Quantcast

Unemployment drops below 8 percent? Really?

Temlakos~POTL~PWCM~JLA~☆ 2012/10/09 02:27:08
Bogus! That statistic assumes over a million "unpersons."
Nothing to see here. Move on.
You're asking me?
You!
Add Photos & Videos
Rush Limbaugh just happened to predict that the BLS would release just such a promising statistic.

And New Jersey's Dwight Kehoe presents ten inconvenient facts (inconvenient because we know them) that totally destroy the credibility of the Bureau of Labor Statistics. Hel-lo-ooo? This is the Obama administration, need I remind you?

The key fact among the ten: over a million people have given up trying to find work. It is not there to be found. And the citizens are under no obligation to demonstrate futility to the Bureau of Labor Statistics.

And then: turns out that the government has hired 600,000 more people. So that's why the government needs to expand its workforce: because absent that, those people would be out of work!

Bottom line: that statistic is bogus.

Read More: http://www.conservativenewsandviews.com/2012/10/08...

Add a comment above

Top Opinion

  • Rodney 2012/10/09 06:21:36
    Bogus! That statistic assumes over a million "unpersons."
    Rodney
    +9
    Here's a couple they missed. The number of People of working age who are participating in the Labor Market only changed 1/10 of 1%, yet the unemployment changed 3/10ths of 1%? The U-6 Unemployment didn't change at all? They did a lousy job of covering their tracks.

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • ☆stillthe12c☆ 2012/10/17 01:06:22
    Bogus! That statistic assumes over a million "unpersons."
    ☆stillthe12c☆
    +1
    This nothing new and it has been done before that numbers get scud. They do not count people that drop out do to either given-up finding a job or their unemployment runs out.
  • RageFury 2012/10/16 18:16:10
    Nothing to see here. Move on.
    RageFury
    +1
    In addition I am pretty sure a big state was left out of the new figures as well.
    So their fuzzy feel good numbers, are not a complete picture.
  • Matt 2012/10/16 15:31:28
    Bogus! That statistic assumes over a million "unpersons."
    Matt
  • RogerRover 2012/10/12 16:00:40 (edited)
    You're asking me?
    RogerRover
    +1
    Totally predictable. Uncle sugar has a hiring flurry (straw jobs). Get California to make false reports. Include part time jobs. Ignore, and take off rolls discouraged workers. Etc., etc,. etc.. VOILA! We fixed it. Economy's all getting better! Isn't that sweet?!! Rush to the polls and thank the good man! (That is IF..IF..you can scare up enough money to put gas in your car.
  • Jensenmk 2012/10/10 23:11:43
    Bogus! That statistic assumes over a million "unpersons."
    Jensenmk
    +1
    More lies and manipulation; the liberals are really good at redefining what the definition of 'is' is.
  • Zakkary John Silva-Sampaio 2012/10/10 22:07:51
    You're asking me?
    Zakkary John Silva-Sampaio
    +1
    the unemployment rate only covers thoughs who are looking for work, not those who gave up on looking. if the rate fell, then there are three explainations:
    1. unemployment really went down
    2. more people stop looking for work
    3. a little of both
  • twhiting9275 2012/10/10 15:12:37
    You're asking me?
    twhiting9275
    +1
    I'm not going to speculate on fact or fiction, as I'm not experienced enough to do so.
    It IS, however, rather coincidental that JUST in time for re-election, these numbers drop below 8%, the lowest they've been in this man's Presidency.
  • Flash,aka,Mr.Lightning 2012/10/10 14:23:43
    Bogus! That statistic assumes over a million "unpersons."
    Flash,aka,Mr.Lightning
  • SunShine 2012/10/10 13:15:15
    Bogus! That statistic assumes over a million "unpersons."
    SunShine
    +1
    good post.. it reminds me of the claim that they shut down the Taliban and AlQaeda.. it's all brown stuff..
  • Charles R. Anderson 2012/10/10 08:42:50
    Bogus! That statistic assumes over a million "unpersons."
    Charles R. Anderson
    +2
    As I have been pointing out for years now, the unemployment statistic becomes meaningless in a long recession or depression. When it is hopeless to find work by going to a government employment office and one can no longer get unemployment payments, one stops going and magically one is no longer in the workforce and so one does not count any longer. The fact is that we are missing 21 million jobs. The many hundreds of thousands of people said to be newly working in the household survey are all sharing a mere 114,000 jobs found at the many companies surveyed in the establishment survey. Apparently there are four, five or more people sharing the same job. And/or a lot people just decided that since they could not find a job, they would declare themselves self-employed. Perhaps the surveyors asked people if they were Democrats and if they said yes, they asked them to help Obama out by declaring themselves self-employed for the month!
  • SunShine Charles... 2012/10/10 14:56:40
    SunShine
    +1
    sounds plausible..lol
  • firebird 2012/10/10 01:50:54
    Bogus! That statistic assumes over a million "unpersons."
    firebird
    +3
    Complete BS!! just more lies and alibis coming from the administration..... for reelection purposes... Convenient that it all happened right after Obo losing the debate and showing the country that he cant even speak without his VISUAL AID... aka teleprompter and WRITTEN OUT INSTRUCTIONS.... Sort of like Mexico claiming to find the murderer of the American jet skier... Right.. THAT supposed drug cartel member was nothing but a scapegoat ..... Mexico is now very WORRIED ( AFTER THIS DEBATE) that OBO wont get reelected.. SO they manufacture some good news up... in their PEA BRAINS they believe it would make OBO look better to the Americans.... WEIRD SHI* GOING ON DOWN SOUTH... but got to remember WHAT WAS IT THAT OBO PROMISED THE Mexican's?....>>>>> AMNESTY !!! and proposed OPEN BORDERS for the rest of mexicos UNHAPPY .....
  • Dave 2012/10/10 01:34:22
    Bogus! That statistic assumes over a million "unpersons."
    Dave
    +3
    Any jobs that might have been created are all seasonal jobs that will go away the week after Christmas. Obama still has done nothing for almost four years. NObama.
  • jimmy d 2012/10/10 00:23:35
    Bogus! That statistic assumes over a million "unpersons."
    jimmy d
    +2
    --Sept. 2002 (when the recovery from the 2001 recession was well underway): U-3: 5.7 percent; U-6: 9.6 percent; gap: 3.9 percentage points.
    --Sept. 2007 (right before the latest recession started): U-3: 4.7 percent; U-6: 8.4 percent; gap: 3.7 points.
    --Sept. 2012 (the most recent numbers): U-3: 7.8 percent; U-6: 14.7 percent; gap: 6.9 points.
    So while the basic jobless rate today is 3.1 points higher than it was five years ago, the broader U-6 rate is 6.3 points higher. That corroborates several trends for which there's already a lot of anecdotal evidence: A lot of part-time workers would prefer a full-time job, but can't find one. Companies are relying more on part-timers, freelancers and consultants than on permanent staffers with full benefits. And many people are working at lesser jobs for lower pay than they were before the recession.
  • MarinerFH 2012/10/10 00:18:31
  • Stix 2012/10/10 00:04:55 (edited)
    Nothing to see here. Move on.
    Stix
    +1
    In order to move the unemployment number from 8.1 to 7.8 Obama's Labor Department had to find 880,000 more people with jobs then the month before??? The private sector added a skimmpy 114,000 jobs...so where did phe other 750,000 come from?
  • jimmy d Stix 2012/10/10 00:24:49
  • MichaelDillon 2012/10/10 00:00:01
    Bogus! That statistic assumes over a million "unpersons."
    MichaelDillon
    +1
    cooking the books
    cooking books
  • ★Calliope★ 2012/10/09 23:53:56
  • Broken 2012/10/09 23:52:41
    Bogus! That statistic assumes over a million "unpersons."
    Broken
    +1
    Lies, Damn Lies, and Statistics
  • Red Branch 2012/10/09 20:18:28
    Bogus! That statistic assumes over a million "unpersons."
    Red Branch
    +2
    It is bogus. I am not sure what it does or doesn't do beyond the deceptive and convoluted formula for determining unemployment.
  • moorrbrt1 "In God we Trust" 2012/10/09 19:39:03
    You're asking me?
    moorrbrt1 "In God we Trust"
    +1
    Everyone I knew, who was unemployed a year ago, still are. Maybe inside the White House the unemployment rate has dropped, but around here? Not happening.
  • mk, Smartass Oracle 2012/10/09 18:50:53
  • JT For Political Reform 2012/10/09 18:38:20
    Bogus! That statistic assumes over a million "unpersons."
    JT For Political Reform
    +3
    It's not doing Obama any good to fudge the numbers, 70 million people watched how little he knows in the first debate. I think many voters are seeing a very different run this time versus the 2008 election. Obama has no clue and he showed he's really not in charge, his soul mate Valerie Jarrett is running the puppet show in the White House.
  • Golden Panther 2012/10/09 18:20:44
    Bogus! That statistic assumes over a million "unpersons."
    Golden Panther
    +3
    The real unemployment rate is well over 18% and growing. Do not permit the obumavich Jack-boots tell you different as they are nothing but mendacious cretins that foster and pray for us to be communists, Muslims, and racists. No more words...just get these enemies of America out of power.
  • BBLEE 2012/10/09 17:42:08
    Bogus! That statistic assumes over a million "unpersons."
    BBLEE
    +3
    Lies, and the other stat's all prove it to be false, again.
  • jere.chievres 2012/10/09 17:41:07
  • morris44 2012/10/09 16:31:45
    Nothing to see here. Move on.
    morris44
    You people are totally losing it.

    The numbers are real. They are calculated the same way they have always been calculated.

    Your hysteria is getting out of control.

    Go watch a move or go to a sporting even. Get off the politics for a while.
  • JT For ... morris44 2012/10/09 18:42:16
    JT For Political Reform
    +4
    Those numbers are about as real as Casper the friendly ghost. LMAO. You koolaid drinkers couldn't see the truth if it hit you in the face, I would be embarrassed if I were you.
  • morris44 JT For ... 2012/10/09 19:49:51
    morris44
    Nutty. Do you even know who prepares the numbers?

    Even the Wall Street Journal thinks Welch is a goof.
    http://blogs.wsj.com/economic...

    Joseph Stiglitz appeared on 'Up w/ Chris Hayes' to discuss the jobs report released on Friday. Several prominent conservative figures, including former GE CEO Jack Welch, have accused the Obama administration of skewing the numbers to appear in its favor.

    "No president, maybe except Nixon, would actually try to change what the Bureau Labor Statistics does or what the DEA does. These are really independent agencies and the idea that they would do that is literally absurd," Stiglitz said.

    Stiglitz said the only thing that presidents can do is explain the numbers and put them in context of larger economic tides.

    "You don't monkey with the numbers because that would destroy your credibility," he said.

    Friday's report showed that unemployment had fallen to 7.8% after 114,000 jobs were added last month.

    Although some Republican politicians and conservative commentators have questioned the accuracy of the figures, officials deny any wrongdoing.

    Labor Secretary Hilda Solis told CNBC that it's "really ludicrous" to suggest that BLS manipulated the data.


    "To think that these numbers could be manipulated ... It's impossible to do it a...
    Nutty. Do you even know who prepares the numbers?

    Even the Wall Street Journal thinks Welch is a goof.
    http://blogs.wsj.com/economic...

    Joseph Stiglitz appeared on 'Up w/ Chris Hayes' to discuss the jobs report released on Friday. Several prominent conservative figures, including former GE CEO Jack Welch, have accused the Obama administration of skewing the numbers to appear in its favor.

    "No president, maybe except Nixon, would actually try to change what the Bureau Labor Statistics does or what the DEA does. These are really independent agencies and the idea that they would do that is literally absurd," Stiglitz said.

    Stiglitz said the only thing that presidents can do is explain the numbers and put them in context of larger economic tides.

    "You don't monkey with the numbers because that would destroy your credibility," he said.

    Friday's report showed that unemployment had fallen to 7.8% after 114,000 jobs were added last month.

    Although some Republican politicians and conservative commentators have questioned the accuracy of the figures, officials deny any wrongdoing.

    Labor Secretary Hilda Solis told CNBC that it's "really ludicrous" to suggest that BLS manipulated the data.


    "To think that these numbers could be manipulated ... It's impossible to do it and get away with it," said Keith Hall, a former commissioner of the Bureau of Labor Statistics, according to the AP. "These numbers are very trustworthy.
    (more)
  • jeepster4 morris44 2012/10/09 20:36:52
    jeepster4
    +1
    Its really strange that the exact same people that have convinced themselves that a Mormon is the same as every other Christian sect believe that the BLS must be in bed with the Democrats.
  • Temlako... morris44 2012/10/09 22:24:08
    Temlakos~POTL~PWCM~JLA~☆
    +2
    But Barack Obama isn't a President, because he is not a natural born citizen. He's a total scoff-law and scoff-Constitution. Of course he would tell the Bureau of Labor Statistics what to do.
  • morris44 Temlako... 2012/10/10 15:44:36
    morris44
    And the bls just goes along?

    Have you no faith in your fellow Americans?
  • jimmy d morris44 2012/10/10 00:31:03
    jimmy d
    Let me ask you . What qualifications did obama possess that helped you decide to vote for him in 2008? What performance characteristics of his will lead you to support him again in 2012? And is that the definition of insanity?
  • morris44 jimmy d 2012/10/10 15:44:12
    morris44
    Kinda off topic, don't you think?

    Talking about a conspiracy theory concerning fudged bls numbers.
  • jimmy d morris44 2012/10/10 16:46:16
    jimmy d
    Is this a lie too lib? Anything and everything to protect your cult right?!?
    http://townhall.com/tipsheet/...
  • morris44 jimmy d 2012/10/10 20:16:43
    morris44
    Are you seriously trying to compare an entire, independant government department to one staff worker?

    And again. Stay on topic.
  • jimmy d morris44 2012/10/10 00:26:08
    jimmy d
    Read and LEARN! The numbers are ABYSMAL.
    --Sept. 2002 (when the recovery from the 2001 recession was well underway): U-3: 5.7 percent; U-6: 9.6 percent; gap: 3.9 percentage points.
    --Sept. 2007 (right before the latest recession started): U-3: 4.7 percent; U-6: 8.4 percent; gap: 3.7 points.
    --Sept. 2012 (the most recent numbers): U-3: 7.8 percent; U-6: 14.7 percent; gap: 6.9 points.
    So while the basic jobless rate today is 3.1 points higher than it was five years ago, the broader U-6 rate is 6.3 points higher. That corroborates several trends for which there's already a lot of anecdotal evidence: A lot of part-time workers would prefer a full-time job, but can't find one. Companies are relying more on part-timers, freelancers and consultants than on permanent staffers with full benefits. And many people are working at lesser jobs for lower pay than they were before the recession.
  • Mike 2012/10/09 15:58:45
    Bogus! That statistic assumes over a million "unpersons."
    Mike
  • Lee 2012/10/09 15:13:43
    You're asking me?
    Lee
    +1
    These statistics are calculated the same way now as they were during the GW Bush administration.

    So if they were legit then, they are legit now.

    The only conclusion we can reach about all the brouhaha over this, is that Right Wing Nut Jobs love to cry and whine and snivel . . .


    . . . It's really pathetic, isn't it?

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/04/21 12:12:55

Hot Questions on SodaHead
More Hot Questions

More Community More Originals