The October Surprise - The American Spectator | USA News and Politics
The October Surprise
by

I was stunned into silence by this morning’s ridiculous unemployment report, showing a magical drop in the unemployment rate from 8.1% to 7.8% despite not one single other economic or employment indictator suggesting that such a gain was possible.

My (anonymous) friends at Colorado Peak Politics have a good short note on this morning’s report as I’m just too angry at the report — and reconsidering my prior statement that it’s probably not being manipulated — to write my own note other than this one…

https://coloradopeakpolitics.com/2012/10/05/october-surprise-unemployment-rate-tumbles-amid-questions/

Economist (and my friend) Brian Wesbury goes somewhat deeper into the numbers, noting “the huge rise in civilian employment was goosed by part-timers, with a 322,000 overall gain and a 582,000 increase for those working part-time for economic reasons.”

https://www.ftportfolios.com/Commentary/EconomicResearch/2012/10/5/non-farm-payrolls-increased-114,000-in-september,-unemployment-rate-falls-to-7.8percent

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