reply to post by alternateuniverse
Every month they take the number of people who they claim stopped looking for work out of the equation, to keep the percentage dropping. It's called
smoke and mirrors.
Here's another smoke and mirrors tactic:
Here's what the BLS showed for June 2012:
Original number: 84,000
Revised a month later to: 64,000
Revised the month after that to: 45,000
Now, let's see what BLS showed for July 2012:
Original number: 163,000
Revised a month later to: 141,000
Revised the month after that: 181,000
Here's what BLS showed for August 2012:
Original number: 96,000
Revised a month later to: 142,000
Now, in all seriousness, I have a hard time believing that June numbers dropped all the way down to 45,000 jobs and July numbers keep increasing to
181,000, but it is election season after all.
In the meanwhile, the August 2012 Mass Layoff report shows that 127,454 people were laid off.
Let's compare the LAYOFF numbers recently, shall we?
June Layoffs: 131,406
July Layoffs: 137,420
August Layoffs: 127,454
Personally, I'll be looking to see how many of these numbers keep getting revised until after the election. I'm sure they're going to start revising
then down again.
edit on 5-10-2012 by Deetermined because: (no reason given)