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:
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.
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.
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.
In trying to assess the the killing of Trayvon Martin by George Zimmerman, two seemingly conflicted truths emerge for me. The first is that based on the case presented by the state, and based on Florida law, George Zimmerman should not have been convicted of second degree murder or manslaughter. The second is that the killing of Trayvon Martin is a profound injustice. In examining the first conclusion, I think it´s important to take a very hard look at the qualifications allowed for aggressors by Florida´s self-defense statute: Use of force by aggressor.
Sometimes when you’re writing part of a column you keep getting close to the meaning of what you want to say but you don’t quite get there, the full formulation of the idea eludes you. Then two days later, relaxing in conversation with friends, the thought comes to you whole, and you think: That’s what I meant to say. That’s what I was trying to get. This week I had one of those moments.
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.
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.
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.
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.
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
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.
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.
During the Great Depression, some 1.3 million Americans—epitomized by the Joad family in John Steinbeck´s "The Grapes of Wrath"—flocked to California from the heartland. To keep out the so-called Okies, the state enacted a law barring indigent migrants (the law was later declared unconstitutional). Los Angeles even set up a border patrol on the city limits. Soon the state may need to build a fence to keep latter-day Joads from leaving. Over the past two decades, a net 3.4 million people have moved out of California for other states.
Shia LaBeouf abruptly exited his Broadway debut, “Orphans,” following apparent disagreements with his hot-tempered co-star Alec Baldwin that made them “incompatible.” Producers announced that LaBeouf parted ways with the show after just a week of rehearsals due to “creative differences,” even though the play’s scheduled to begin previews March 19. But last night LaBeouf, 26, posted e-mail exchanges on Twitter revealing divisions between him and bombastic Baldwin.
Wisconsin is known for many things, such as our friendly disposition, impeccable beer and cheeses and, of course, our Green Bay Packers. Since I´ve taken office, we´ve gained national recognition for the proven results of our fiscal and economic reforms. We took a principled stand, confronted our shortcomings and transformed them into real solutions. We´re turning things around and heading in the right direction. Unfortunately, the national outlook isn´t as bright. With growing debt and deficit without a clear solution, the problems we face as a nation are daunting.
While media mogul Oprah Winfrey has been promoting her new film, “Lee Daniels’ The Butler,” she revealed she was a recent victim of profiling while shopping in a store in Zurich.(Snip)“I was in Zurich the other day at a store, whose name I will not mention,” Winfrey said on “Entertainment Tonight,” “and I didn’t have my eyelashes on, but I was in full Oprah Winfrey gear…but obviously, ‘The Oprah Winfrey Show’ is not shown in Zurich. So this doesn’t happen to me unless somebody obviously doesn’t know that it’s me.” Winfrey went on to explain that she was in Zurich for Tina Turner’s wedding,
Nobody tells Oprah she can´t afford a handbag. Oprah Winfrey is one of the richest entertainers in the world, thanks to her willdly successful 25-season run on "The Oprah Winfrey Show" and her latest media foray with the newly revitalized Oprah Winfrey Network (OWN). The entertainer earned an estimated $77 million from June 2012 to June 2013 alone, according to Forbes, but she says she still experiences racism because she is African American. Take this latest incident in Switzerland, where "The Butler" star went to attend the nuptials of good friend and singer Tina Turner last month.
During his Wednesday appearance on Jay Leno´s "Tonight Show,´ President Obama made three factual gaffes; one of them involved the claim that cities not found along the Gulf of Mexico are. Were Obama a Republican, these gaffes would have led news coverage for the next forty-eight hours. Not only did most of the media ignore or downplay these gaffes; the Associated Press went so far as to cover one of them up. In its coverage Thursday, rather than point out the president´s geographical error, the wire service made it look as though no error was made.
The Washington Post is a legend in the minds of the Washington elite, so its financial decline has caused quiet panic. As NPR media reporter David Folkenflik put it, “You think of stories like the Pentagon Papers, Watergate, these are all stories where The Washington Post led the nation’s understanding, the world’s understanding of some major issues.” Outside the liberal media, you wonder how long Post fans can wallow in their Nixon-crumbling polyester “glory days” in the early 1970s. But nostalgia ruled as the Graham family sold the Post to Jeff Bezos, the billionaire founder of Amazon.com.
At a White House press conference Friday afternoon, President Obama said that health insurance plans offered under Obamacare will be "significantly cheaper" than plans currently on the market, but a string of recent reports say that isn´t true. "What happens on October 1, in 53 days, is for the remaining 15 percent of the population that doesn´t have health insurance, they´re going to be able to go on a website or call up a call center and sign up for affordable, quality health insurance at a significantly cheaper rate than what they can get right now on
During a press conference yesterday, President Obama revealed the existence of a sealed indictment in the Benghazi attacks in Libya on September 11, 2012, leaving some experts questioning whether the president broke the law. Federal law states that ´no person may disclose [a sealed] indictment´s existence,´ and that doing so may be ´punished as a contempt of court,´ a charge that carries a minimum sentence of six months prison. The announcement came as a surprise to some insiders, as the existence of a sealed indictment has not been publicly confirmed or denied by law enforcement or
During an hour-long deep dive into the growing use of food stamps in America, Fox News highlighted “the new face of food stamps.” That new face is a pina colada-sipping, lobster-loving lothario named Jason Greenslate. Greenslate, a 29-year-old La Jolla California surfer and musician who sings that he does not want a “motherfucking job” and has “fuck no” guilt about living on $200 of what he calls “free money ” — or what the government called Supplemental Nutrition Assistance Benefits — while he avoids a job to hang out on the beach, sing and chase women.
Eydie Gorme, a popular nightclub and television singer as a solo act and as a team with her husband, Steve Lawrence, has died. She was 84. Gorme, who also had a huge solo hit in 1963 with "Blame it on the Bossa Nova," died Saturday at Sunrise Hospital in Las Vegas following a brief, undisclosed illness, said her publicist, Howard Bragman. Gorme was a successful band singer and nightclub entertainer when she was invited to join the cast of Steve Allen´s local New York television show in 1953. She sang solos and also did duets and comedy skits with Lawrence, a rising young singer who had joined
Ames, Iowa — Donald Trump delivered a blistering attack on Mitt Romney’s campaign today. “I don’t know what the hell happened with his campaign,” Trump said in a speech at The Family Leader Summit. “I just don’t get it. That was an election that couldn’t have been lost.” “Every single state that they asked me to go or do some phone calls or some television, we won in the primaries,” Trump remarked. But he also criticized what the campaign had initially wanted him to say in robocalls. “They gave me this most pathetic thing to say. I said,
President Barack Obama announced Friday afternoon that the White House will publicly release a summary of the legal authorities through which the National Security Agency conducts its controversial surveillance programs. ´Given the history of abuse by governments,´ he said, it is important to explain how such a program is managed, and - equally important - what it may not do. He described his working relationship with Vladimir Putin as ´candid´ and ´blunt,´ and seemed to dismiss concerns that the Russian president´s body language indicated a lack of willingness to work with the United States.
EDGARTOWN, Mass. — President Barack Obama opened the first summer vacation of his second term Saturday on Martha’s Vineyard, trading Washington debates over the budget, government surveillance and his health care overhaul for a hoped-for carefree week filled with golf, beach outings and hanging-out time with family and friends. (Snip) As Air Force One flew north, Obama got into a vacation mindset by trading his suit and tie for more suitable attire: khakis and a blue shirt with rolled-up sleeves. First lady Michelle Obama, who introduced him at the convention, kept her yellow-and-white
OHIO: Muslims across the US celebrated Eid on the same day to everyone’s joy and relief. Mosques overflowed with happy worshippers who stood as one ummah in prayer and thanksgiving, enjoying the mild weather, treats and spiritually motivating sermons of the day. US President Barack Obama and First Lady Michelle also sent their warmest greetings to Muslims celebrating Eid Al-Fitr around the world, calling it "part of a great tapestry of America´s many traditions."