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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

      


Post Reply  

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.

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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.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: lakerman1, 10/5/2012 11:22:52 AM     (No. 8911893)

It's a festivus miracle!

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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."

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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.

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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.

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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."

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Reply 8 - Posted by: Boneshaker, 10/5/2012 11:44:07 AM     (No. 8911963)

The Obamasiah truly is a worker of miracles.
.

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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.

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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.

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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.

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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.

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B-G1


 
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.

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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?

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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!

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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.

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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.

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R_DBL_B
  


 
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.

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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

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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.

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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?

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