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Time to Investigate the Bureau of Labor Statistics ?

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posted on Oct, 14 2012 @ 05:57 PM
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This article calls into question the way the BLS (Bureau of Labor Statistics) apparently somehow performed miracles for the recent unemployment reports.

Things like the ever increasing non participation rate and increasing working age population and declining full time jobs are some numbers easily factored into any report that wants to highlight a lower unemployment rate.


Full time jobs actually declined last month by 216,000.

The working age population increased by 206,000 in September.

There was an 873,000 jump in jobs last month. 582,000 of those jobs were part time.

Since Obama became President, the working age population has increased by 8.4 million.


Not a bad article for statistics......

The BLS reported last Friday that the economy in September created all of 114,000 net new jobs, just 104,000 in the private sector. To give you some context for how great that is, the working age population increased by 206,000 in September. With a labor force participation rate normal for the fourth year of a recovery (where we are right now), just keeping pace with that population growth would require 138,000 new jobs, before we can even start to reduce the unemployment rate.

Indeed, since Obama became President, the working age population has increased by 8.4 million. At the same labor force participation rate as when Obama entered office, that would require 5.52 million new jobs just to keep pace with that population growth. The total number of net new jobs created since Obama became President according to the BLS: 787,000.

But not to worry. The BLS also reported on Friday that the number of full time jobs actually declined last month by 216,000. Thank you, President Obama. You are doing a great job. Socialism is finally working. Forward. Why would we ever consider turning back now?

Time to Investigate the Bureau of Labor Statistics



Here is a puzzler......

The supposed sudden explosion of Household Survey jobs is inconsistent not only with the 114,000 jobs found in the Establishment Survey of employers. It is also inconsistent with the reported GDP growth of 1.3% in the second quarter, which has been declining for over two years. Monthly job creation of 873,000 would require economic growth 3 to 4 times that large, at least.



And.....

I am not alleging fraud or manipulation by the career bureaucrats at the BLS, who I know from personal experience with career federal officials are overwhelmingly Democrat and personally supporting Obama for reelection. I also know from personal experience with the Washington, D.C. area that these career Washington bureaucrats are personally doing better than ever.

But given the above inconsistencies and anomalies, along with the strange, fortuitous timing of the sudden September burst in supposed jobs, I just think it is time to ask some pointed questions, under oath, in an official investigation. That includes the Obama appointees to which the career bureaucrats report, as well as the bureaucrats themselves.



Well ?




Since Obama became President, the working age population has increased by 8.4 million.

"Over the last 30 months, we've seen 5 million jobs in the private sector created," Democratic incumbent Barack Obama said.

Fact Check: Job creation versus unemployment




posted on Oct, 14 2012 @ 06:07 PM
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reply to post by xuenchen
 


At guess I would say if an investigation was run there would be nothing found to implicate fraud. If governments have a problem with something that is not meeting "benchmark standards" all they do is alter the criteria it is measured with.

Example: If the benchmark is acceptable for a train to be running 5 minutes late and what they find is on average trains are running 6 minutes late they will lift the criteria to 7 minutes as being acceptable. Problem solved. The trains are now running "on time"
edit on 14-10-2012 by phatpackage because: (no reason given)



posted on Oct, 14 2012 @ 06:08 PM
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Gosh, gee......

You mean government agencies really cater to who ever is currently in power?

It happens in almost every agency and with every power change.

I had to deal with the DOL when Bush was in power. I can tell you 100% he used the DOL for his benefit too.

I do however, I agree that things are much, much worse than is currently being reported. But this started right after 2001 - the economy was inflated by the fraud in the housing market. Remember when everyone was saying there was no bubble? Who was that - Bush.
edit on October 14th 2012 by Daughter2 because: (no reason given)



posted on Oct, 14 2012 @ 06:13 PM
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reply to post by xuenchen
 


A 'miracle' would be something around 5 or 6%. Just because facts don't fit with your worldview doesn't mean they're any less factual.

I've heard everything about this topic from 'It was just unemployed democrats lying to surveyors.' to 'I just don't like the number,' as excuses for this. The fact is, unemployment is going down overall. Regardless of how hard the GOP tries to run the country into the ground and blame it on the president.



posted on Oct, 14 2012 @ 06:26 PM
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reply to post by xuenchen
 


While I agree that the BLS along w/ each and every bureau, office, department, and purchase that the Federal Government has ever made ought to be made publicly available for easy download on the internet...I must say that the data you provided in no way necessarily suggests any creative calculations.

You are comparing "full-time jobs" with "jobs" and have also not taken into account any sort of weighted statistical measurement for seasonal employment during the holiday season which begins ramping up each and every year in the late summer/early fall.

Quite frankly...I have not seen anybody claim to have any information at all that should raise alarm all by itself. Least of all from Jack Welch who came right out and stated that he has no proof or mathematical reason at all to believe that anybody "cooked the books".

However...the people will clearly be best served by crawling right up the gov'ts a^^ w/ a microscope and force a 100% transparency on everything from paper clips purchased to BLS data...no exceptions. Thus...I'm still with you to audit the bejeebies out of them... and then continuing that auditing process FOREVER.



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