Astounding News Mr. Obama
What manipulation ( note that a big part of the monthly data is “estimated” and revised in succeeding months) by a Czar. Also note the numbers almost without exception are revised to show more unemployment than released initially.
Certain facts are being ignored by the big media. One is that the governments own statistics show there are 2 million less people employed than 4 years ago. I hope Romney people go look at that. Another is that the number of American working or wanting to work has gone down by millions of people to a percent of the workforce not seen in generations – again the governments own data.
So the grand plan is there. First we reduce the number of people who are looking for work (because they have not found it yet). Then we make up jobs with false employment data. Just taking people out of the pool of looking for work makes the unemployment figure go down. Then adding jobs in the public sector and counting anything that breathes shows tiny jib gains.
Wow! In one month conveniently before the election we see such success that Obama MUST be right.
Here is one current article:
The unemployment rate decreased to 7.8 percent in September, a number certain to impact the presidential race.
Pundits have been saying for months this number had to drop below 8 percent for it not to be a hindrance to President Obama’s reelection chances.
Truly shocking in the report was that the number of unemployed people dropped by 456,000 to 12.1 million.
Maybe more shocking, total employment, as measured by the Household Survey, rose by 873,000 in September to 142,974,000, the biggest one month jump since June 1983.
As such, total employment now stands at the highest level it’s been since December 2008 before Obama was inaugurated.
But even more mysterious is the divergence in the two surveys done by the Labor Department.
The Household Survey showed a gain of 873,000 people employed in September – resulting in the surprise drop in the unemployment rate – while the Establishment Survey only showed a rise of 114,000.