7.8%: This Is Economic Recovery?

7.8%: This Is Economic Recovery?

July = 181,000 jobs
August = 142,000 jobs
September = 114,000 jobs

The number of jobs being added each month are in decline, yet unemployment dropped from 8.1% to 7.8%.

WSY ATS?

Jobless rate drops to 7.8 percent; economy adds 114,000 jobs By Vicki Needham - 10/05/12 10:28 AM ET
thehill.com...

reply to post by alternateuniverse


This is an election year ploy, pure and simple.
Anyone that says unemployment is less than 22% is lying.

You do realize these numbers are from a household poll/survey...right? Not the standard government numbers.

Des

Originally posted by AnonymousCitizen
reply to post by alternateuniverse

 

This is an election year ploy, pure and simple.
Anyone that says unemployment is less than 22% is lying.

Agreed, we have the Govts definition of rate of unemployment, and then we have the REAL rate of unemployment which takes those who can't claim anymore unemployment into account...

All Romney has to point out is that this rate is based on 44,000,000 Americans working. If only we weren't a nation of 350,000,000. Awww shucks... and of that supposed increase 67% are part-time jobs. This comes from a group that 'invents' numbers when it needs to. The real unemployment could be -500,000 but they are allowed to 'guess' at how much of that was seasonal layoffs and offset it by the number of seasonal layoffs they would have expected. So if 500,000 lose their job they could say - well 700,000 should have lost their job so +200,000 jobs added in September.

This is the 2,000,000 jobs 'saved' or 'created' mentality.

Why can they just not put out a number saying "X number of Americans were employed in August full-time" - "Y number of Americans were employed in September full-time". "A Z change"?

Cause it would scare everyone to death.

they dont count the people who can no longer get jobless benifits in the "unemployed" category. this means every month the people who were out of work for too long are no longer counted and it makes it look like the unemployment rate is going down when in reality they just arent counting everyone.

No, but it's a start of a new trend.

It's that much, that could translate into so much more.

Originally posted by MastaShake
they dont count the people who can no longer get jobless benifits in the "unemployed" category. this means every month the people who were out of work for too long are no longer counted and it makes it look like the unemployment rate is going down when in reality they just arent counting everyone.

Thank you.Hello! The "official" unemployment numbers are manipulated!

So, in theory, Obama could mess up our country so badly that with no-one working or collecting unemployment, he could claim 0%!

Awesome! Anyone have Axelrods phone number?

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.

if there are so many more now employed

just whay is it that food stamp claims are still rising?

are millions of people falsifying their claims to receive FoodStamps...
which is calling the public a bunch of liars, thieves and fraud artists


ADD:
here's a related link: www.forbes.com...
(Yes America, Your Fellow Citizens Do Abuse Federal-Aid Programs)...
~what i take from this work of propaganda is it is being suggested that citizens are wanted to turn-in or squeal on others...like the gestapo did pre WWII~
RETURN TO ORIG COPY:


the Øbama administration, with it's organization of czars and oligarchs of departments...
needs to be swept out of power

Obama Appointed Auto Industry Czar - Former General Electric CEO Jack Welch says that Obama Administration cooked the numbers to combat the perception that he has been weak on jobs.

Originally posted by beezzer
So, in theory, Obama could mess up our country so badly that with no-one working or collecting unemployment, he could claim 0%!

Awesome! Anyone have Axelrods phone number?

Oh, stop it.

They have a firm enough grasp of statistical manipulation without you giving them more ideas!

They say a SOLID economy is 5% unemployment, I understand that people who don't understand economics will think a great economy is 1-2% unemployment, but that's just not realistic.... So a solid economy is 5% (that's what i was taught in my Macro/Micro classes) and we're at 7.8%, I wouldn't call this recovery at all, it may be a step in the right direction, but the road left ahead is long and hard (that's what she said )....

funny how they manipulate the "official" numbers right? if you count the people no longer getting benifits and underemployed people the number would easily be double what they are saying

The experts were predicting 120,000 jobs created and the unemployment rate goes up to 8.3%. Instead we only have 114,000 created and we are suppose to believe the rate dropped to 7.8%. That doesn't even keep up with population growth and the unemployment rate drops because so many people are using up all of their unemployment benefits.

There should be an investigation on whether the household SURVEY has been mishandled or whether the government cooked the books for this jobs report.

The government said the total number of jobs employed surged by 873,000, the HIGHEST ONE-MONTH JUMP in 29 years!

What are the odds that the HIGHEST ONE-MONTH JUMP in 29 years happens on the month before the presidential election, and with only a 1.3% GDP growth economy?

You can't make this up!

I have to agree with Welch. Obama couldn't absorb a number higher than 8%.

New polls show Romney up in Virgina and Florida and tied in Ohio. An 8.1% or 8.2% unemployment number would crush the Obama campaign after that debate performance.

The BLS (Bureau of Labor Statistics) also waved a wand and magically added 574 THOUSAND jobs into being using what's called the "birth/death model component".

7.8 isn't an 'economic recovery' ... and it isn't even the accurate number.
Real unemployment is something like 21 or 22 %.

ALSO - Millions are set to lose their jobs in the next 90 days because of the forced
military cutbacks. YThe law requires that these people get a 60 day warning notice.
Obamas administration is trying to get them to delay the notices going out until
after the election. This is against the law. Mr. 'transparency' strikes again ...