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The Spectacle Blog
Methinks there will be an upward revision of September’s unemployment figures by the Bureau of Labor Statistics.
But it will take place after the election.
View all comments (11) | Leave a comment
More Blog Posts by Aaron Goldstein
http://spectator.org/blog/2012/10/05/a-thought-on-the-78-unemployme
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MyGirlFriday| 10.5.12 @ 4:16PM
In the meantime, early voting is taking place.
geronl| 10.5.12 @ 5:36PM
Total science fiction like Obama math
http://asspos.blogspot.com
Bob Grant| 10.5.12 @ 5:47PM
Obama:
"Yo. Who you gonna' believe, me or yo' empty wallet, dwindling bank account, or career prospects?"
All aspects of this man is a fraud; his history, his administration; etc.
Oldefarte| 10.7.12 @ 5:16PM
Many of us were saying that same thing......prior to 11/4/08!!!!!!!!!
Occam's Tool| 10.5.12 @ 7:11PM
Waaal, when people stop looking fer jobs, the unemployment rate goes down.
Oldefarte| 10.7.12 @ 5:15PM
It also does so when the government is unnecessarily adding employees to its ranks!!!!
JeffP| 10.6.12 @ 12:01AM
Listening to the Larry Elder radio show today when a caller identifying himself as an "economist" claimed that the HHS change to welfare work rules in July caused the sudden improvement in the unemployment rate. The caller said that previous to the change, welfare recipients had to either work or look for work, resulting in their numbers being reflected in the BLS survey. With the waivers after the change, these folks no longer have to look for work, improving the unemployment rate.
I don't know if this is true, but it sounds reasonable. Could this be Obama's "October Surprise?"
JP| 10.6.12 @ 12:21PM
The BLS Home Surevey added (for reasons not specified. I suppose their raw data will be unavailable until after Nov 6) 872,000 jobs to the September employed rolls. But, only 114,000 jobs were actually added. So the unemployment rate dropped to 7.8% based upon only a 114,000 new non-farm payrolls at a time when durable goods orders plunged (Sept durable goods orders fell 13.1%), and at a time when there were 365,000 new applications for unemployment benefits. The key is the mysterious 872,000 "newly employed".
Of course the Progressive blogesphere and MSM went apeshit. Only a few Progressive economists actually questioned the veracity of the numbers. The remainder accepted the mysterious numbers without question.
And if you thing the BLS Sept numbers were bad; wait until the end of October. As a matter of fact, get used to an "October Surprise" every day. The scuttle-butt now is that the Prez ordered Spec Ops to take out the people who attacked Benghazi.
Predicition: the night before the next Presidential Debtate, the President will announce that under his direct supervision the AQ terrorists who murdered Ambassador Stevens were "taken out" (film at 11). And an hour before the next debate, Obama will announce that he ordered that all Student Loans will be forgiven.
In the meantime, our economy probably just entered into another recession.
Alej| 10.6.12 @ 12:35PM
According to sources available to Gerri Willis (Fox), the 872,000 jobs "statistic" was extrapolated from 60,000 phone calls by the announcing agency, with an admitted margin of error of FIFTY PERCENT !
Oldefarte| 10.7.12 @ 5:11PM
Me thinks that Jack Welsh's assessment of this situation is entirely correct!!!!
Oldefarte| 10.7.12 @ 5:13PM
PS: Also left unnoticed is the fact that government employment is increasing [and therefore at taxpayers' expense....duh]!!!!!