10/5/2012 11:46:02 AM (No. 8911972)
What scares me is that so many voting age Americans are fooled by these doctored numbers - but we can't give literacy tests, that's racist.
|
Reply 11 - Posted by:
BcdErick, 10/5/2012 11:52:21 AM (No. 8911987)
This Axelrod's "October surprise" #1. And it is only 10/5/12. Surely there are more to come. We' will see how dumb people are. You have to be a fool to take this seriously.
|
Reply 12 - Posted by:
hot coffee, 10/5/2012 12:00:36 PM (No. 8912014)
This really isn't that hard to understand, folks.
The Sept '12 U3 unemployment rate of 7.8% is the same as it was in Jan '09 when Bam Bam was coronated.
Unfortuantely, there are a lot more people today who've given up looking for work compared with back then, and a lot more people with part-time/low-pay jobs today who had higher paying full-time jobs back then.
Reduce the denominator, increase the numerator.
This is how U3 drops 0.3% but the U6 % doesn't change (and actually the number U6 is based on went slightly up). Simple math.
|
| |
|
Reply 13 - Posted by:
CaptainLibra, 10/5/2012 12:02:27 PM (No. 8912019)
It all depends on what number is placed in the denominator.
|
Reply 14 - Posted by:
kens, 10/5/2012 12:03:23 PM (No. 8912021)
What's next from this corrupt government? The oceans are starting to heal?
|
Reply 15 - Posted by:
john56, 10/5/2012 12:10:24 PM (No. 8912041)
114K new jobs.
860,000 people LEFT the labor force.
Some stinkin' recovery.
heck, if we all quit, we'll have full employment!
|
Reply 16 - Posted by:
KingBubo, 10/5/2012 12:12:08 PM (No. 8912043)
I am happy for the 114k who found jobs. I am suspicious of the numbers and those who dropped out of the force.
|
Reply 17 - Posted by:
Udanja99, 10/5/2012 12:13:08 PM (No. 8912046)
Who didn't see this coming 2 years ago? The leftists are nothing if not predictable.
|
| |
|
Reply 18 - Posted by:
loyalreader, 10/5/2012 12:23:38 PM (No. 8912082)
I didn't major in math but the unemployment numbers released by the feds this morning are somewhat difficult to understand. If the 114,000 jobs added in September is correct and the rate in August was 8.1%, I cannot calculate the 7.8% given today.
If 114,000 jobs lowers the unemployment rate by .3%, then every 38,000 jobs lowers the rate by .1% as Number 1 stated. Do the math and the result would be that 2.9 million jobs added would give us a rate of 0% unemployment.
Today, according to the Bureau of Labor Statistics, there are 47 million people drawing unemployment. (look it up, I just did). If we reduced that by 2.9 million, Obama wants us to believe that 44.1 million people out of work is 0% unemployment.
I do hope that others see that something is wrong with these numbers, especially after Obama's debate performance.
|
Reply 19 - Posted by:
JimS, 10/5/2012 12:38:37 PM (No. 8912125)
114,000 jobs/0.3% = 38,000,000
Meaning, if addition of 114,000 jobs decreases unemployment by 0.3%, then the total employed must be 38-million.
Unfortunately, the BLS says there are 47-million people working.
So what happened to the other 9-million?
And I seem to recall that last month we only added 230,000 (which is clearly more than the current 114,000), and unemployment WENT UP by 0.1%.
THESE NUMBERS ARE BOGUS
|
Reply 20 - Posted by:
janjan, 10/5/2012 12:56:23 PM (No. 8912174)
Rush predicted this months ago. It is no surprise that they found a way to cook the numbers.
|
Reply 21 - Posted by:
veritas, 10/5/2012 3:46:50 PM (No. 8912609)
Uhh, friends? Obama and Solis don't know what "denominator" means.
Though Je$$e Jack$on might guess it means the person who nominated Obama for President.
Old story [short version] -- three people applied for a job. There was one question -- "How much is two plus two?" The lawyer answered, "How much do you want it to be"? He got the job.
And what is Obama's field supposed to be?
|
Below, you will find ...
Most Recent Articles posted by "afortiori"
and
Most Active Articles (last 48 hours)
|
Most Recent Articles posted by "afortiori"
|
Where Obama Went Wrong In The Gun Control Fight
|
|
BuzzFeed, by Evan McMorris-Santoro & Ruby Cramer
Original Article
|
|
Posted By: afortiori- 4/20/2013 6:03:36 PM
Post Reply
|
|
In one of the toughest defeats of President Obama´s political career, the Senate this week sank a piece of gun control legislation that the White House had been laboring over for months. As the post-mortems of the loss begin, some have questioned if gun control got bogged down with the president´s ongoing struggle to effectively operate the levers of power in Washington. Culprits for the bill´s demise are plenty — from gutless Senate moderates, to inflexible pro-gun conservatives, to a brazen gun lobby that waged an aggressive, and sometimes misleading, campaign to defeat the legislation.
|
|
Let Not Your Heart Be Troubled
|
|
RedState.com, by Erick Erickson
Original Article
|
|
Posted By: afortiori- 4/20/2013 11:26:22 AM
Post Reply
|
|
I remember it so clearly — a memory you can only remember so clearly when it is from sadness. You can’t let it go. I was sitting in the mud by the rear passenger side tire of my old Acura cradling my one year old in the steady, driving rain. I was sobbing doing my best not to fall apart in front of my little girl. But the tears ran. My throat hurt as I tried to suppress the guttural cries I wanted to cry there in the mud.
|
With background check proposal, Toomey’s not just firing off the cuff
|
|
Tribune-Review [Pittsburgh PA], by Eric Heyl
Original Article
|
|
Posted By: afortiori- 4/15/2013 9:41:37 AM
Post Reply
|
|
Pat Toomey obviously isn´t flummoxed by basic arithmetic. The Republican Pennsylvania senator is proving that as he and Sen. Joe Manchin, D-W.Va., attempt to modestly modify requirements for criminal background checks on gun purchases. The two senators, both gun-rights advocates, are pushing legislation that would require such checks for all gun show and Internet sales. Toomey is being labeled a Judas in conservative circles for backing what is being described incorrectly as a gun control bill. It is not.
|
Why I Didn´t Write About Gosnell´s Trial-- And Why I Should Have
|
|
Daily Beast, by Megan McArdle
Original Article
|
|
Posted By: afortiori- 4/13/2013 10:45:59 AM
Post Reply
|
|
Kermit Gosnell, a Pennsylvania abortion doctor, is on trial for a lurid series of lurid crimes at his clinic. I can´t bring myself to describe them, so I´ll let Kirsten Powers do it. Infant beheadings. Severed baby feet in jars. A child screaming after it was delivered alive during an abortion procedure. Haven´t heard about these sickening accusations? It´s not your fault. Since the murder trial of Pennsylvania abortion doctor Kermit Gosnell began March 18, there has been precious little coverage of the case that should be on every news show and front page.
|
Justice Thomas talks at Duquesne University, offers surprises about life journey
|
|
Tribune-Review [Pittsburgh PA], by Debra Erdley
Original Article
|
|
Posted By: afortiori- 4/10/2013 9:53:28 AM
Post Reply
|
|
Supreme Court Justice Clarence Thomas, famous as the jurist who kept silent on the bench for seven years, has a lot to say. Thomas, on the court since 1991, visited Duquesne University on Tuesday afternoon and talked freely with law school Dean Ken Gormley and 3rd U.S. Circuit Court of Appeals Judge Thomas Hardiman (snip) Thomas, 64, known as one of the court´s most conservative justices, surprised some when he spoke of his sentiments as a young lawyer who voted for Hubert Humphrey and George McGovern
|
Ancient Chinese general’s strategies should guide U.S. in dealing with N. Korea
|
|
Tribune-Review [Pittsburgh PA], by Lou Kilzer
Original Article
|
|
Posted By: afortiori- 4/10/2013 9:45:11 AM
Post Reply
|
|
Five centuries before Christ, Sun Tzu wrote “The Art of War,” which teaches enduring principles of combat: Position troops so the enemy must face the sun. If an enemy leaves a door open, rush through. If outnumbered, retreat. The book by the ancient Chinese general and military strategist is well-known among those in the military and in the business world. Its underlying theme was the axiom, “All warfare is based on deception.” It is through this lens that Americans and others must view the situation with young North Korean leader Kim Jong-un.
|
Obama adviser: President doesn’t seek ‘softball’ interviews
|
|
Washington Examiner, by Brian Hughes
Original Article
|
|
Posted By: afortiori- 4/3/2013 2:01:04 PM
Post Reply
|
|
President Obama has built a reputation for going around the traditional White House press corps in favor of so-called soft media, taking his message to “The View”, ESPN and friendly local radio, among other general-entertainment outlets. Who can forget these hard-hitting questions Obama was asked by a New Mexico radio station last August: “What’s your favorite song to work out to?” “If you had a superpower, what would it be?” But senior Obama adviser Dan Pfeiffer scoffed at the suggestion that the White House is deliberately avoiding tough questions.
|
Most Active Articles (last 48 hours)
|
Anthony Weiner announces NYC mayor run
|
|
Politico, by Kevin Robillard
Original Article
|
|
Posted By: Scottyboy- 5/22/2013 6:06:40 AM
Post Reply
|
|
Former Rep. Anthony Weiner, whose career in public life came to an abrupt end when he sent lewd pictures to a college student on Twitter, jumped back into politics on Wednesday by announcing a bid for mayor of New York City. “Look, I’ve made some big mistakes and I know I’ve let a lot of people down,” the Democrat said in a 2-minute video announcing his bid. “But I’ve also learned some tough lessons. I’m running for mayor because I’ve been fighting for the middle class and those struggling to make it for my entire life.
|
A Crack in the IRS Dam
|
|
Power Line, by John Hinderaker
Original Article
|
|
Posted By: Dreadnought- 5/21/2013 10:50:44 PM
Post Reply
|
|
The dam protecting the IRS scandal began to crack today when Lois Lerner, the IRS official who announced, and apologized for, the improper singling out of conservative-leaning organizations by IRS employees under her command, announced through her criminal defense lawyer that she will not testify as scheduled tomorrow before the House Oversight Committee. Rather, she will assert her Fifth Amendment right against self-incrimination. This marks an enormous milestone in the IRS investigation. It can now be taken as more or less established that crimes were committed by Obama administration employees. Lerner’s lawyer tried to minimize the significance
|
Man questioned in Boston Marathon bombing shot, killed by FBI
|
|
WCBV-TV [Boston], by Staff
Original Article
|
|
Posted By: earlybird- 5/22/2013 7:21:44 AM
Post Reply
|
|
One of two men allegedly being questioned in connection with the Boston Marathon bombings was shot and killed by an FBI agent in Florida on Tuesday, (Snip)A friend of Ibragim Todashev said he and Todashev were being investigated as part of the Boston bombings. He said Todashev, 27, knew bombing suspect Tamerlan Tsarnaev because both were MMA fighters. The man claims he and Todashev were interviewed by the FBI for nearly three hours on Tuesday. The friend said he left the interview, and when he came back to the apartment he found that there had been a shooting.
|
Top IRS official will invoke Fifth Amendment
|
|
Los Angeles Times, by Richard Simon and Joseph Tanfani
Original Article
|
|
Posted By: Scottyboy- 5/21/2013 3:53:35 PM
Post Reply
|
|
WASHINGTON – A top IRS official in the division that reviews nonprofit groups will invoke the Fifth Amendment and refuse to answer questions before a House committee investigating the agency’s improper screening of conservative nonprofit groups. Lois Lerner, the head of the exempt organizations division of the IRS, won’t answer questions about what she knew about the improper screening – or why she didn’t reveal it to Congress, according to a letter from her defense lawyer, William W. Taylor 3rd. Lerner was scheduled to appear before the House Oversight committee Wednesday.
|
Darrell Issa: Lois Lerner lost her rights
|
|
Politico, by Rachel Bade
Original Article
|
|
Posted By: JoniTx- 5/22/2013 3:34:05 PM
Post Reply
|
|
House Oversight and Government Reform Committee Chairman Darrell Issa said embattled IRS official Lois Lerner waived her Fifth Amendment rights and will be hauled back to appear before his panel again. The California Republican said Lerner’s Fifth Amendment right to avoid self-incrimination was voided when she gave an opening statement this morning denying any wrongdoing and professing pride in her government service. “When I asked her her questions from the very beginning, I did so so she could assert her rights prior to any statement,” Issa told POLITICO. “She chose not to do so — so she waived.”
|
Howard Dean: ‘Benghazi is a Laughable Joke’
|
|
National Review Online, by Andrew Johnson
Original Article
|
|
Posted By: KarenJ1- 5/21/2013 11:59:15 AM
Post Reply
|
|
Former Democratic National committee chairman Howard Dean considers the controversy over Benghazi a “joke” and “silly.” “Benghazi is a laughable joke,” Dean proclaimed twice in a discussion with Republican National Committee communications chairman Sean Spicer last week. “With all due respect, governor, when four Americans die serving this country, that’s not a joke, sir,” Spicer responded. “Oh, stop it,” said Dean. The former Democratic presidential candidate also said that there were “no serious questions being asked about Benghazi” and brushed it off as an effort by Republicans to score political points.
|
All of Obama´s Scandals Are Ultimately About Information Control
|
|
National Review Online, by Jim Geraghty
Original Article
|
|
Posted By: Dreadnought- 5/21/2013 9:26:54 PM
Post Reply
|
|
There’s really no reason for the press to suggest that the recent slew of scandals involving the Obama administration — Benghazi, the AP phone-record seizure, the snooping in James Rosen’s e-mail, the IRS’s targeting of conservative groups, and so on — are a confusing jumble. There is a very clear thread running through all of the administration’s actions: The U.S. deputy chief of mission in Libya, Gregory Hicks, says that he was told not to speak to a member of Congress about Benghazi without a State Department lawyer present, that he received a phone call from Hillary Clinton’s
|
|
|

Home Page | Latest Posts | Links | Must Reads | Update Profile | Register | Rules & FAQs | Search | Post | Contact | RSS | Contribute | Logout | Forgot Password
© 2013 Lucianne.com Media Inc.
~~~c~~~
|