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Drop in unemployment
may be misleading

MarketWatch, by Jeffry Bartash

Original Article

Posted By:NorthernDog, 10/5/2012 3:21:10 PM

WASHINGTON — Say what? Did the U.S. unemployment rate really sink in September despite a mediocre increase in hiring? It sure did, but the report takes some explaining. Sit up and grab a cup of coffee. The monthly employment release is really two reports in one. First, there is the “establishment” survey. (Snip) That’s the so-called household survey. Assuming no change in the size of the labor force, the unemployment rate falls when more people in households say they have a job. The rate rises when fewer people do. In September, the household survey showed a whopping 873,000 increase

Comments:
May be? 800,000 people magically found jobs as the GDP is steadily falling?

  

Post Reply  

Reply 1 - Posted by: BaseballFan, 10/5/2012 3:25:40 PM     (No. 8912555)

"may be" ?

Yes, and cancer "may be" bad for your health.


Reply 2 - Posted by: Hotrod, 10/5/2012 3:27:38 PM     (No. 8912560)

The rate drops below the mystical 8%, with no evident reason for doing so (other than politics) and we are supposed to believe it? I'm sure it will be corrected later, like other labor statistics, but not until after tjhe election.


   

 

  


 
Reply 3 - Posted by: beca, 10/5/2012 3:33:37 PM     (No. 8912580)

it is bs and we all know it


Reply 4 - Posted by: lydwho, 10/5/2012 3:35:35 PM     (No. 8912584)

Don't forget, Obama is from Chicago!!!!

Don't believe anything comming from him!!!

Art


Reply 5 - Posted by: mindyourbubble, 10/5/2012 3:37:46 PM     (No. 8912589)

Figures don't lie but liars can figure.
Talk about using a different kind of input as an indendent value in order to get a dependent value calling it the same name as a different result normally used.
i.e. I went 240 mpg with my car. I drove 20miles using a gallon then had a wreck,and a tow truck took me the other 220miles.
Yea sure...


Reply 6 - Posted by: strike3, 10/5/2012 4:03:15 PM     (No. 8912648)

Unemployed students returning to school? That has to be a huge number. Fewer people in the household, bigger percentage working. Temporary cafeteria/maintenance help going back to work at public schools?

Not to discount democrat cheating, of course.


Reply 7 - Posted by: BaseballFan, 10/5/2012 4:04:06 PM     (No. 8912649)

Developing story: BLS economists are Obama donors.


   

 

  


 
Reply 8 - Posted by: bobgray2, 10/5/2012 4:05:38 PM     (No. 8912653)

That 875,000 is extrapolated from a survey of 50,000 households. You have to ask just how random was that survey. Suppose your survey was heavily weighted with healthcare professionals. Not too difficult to arrange.


Reply 9 - Posted by: DARling, 10/5/2012 4:27:27 PM     (No. 8912692)

The SEIU gave out ten bucks a pop to report that you got a job last month. //s


Reply 10 - Posted by: bob913, 10/5/2012 4:56:52 PM     (No. 8912789)

Misleading? No Kidding!!!
Outright lies that even the corrupt news media is having trouble with.


Reply 11 - Posted by: Tall Oak, 10/5/2012 5:22:43 PM     (No. 8912839)

They were the people that zero paid to show up at his rallies.


Reply 12 - Posted by: TXknitter, 10/5/2012 6:40:36 PM     (No. 8912935)

The corruption throughout the U.S. Government is simply staggering. STAGGERING.


   

 



 
Reply 13 - Posted by: 6079 Smith, W, 10/5/2012 10:13:27 PM     (No. 8913239)

And the temperature is 72 degrees everywhere!


Reply 14 - Posted by: distorted, 10/5/2012 10:34:35 PM     (No. 8913274)

As it has been explained, the percentage in question is compounded from two surveys. The first are relative hard figures from reports of businesses and government entities for new hires. That is the one of the last month which showed 114,000, a poor number. The other figure used is a telephone survey by Labor Dept. employees of ~60000 interviewees who are counted if they are marked reportedly starting their own business or a part-time job, then those numbers are extrapolated into the final number, which have error shadows on the graph of 50%, Or a possible 400,000 this time.

What are the chances that the Labor Dept. telephone employees in the back room know this are the critical unemployment numbers in the campaign and fudge their reports in favor of their guy's interests? What are the chances of finding one Romney favoring clerk in the Labor Dept.? Is there any real check against that?


Reply 15 - Posted by: ColonialAmerican1623, 10/6/2012 12:34:34 AM     (No. 8913411)

Could we poll the employees in the LD ?

Are they counting part timers hired for Christmas stocking ?

We want a recount by an independent firm.



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