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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on October 05, 2012, 05:33:00 AM

Title: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 05:33:00 AM
 ???  ???  ???  ???


Yeah nothing to see here move along!
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 05:34:08 AM
LOL - they invented 50k jobs from last month! 


What total bullshit 

http://www.businessinsider.com/september-non-farm-payrolls-report-2012-10

Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 05:40:33 AM
http://www.zerohedge.com/news/2012-10-05/nfp-prints-114k-top-expectations-115k-unemployment-rate-tumbles-78-expectations-82


What a complete farce 
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 05:53:43 AM
http://www.huffingtonpost.com/2012/10/05/jobs-report-unemployment-rate_n_1942067.html


LOL - talk about delusion.  Those libs are cheering and breaking out the champaign over this farce. 
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 06:17:57 AM
HEHEHEHEEH!!

This is why these "job reports" are worthless.  They are manipulated every single time. The first jobs report for July showed one figure of jobs created. That figure was downgraded with the August report, which stated that 300k people quit looking for jobs, which was the sole reason for the "official" UE rate dropping to 8.1%. Now, miraculously, ONE MONTH later, we are to believe that more people have suddenly started again looking for jobs and that the July and August job numbers were wrong, not once but two times. They were so wrong that magically 86K more jobs were created in July and August. How could they have missed 80k jobs? LOL!!!


In about 3 months, there will be another report claiming that these numbers were wrong, that the bulk of those jobs were seasonal/temp/part-time jobs and setting the UE rate back over 8%. It will conveniently happen after the elections are done.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Fury on October 05, 2012, 06:23:41 AM
Hahahahaha! How desperate is this campaign.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 06:26:07 AM
Not to mention that it has always been known that in order for UE rate to even drop there has to be at least 150k jobs created PER MONTH. AT LEAST 150k. So 114k jobs drops the UE rate?

As details keep coming in, this report is not impressive at all.  This is the latest info on the type of jobs created:  

The number of jobs added was still a modest 114,000, and many of them were part time --

Read more: http://www.foxnews.com/politics/2012/10/05/jobless-rate-falls-to-78-percent-in-september/#ixzz28Qkya6eW

I expect the next admission to be that there are also seasonal jobs included in those figures. It is the same thing every year for the last 4 years.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Fury on October 05, 2012, 06:26:29 AM
Sept 2012 Payrolls +114,000 vs Household +873,000.
Aug 2012 Payrolls +142,000 vs Household -119,000.



HAHAHAHAHA!
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 06:27:55 AM
Not to mention that it has always been known that in order for UE rate to even drop there has to be at least 150k jobs created PER MONTH. AT LEAST 150k. So 114k jobs drops the UE rate?

As details keep coming in, this report is not impressive at all.  This is the latest info on the type of jobs created:  

The number of jobs added was still a modest 114,000, and many of them were part time --

Read more: http://www.foxnews.com/politics/2012/10/05/jobless-rate-falls-to-78-percent-in-september/#ixzz28Qkya6eW

I expect the next admission to be that they are also seasonal jobs included in those figures. It is the same thing every year for the last 4 years.


That is why the U6 stayed the same. 

This was all kneepadding for obama since Romney hammered himn over the consecutive 8% UE number. 

Funny how the psychotic left at HP is crying in joy over this bogus report
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:30:02 AM

That is why the U6 stayed the same. 

This was all kneepadding for obama since Romney hammered himn over the consecutive 8% UE number. 

Funny how the psychotic left at HP is crying in joy over this bogus report

And just that fast, the debate is ancient history.  he took his 36 hours of butthurt media coverage.  And now, that's long gone.

Now, it's back to "7-something UE, and if you disagree, you're a conspiracy theorist".

Now we see if Romney has the guts to call out the BOGUS way Obama reached this number.  Methinks he doesn't. 
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: MCWAY on October 05, 2012, 06:32:33 AM
Rush NAILED IT again. He's been saying for months that unemployment would conveniently get massaged under 8%, just in time for the election.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Fury on October 05, 2012, 06:33:04 AM
And just that fast, the debate is ancient history.  he took his 36 hours of butthurt media coverage.  And now, that's long gone.

Now, it's back to "7-something UE, and if you disagree, you're a conspiracy theorist".

Now we see if Romney has the guts to call out the BOGUS way Obama reached this number.  Methinks he doesn't. 

Why wouldn't he call him out?

I'm eagerly awaiting your 500 posts criticizing Obama for adding shitty part-time jobs like you did with Perry.

Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Option D on October 05, 2012, 06:34:13 AM
And just that fast, the debate is ancient history.  he took his 36 hours of butthurt media coverage.  And now, that's long gone.

Now, it's back to "7-something UE, and if you disagree, you're a conspiracy theorist".

Now we see if Romney has the guts to call out the BOGUS way Obama reached this number.  Methinks he doesn't. 

Stop Kneepading you POS
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Fury on October 05, 2012, 06:34:57 AM
Stop Kneepading you POS

Did you bust in your pants at these numbers?
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:35:59 AM
Why wouldn't he call him out?

I'm eagerly awaiting your 500 posts criticizing Obama for adding shitty part-time jobs like you did with Perry.

Obama - bold face liar with these number.  NO WAY it's 7.8%.  I've said for a year that Obama will lie, lie, lie to reach "under 8%" for the October debate - cheat, cheat, cheat the whole day long.  Just so Romney can't nail him with 8%.

But romney WILL NOT attack the accounting BLS strategy used to reach these numbers.  Because in 4 years, when he's president, he will be tweaking numbers to get under 7% for a deabte against Cuomo or whoever.

Let's wait and see, I might be wrong, but I'm sure Romney won't venture into CT territory and question the non-partisan BLS for their stats.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: blacken700 on October 05, 2012, 06:36:36 AM


 :D :D :D :D :D :D :D
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Coach is Back! on October 05, 2012, 06:37:14 AM
Hahahaha, this has to be the biggest con artist in presidential history. Hahags
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:37:23 AM
Stop Kneepading you POS

:)

The number is entirely a lie.  BUt I doubt romney has the guts to call obama out for it on the debate stage.  Obama's gonna show up in the next debate with a shiny face, well-rested, grinning ear-to-ear with a gold badge reading "Under 8%".

And we're not talking about this anymore:
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 06:38:01 AM
Why wouldn't he call him out?

I'm eagerly awaiting your 500 posts criticizing Obama for adding shitty part-time jobs like you did with Perry.



HEHEHEHEH!!

What do you have to say, Rob?
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:38:17 AM
Hahahaha, this has to be the biggest con artist in presidential history. Hahags

AGREED.

The question is, will Romney TAKE that presidency by CALLING OUT obama for these obviously false numbers?

Will he take that debate stage and say "You lie!" - Or will he just keep making contradictory statements about his own shit?
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:39:23 AM
HEHEHEHEH!!

What say you, Rob?

WTF?  I want some of whatever you're putting on your mcgriddle this morning :)

The number is a pure lie.  I've said it 5 times on this thread already.  That WHAT SAY ME.  :)
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Coach is Back! on October 05, 2012, 06:39:34 AM
Blacken believes it to be legit. Lol
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Option D on October 05, 2012, 06:40:00 AM
Did you bust in your pants at these numbers?


Why are you worried about what goes on in my pants?


And i dont give a crap about these numbers. I think its all fucked up lies. Politics is media entertainment.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 06:42:18 AM
AGREED.

The question is, will Romney TAKE that presidency by CALLING OUT obama for these obviously false numbers?

Will he take that debate stage and say "You lie!" - Or will he just keep making contradictory statements about his own shit?


Obama is going to look even worse trying to defend this fraud. 
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 06:42:55 AM


 :D :D :D :D :D :D :D

114k does not even keep track w new entrants into the employment pool you stupid fuck. 
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 06:44:05 AM
Stop Kneepading you POS

The number is blatantly false yet like clock work - Team Kenya bows in obedience to their king
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Fury on October 05, 2012, 06:44:46 AM
China should take a page from the Obama regime when it comes to cooking the books.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:44:54 AM
Blacken believes it to be legit. Lol

nah, I think we're pretty honest around here now.

Romney lied in the debates on some things - but that's FINE, because the debates aren't designed for smart people - they're for low-info voters who make their choice based upon a 90-minute stump speech and beauty contest.  I know romney lied in it, and I'm fine there.  

Blacken, dude, you know it's just too convenient we're this low - particuarly with only 114k jobs added.  WAY too convenient, and we all KNOW there was no way it'd be 8.6% today, so Romney would anally plunge him with the jobs report for the next week.

And that's OKAY.   Obama has the power of the incumbency.  Romney has the power of "promise to give tax breaks to 1% when I need their donors, promise now to when I'm speaking to swing voters who hate the top 1%".   it's politics.  Lying is OKAY, sadly.  It is what it is.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: blacken700 on October 05, 2012, 06:45:04 AM
Blacken believes it to be legit. Lol

romney lies for an 1 1/2 on stage and it's great he won,now this comes out and you guys are all in a huff  :D :D :D :D :D :D :D priceless
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 06:45:30 AM
WTF?  I want some of whatever you're putting on your mcgriddle this morning :)

The number is a pure lie.  I've said it 5 times on this thread already.  That WHAT SAY ME.  :)

McGriddles are good, man.

At least you are being honest on this issue.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:46:06 AM

Obama is going to look even worse trying to defend this fraud.  

Why?  Romney and the moderator won't call him on it.  WIth only 114k new jobs, this number is completely false.

But Romney won't stand on the debate stage and say it - cause he'll be fudging the BLS numbers in Oct 2016 to keep his job.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: James on October 05, 2012, 06:47:16 AM
Joe Scarborough: "These numbers don't make any sense"


Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:47:33 AM
McGriddles are good, man.

At least you are being honest on this issue.

The ONLY thing I'm giving obama credit on, is having the balls to lie/cheat/steal to get that debate out of the news.

And the ONLY thing I'm shitting on romney for, is not having the balls to attack him for these false-ass numbers.

And of course, the irritating getbiggers who really claim romney didn't contradict himself here on the biggest issue of the campaign for some.

[ Invalid YouTube link ]
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 06:48:55 AM
Joe Scarborough: "These numbers don't make any sense"




Joe scar is 100% right.  To me it is IMPOSSIBLE to be that low - just beyong laughable.  Obama is just pulling numbers out of air to win this election.

Romney has a DUTY to have the crowd chanting "7.8 is a lie" at every speech he gives for the next week.

Let's be honest - Newt or Santorum would IMMEDIALTEY call out Obama for such an obvious lie.
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 06:57:09 AM
romney lies for an 1 1/2 on stage and it's great he won,now this comes out and you guys are all in a huff  :D :D :D :D :D :D :D priceless

If he lied so much, why didn't your genius of a messiah call him out on it? Yeah, thought so.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Vince G, CSN MFT on October 05, 2012, 07:07:15 AM
I don't see how Obama or anyone in the administration can influence a job report.  Its an independent government function that he has no control over.


But 7.8% is great news....this will boost consumer morale and I can sell more stuff  ;D
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 07:08:05 AM
Listen at the end for what Jack Welsh stated on twitter. He stated:
"Unbelievable job numbers. These Chicago guys will do anything. Can't debate, so change numbers."

Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: James on October 05, 2012, 07:09:41 AM
Listen at the end for what Jack Welsh stated on twitter. He stated:
"Unbelievable job numbers. These Chicago guys will do anything. Can't debate, so change numbers."



"These Chicago guys will do anything. Can't debate, so change numbers."

QFT
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 07:10:53 AM
I don't see how Obama or anyone in the administration can influence a job report.  Its an independent government function that he has no control over.


But 7.8% is great news....this will boost consumer morale and I can sell more stuff  ;D


 ::)  ::)

Yeah, buggest change in employment in 29 years just miraculously happens when GDP is down to 1.25%? 


Only a dumb 94er like yourself believe this bs. 
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Vince G, CSN MFT on October 05, 2012, 07:11:11 AM
I've checked and found that there were 582,000 new part time jobs added....obviously for Christmas....so yes the UE rate is 7.8...maybe even lower....
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Kazan on October 05, 2012, 07:11:15 AM
I don't see how Obama or anyone in the administration can influence a job report.  Its an independent government function that he has no control over.


But 7.8% is great news....this will boost consumer morale and I can sell more stuff  ;D

I really hope this is sarcasm............
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 07:11:35 AM
Listen at the end for what Jack Welsh stated on twitter.

Do you predict Romney will say the same thing today?
Title: Re: More BS from the BLS - UE dops to 7.85 w only 114k jobs? WTF!
Post by: blacken700 on October 05, 2012, 07:11:53 AM
If he lied so much, why didn't your genius of a messiah call him out on it? Yeah, thought so.

what's he going to say,you didn't say that, romney would just say i did.just wait for the next day because the videos don't lie ;D
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Vince G, CSN MFT on October 05, 2012, 07:13:56 AM
I really hope this is sarcasm............


I'm barely in the black this year sales wise and the good news will get people shopping.  So no I'm very serious.  If the economy isn't good, then I'm toast and I'll have to go back to work full time
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 07:15:15 AM
Do you predict Romney will say the same thing today?

I don't think he will.

But, he can still hammer the "president" on the fixed UE rate still being over the 5% he promised years ago.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: James on October 05, 2012, 07:16:29 AM
Looks like Rush was right; he called this one months ago.

Folks, we’re living under a 3rd-world regime not unlike Venezuela. Simply astounding.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 07:19:41 AM
Looks like Rush was right; he called this one months ago.

Folks, we’re living under a 3rd-world regime not unlike Venezuela. Simply astounding.

i said it from Day 1 as soon as Obama stepped on the national stage.   I saw through all the bs and knew he was a wannabe 3rd world dictator like Mugabe et al.

ObamaDoc will do anything to retain power. 
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 07:19:50 AM
I don't think he will.

If anyone on the romney campaign is reading getbig for training advice and stumbles upon the poli board...

PLEASE tell your candidate to call out obama for pulling these numebrs out of thin air.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 07:21:10 AM
The ONLY thing I'm giving obama credit on, is having the balls to lie/cheat/steal to get that debate out of the news.

And the ONLY thing I'm shitting on romney for, is not having the balls to attack him for these false-ass numbers.

And of course, the irritating getbiggers who really claim romney didn't contradict himself here on the biggest issue of the campaign for some.

[ Invalid YouTube link ]

http://www.realclearpolitics.com/video/2012/10/04/cutter_concedes_5_trillion_attack_on_romney_is_not_true.html
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 07:24:28 AM
Rush said a few months back that Obama would do whatever was necessary to get the unemployment number under 8% just prior to the election…this is criminal.

AGREED.   it's just too perfect - the last jobs report that'll matter.. and it goes to this hollywood number.  just too convenient, particuarly with only 114k new jobs.

every repub in congress should print "7.8" on a piece of paper really big, tear it up for the camera, and walk back to their office today. 

"7.8 is a lie" should be the chant at every campaign GOP event for the next 4 weeks.  Period.

Newt sure would :)  Santorum DEFINITELY would.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: James on October 05, 2012, 07:25:05 AM
i said it from Day 1 as soon as Obama stepped on the national stage.   I saw through all the bs and knew he was a wannabe 3rd world dictator like Mugabe et al.

ObamaDoc will do anything to retain power. 

Rush said a few months back that Obama would do whatever was necessary to get the unemployment number under 8% just prior to the election…this is criminal.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 07:33:38 AM
Rush said a few months back that Obama would do whatever was necessary to get the unemployment number under 8% just prior to the election…this is criminal.

i can't wait for his show today.  Gonna wreck obama for this.  But the pundit isn't running for prez.

Come on mitt, you got this.... attack obama for this convenient lie!

Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: James on October 05, 2012, 07:45:08 AM
That’s the biggest swing in the UE numbers in the last 40 months.  ::)

Even CNBC commentators are calling the jobs report bogus. While CNBC tends to be more conservative than its parent NBC, to openly and collectively dispute the report is pretty strong.

They can lie they can cheat…American people saw the debate, and the contrast between Mitt and Obama is clear, (Good and Evil)…I have full confident that people will prevail!!! Watch Ryan and Biden’s debate Thursday Oct 11 as Ryan shreds these fake numbers.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: GigantorX on October 05, 2012, 09:03:21 AM
One of the big numbers from the report:

# of people that had to take a 2nd part time job because of "economic hardship" went from 515,000 thousand to 8,116,000 million.

7.5 million peoples economic/employment/wage etc situations deteriorated to the point where they had to go find a job flipping burgers for 20 hours a week.


That's not progress, that's regression.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: dario73 on October 05, 2012, 09:13:00 AM
i can't wait for his show today.  Gonna wreck obama for this.  But the pundit isn't running for prez.

Come on mitt, you got this.... attack obama for this convenient lie!



Here is Mitt's response:


Here's the full statement:

“This is not what a real recovery looks like. We created fewer jobs in September than in August, and fewer jobs in August than in July, and we’ve lost over 600,000 manufacturing jobs since President Obama took office. If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11%. The results of President Obama's failed policies are staggering – 23 million Americans struggling for work, nearly one in six living in poverty and 47 million people dependent on food stamps to feed themselves and their families. The choice in this election is clear. Under President Obama, we’ll get another four years like the last four years. If I’m elected, we will have a real recovery with pro-growth policies that will create 12 million new jobs and rising incomes for everyone.”

http://www.businessinsider.com/romney-september-jobs-report-not-real-recovery-2012-10


Read more: http://www.businessinsider.com/romney-september-jobs-report-not-real-recovery-2012-10#ixzz28RRo9vSk
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 09:53:59 AM
Today's 'Good' Jobs Report Was Actually Terrible
James Pethokoukis, American Enterprise Institute|Oct. 5, 2012, 10:44 AM|3,252|24




Is this the Obama October Surprise?
 
Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isn’t. Not at all.
 
1. Yes, the U-3 unemployment rate fell to 7.8%, the first time it has been below 8% since January 2009. But that’s only due to a flood of 582,000 part-time jobs. As the Labor Department noted:
 

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
 
2. And take-home pay? Over the past 12 months, average hourly earnings have risen by just 1.8 percent. When you take inflation into account, wages are flat to down.
 
3. The broader U-6 rate — which takes into account part-time workers who want full-time work and lots of discouraged workers who’ve given up looking — stayed unchanged at 14.7%. That’s a better gauge of the true unemployment rate and state of the American labor market.
 


4. The shrunken workforce remains shrunken. If the labor force participation rate was the same as when President Obama took office, the unemployment rate would be 10.7%. If the participation rate had just stayed steady since the start of the year, the unemployment rate would be 8.4% vs. 8.3%. Where’s the progress? Here is RDQ Economics:
 
Such a rapid decline in the unemployment rate would be consistent with 4%–5% real economic growth historically but much of the decline is accounted for by people dropping out of the labor force (over the last year the employment-population ratio has risen to only 58.7% from 58.4%).  We believe part of the drop in the unemployment rate over the last two months is a statistical quirk (the household data show an increase in employment of 873,000 in September, which is completely implausible and likely a result of sampling volatility).  Moreover, declining labor force participation over the last year (resulting in 1.1 million people disappearing from the labor force) accounts for much of the rest of the decline.
 
5. As the chart below shows — a chart originally produced by Team Obama — even the artificially depressed 7.8% unemployment rate is way above the 5.6% unemployment rate the White House predicted for September 2012 if Congress passed the $800 billion stimulus package back in 2009.
 





James Pethokoukis
 

6. The 114,000 jobs created would have been a good number … but for 1962, not 2012. The U.S. economy needs 2-3 times that number every month to close the jobs gap (which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while also absorbing the people who enter the labor force each month.) At 114,000 jobs a month, the jobs gap would not close until after 2025, according to the Hamilton Project.
 
7.  We are still on pace to create fewer jobs this year than last year. In 2012, employment growth has averaged 146,000 per month, compared with an average monthly gain of 153,000 in 2011.
 
8. White House economist Alan Krueger says the jobs numbers are ”further evidence” the economy is healing. But he’s wrong.
 
The employment-population ratio, which merely shows how many folks have jobs as a share of the civilian population, was 58.7%. Now that’s up from last month. But it is still far below where it was in June 2009, 59.4%,when the recession officially ended. And it’s even further below the 63% level before the downturn


Read more: http://www.aei-ideas.org/2012/10/the-sickly-stagnant-september-jobs-report/#ixzz28RbiGFh8

Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 11:38:54 AM
Meet the Obama Donors at the BLS

BY: Washington Free Beacon Staff
October 5, 2012 1:28 pm





At least two economists at the Bureau of Labor Statistics (BLS) have contributed to President Barack Obama’s campaign. Harley Frazis of Bethesda, MD, has contributed at least $2,000 to Obama and $9,000 to the Democratic National Convention over the last three election cycles. During his time at BLS, Harley has published a number of papers including his most recent, “How to Think About Time-Use Data: What Inferences Can We Make About Long- and Short-Run Time Use from Time Diaries?”
 
Stephen Phillips of Washington, D.C., has contributed at least $270 to Obama during the 2012 cycle. According to his LinkedIn profile, Phillips has been an economist at BLS since June 2009. Phillips was responsible for examining the impact of Obamacare on Healthcare North American Industry Classification System indices. Phillips was also assistant coach for a girls’ high school tennis team in 2010.

 This entry was posted in Democratic Donors, Federal Bureaucracy, Obama Campaign and tagged Barack Obama, Bureau of Labor Statistics, Harley Frazis, Stephen Phillips. Bookmark the permalink.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 11:41:20 AM
Meet the Obama Donors at the BLS

BY: Washington Free Beacon Staff
October 5, 2012 1:28 pm





At least two economists at the Bureau of Labor Statistics (BLS) have contributed to President Barack Obama’s campaign. Harley Frazis of Bethesda, MD, has contributed at least $2,000 to Obama and $9,000 to the Democratic National Convention over the last three election cycles. During his time at BLS, Harley has published a number of papers including his most recent, “How to Think About Time-Use Data: What Inferences Can We Make About Long- and Short-Run Time Use from Time Diaries?”
 
Stephen Phillips of Washington, D.C., has contributed at least $270 to Obama during the 2012 cycle. According to his LinkedIn profile, Phillips has been an economist at BLS since June 2009. Phillips was responsible for examining the impact of Obamacare on Healthcare North American Industry Classification System indices. Phillips was also assistant coach for a girls’ high school tennis team in 2010.

 This entry was posted in Democratic Donors, Federal Bureaucracy, Obama Campaign and tagged Barack Obama, Bureau of Labor Statistics, Harley Frazis, Stephen Phillips. Bookmark the permalink.

Romney, speak on this.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: GigantorX on October 05, 2012, 11:43:06 AM
One of the big numbers from the report:

# of people that had to take a 2nd part time job because of "economic hardship" went from 515,000 thousand to 8,116,000 million.

7.5 million peoples economic/employment/wage etc situations deteriorated to the point where they had to go find a job flipping burgers for 20 hours a week.


That's not progress, that's regression.

Clarification/Correction.

The number of people taking up a 2nd part-time low wage job because of economic hardship increased from 7.5 million to 8.116 million, a jump of 515k.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Fury on October 05, 2012, 04:58:40 PM
Clarification/Correction.

The number of people taking up a 2nd part-time low wage job because of economic hardship increased from 7.5 million to 8.116 million, a jump of 515k.

Remember when 240, Blacken and co. criticized Perry for adding shitty low-wage retail and part-time jobs? I do.  :)
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 07:04:48 PM
Remember when 240, Blacken and co. criticized Perry for adding shitty low-wage retail and part-time jobs? I do.  :)

also, 240 criticized obama first thing this morning for completely falsifying these numbers.

my only beef is that romney didn't announce "7.8 is some fake-ass bullshit" at 9:05 this morning on the mic.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Coach is Back! on October 05, 2012, 07:14:06 PM
I stand by what I've been saying for months. Either Obama wins by a slim.margin or this will be a land slide victory for Romney.
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 07:58:59 PM
I stand by what I've been saying for months. Either Obama wins by a slim.margin or this will be a land slide victory for Romney.

he needs MONEY and some serious positive trending in the swing states where he's trailing badly.

When do the September donor numbers come out?
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 08:01:48 PM
he needs MONEY and some serious positive trending in the swing states where he's trailing badly.

When do the September donor numbers come out?

Romney is trending up in rge swing states.   
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 08:10:25 PM
Romney is trending up in rge swing states.   

excellent news.  how much, and in which states?  when does the $ numbers come out?
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 08:11:10 PM
excellent news.  how much, and in which states?  when does the $ numbers come out?

Go to RCP
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 08:25:20 PM
Go to RCP

RCP contains tends of thousands of polls.  Surely you remember the ones you read today showing Romney taking leads in swing states.

Link please
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 08:25:50 PM
RCP contains tends of thousands of polls.  Surely you remember the ones you read today showing Romney taking leads in swing states.

Link please

RAS. 
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 08:33:36 PM
RAS. 

Oh, you are unable to find them on the original website you recommended, so you have another link?

ok nevermind
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: Soul Crusher on October 05, 2012, 08:34:09 PM
Oh, you are unable to find them on the original website you recommended, so you have another link?

ok nevermind

I'm lazy. 
Title: Re: More BS from the BLS - UE dops to 7.8% w only 114k jobs? WTF!
Post by: 240 is Back on October 05, 2012, 08:41:19 PM
I'm lazy. 

 ;D