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Old 10-05-2012, 09:17 AM   Topic Starter
Chiefshrink Chiefshrink is offline
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Obama's October surprise !!!!

7.8% unemployment rate

No wonder he doesn't have to do well in these debates
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Old 10-05-2012, 09:23 AM   #2
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Hey what does OMarxist's birth certificate and the unemployment rate have in common ?????
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Old 10-05-2012, 10:28 AM   #3
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Over 1.5 Million new unemployment claims last month. 113,000 new jobs added to private sector last month. 7.8% unemployment. As Obuma would say "It's Arithmetic"
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Old 10-05-2012, 11:25 AM   #4
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Quote:
Originally Posted by redsurfer11 View Post
Over 1.5 Million new unemployment claims last month. 113,000 new jobs added to private sector last month. 7.8% unemployment. As Obuma would say "It's Arithmetic"
a) The unemployment rate and jobs numbers come from 2 different sources and can be somewhat contradictory.

b) July and August jobs were revised upward by about 90K.
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Old 10-08-2012, 01:37 PM   #5
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Originally Posted by redsurfer11 View Post
Over 1.5 Million new unemployment claims last month. 113,000 new jobs added to private sector last month. 7.8% unemployment. As Obuma would say "It's Arithmetic"
Just ask Bill Clinton.
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Old 10-07-2012, 08:01 PM   #6
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Hey what does OMarxist's birth certificate and the unemployment rate have in common ?????
both as a problem are a tea bagger fantasy?
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Old 10-05-2012, 10:22 AM   #7
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Unbelievable.

Economists had predicted the number of jobs that would be added in September almost exactly - and it was not even enough to keep up with population increase. They also predicted that such a low figure would cause unemployment to rise to 8.2%.

Incredibly, the figure fell 0.3%, MEANING ALL THESE EXPERTS WERE WRONG BY 0.4%...

Has the prediction for a single month ever been wrong by that much, especially when they were so close to the exact figure for jobs added?

This has crossed over from being incredulous to frightening. This government controls much of the information being released to us, and their fawning puppets in the mainstream media are more than eager to play along.
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Old 10-05-2012, 10:23 AM   #8
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Old 10-05-2012, 10:24 AM   #9
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Old 10-05-2012, 10:28 AM   #10
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The employment data was too much for some people to take in. Former General Electric CEO Jack Welch tweeted: "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers." I'm not sure that kind of carefully considered opinion will burnish his reputation as a business leader
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Old 10-05-2012, 10:51 AM   #11
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Originally Posted by King_Chief_Fan View Post
The employment data was too much for some people to take in. Former General Electric CEO Jack Welch tweeted: "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers." I'm not sure that kind of carefully considered opinion will burnish his reputation as a business leader
.
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Old 10-05-2012, 10:57 AM   #12
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.
http://money.cnn.com/2012/10/05/news...ployment-rate/

Jack Welch: Unemployment rate cooked
By Chris Isidore @CNNMoney October 5, 2012: 11:33 AM ET

NEW YORK (CNNMoney) -- The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Welch, the former CEO of General Electric (GE, Fortune 500).

The unemployment rate fell to 7.8% in September, down from 8.1% a month earlier. The drop was due to the Bureau of Labor Statistics' survey of households showing that 873,000 more people had jobs than in the previous month. That was the biggest one-month gain in more than nine years.
Welch wasn't alone in raising questions about the jobs numbers. Americans for Limited Government, a conservative group that has been a steady critic of the Obama administration, issued a statement that said the numbers the Bureau of Labor Statistics "used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious...Anyone who takes this unemployment report serious is either naive or a paid Obama campaign adviser."

Conn Carroll, a senior writer at the conservative Washington Examiner suggested a slightly less nefarious form of manipulation of the data.
"I don't think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect," he tweeted. "Would love to see the partisan breakdown of the 873,000 Americans who say they got new jobs."

BLS denied there was any manipulation of the data or anything out of the ordinary about the unemployment rate calculation.

"No political appointee is involved in the collecting, processing and analyzing of the data," said Thomas Nardone, the associate commissioner for employment and unemployment statistics. He said the Council of Economic Advisers doesn't get the numbers until Thursday afternoon, and that the Secretary of Labor herself doesn't see them until Friday morning.
Related: GE's Immelt - U.S. starved for investment
Even some conservative economists defended the BLS's integrity and legitimacy of the numbers.

"The jobs #'s may look fishy to some, but if you step back, it's just a plow horse economy lumbering along," tweeted Brian Wesbury, chief economist at First Trust.
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Old 10-05-2012, 01:35 PM   #13
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NEW YORK (CNNMoney) -- The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Welch, the former CEO of General Electric (GE, Fortune 500).

The unemployment rate fell to 7.8% in September, down from 8.1% a month earlier. The drop was due to the Bureau of Labor Statistics' survey of households showing that 873,000 more people had jobs than in the previous month. That was the biggest one-month gain in more than nine years.
Since when is this an "official" metric? Oh, it added nearly one million jobs. The dumbasses gobble this BS up instead of looking at total employment.

The markets don't believe this BS either.
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Old 10-05-2012, 12:32 PM   #14
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Originally Posted by King_Chief_Fan View Post
The employment data was too much for some people to take in. Former General Electric CEO Jack Welch tweeted: "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers." I'm not sure that kind of carefully considered opinion will burnish his reputation as a business leader
I was waiting for someone to quote this. The BLS doesn't cook the books. Jack Welch on the other hand did.
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Old 10-05-2012, 12:36 PM   #15
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I was waiting for someone to quote this. The BLS doesn't cook the books. Jack Welch on the other hand did.
well if anyone who knows it when he sees it...let him speak up
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