If this unemployment data is true, I'm still not encouraged to vote for O because the dems have said very clearly that they will raise taxes on small business. That will cause unemployment to go up because it takes money away from businesses that they were trying to use to hire people. If small businesses were encouraged to hire more as the data emplies, it was because they saw a light at the end of the dark tunnel they've been in for 4 years. They saw a glimmer of hope after Romney's sound thrashing of poor little obama in the first debate. I vote for freedom. That's something the dems don't know anything about anymore. Be clear in your thinking everyone. They are marxists, socialists, communist anti-Christ heathens. I want a man to stand up and say " I am an American, a good old fashioned American". They say conservative policies will drag the nation backward. I hope so. America needs restoration.
I am not surprised by this and I do believe the 7.8% is bogus. This Administration takes corruption to a whole new level. Rat b@stards!
I sincerely feel for all the people looking for jobs, but have not been successful. obama inherited a bad economic situation, but he made it into a national disaster with his ill-advised policies. This country can't afford for him to be re-elected...he'll turn this country into a third-rate, has-been nation for sure. He's clearly the worst president in US history.
And, you and every other liberal on the planet best remember one detail. All of your liberal "altristic pursuits" are done using working class, read conservative, money.
Mike, are you seriously referring to me as a liberal? Well....Fa-Q!
When Romney and RINOs team with Dems to bury conservatives don't say I didn't tell you so.
If someone tries to rob me he will certainly end up dead. that is precisely what your marxist in chief is doing.
My President? If you mean he's the President of the country I live in then yes but I don't vote for progressives myself.
Allen West had a little something to say about this earlier. Needless to say he doesn't buy into the administrations unemployment shell game.
one month before election, and we are told to believe the unemployment rate dropped. lol lol lol .
lets talk about the underemployed. they just gave amnesty to a bunch of undeserving illegals, so how can unemployment be down. this administration is full of lies. myself never bought into the 9% unemployment. its much higher.
You all realize the dates of these reports are set months in advance. If you are going to fudge the numbers for early voting you would fix September not October. The numbers are the numbers whether you accept them or not. The math is the same every month. If the report had shown unemployment at 9 percent would it have been more accurate for you. Obviously it would have been mor satisfying.
Perhaps, you should read this article that helps to explain "the math".
The analysis of the Household Survey shows that they did indeed 'cook the books' in 2010 and 2011, just like now. The numbers are always used to gain some political advantage.
As to why they didn't do it in Sept. rather than Oct. is because that would have given too much time to rebuke the numbers and they would have to be revised before the early voting took place. You refuted your own argument on this one.
Lastly, the Household Survey has a 400,000 margin of error. How many polls would you trust that had a 50% margin of error and still be "accurate". You can argue all you want that this is Standard Operating Procedures, and I would agree that this is indeed Obama's SOP, but try to explain 'the math' before you claim the math is the same.
No matter what you proclaim, the Emporor still has no clothes.
Your argument isn't with me. It's with Keith Hall, a Bush appointee who was the commissioner of the BLS until January of this year. He said the numbers aren't cooked. Unless you want to say he was in the bag for the president also since your arcticle says the numbers were fudged in 2010 and 2011. Good luck with that.
"Your argument isn't with me. It's with Keith Hall,"
I don't want to start quoting all the people with "authority" that can back me up with this .... but, we call your nonsense a logical fallacy where I come from.
Only an opportunistic, two-bit, Obama drone would tell us with a straight face, he believes that Bush economists are now the final authority on economics......
I am howling.
You are a maroon.
Actually, you've been pretty fun to talk to. Eight comments and not a lick of facts in them. Not many people are that persistent.
You see, many here have studied Rules for Radicals and Lakoff's The Little Blue Book, so we pretty much know what path your going to take before you take it.
In an argument on economic numbers, you've been quoted with 'it's a conspiracy theory', 'need to calm down before you have a fit', 'it's Bush's fault', and 'Elvis lives here'. You left out the better rules to go by, but then maybe you're just learning.
At any rate, it's been fun.
What makes you think that I'm not calm. Is it the fact that you have no facts, but spew anyway? Hmmm...
I've already mentioned that your 'conspiracy' accusation doesn't hold water around here. If you can't run the numbers, but must insist that the final word is all there is, then you are one of the sheeple that must be guided. That's too bad. There's a place for you after the election. Hope you get there.
Listening to you talk, I now realize that you don't understand the numbers at all, do you, even after they have been layed out in front of you. That means I've just wasted my time. That, too, is a shame. Won't happen again.
First, calm down before you have a fit. If you want to believe the report is a lie that's up to you. But, if these are a lie then how can you trust any of the numbers you look at? I'm not the one claiming conspiracy. I'm not trying to convince you to believe only to realize that once you claim the conspiracy then you must question all of the reports going back for more years than this one. That would be a pretty big secret for such an inept administration to keep. Hey, anything is possible.
My argument is with you because you're blind enough to say the numbers are not fudged, and you squirm with varying reasons as to why. How can you believe that, in this extreme economic times, we would have one month of jobs growth larger than any in the last 30 years? You just don't look the facts in the face.
I look at the numbers, all the numbers. I could care less who is involved, or how many are involved, or what political party they are affiliated with. You can't hide from the truth. As a number cruncher, I don't just look at the final result and say, "Wow, we have a grand recovery going here". I look at how they could possibly get to that conclusion.
You should too.
BTW, are you sure you read the article, because it explains quite well where the numbers are derived from? You can do anything you want with a margin of error of 50%. Let's make your paycheck do the same thing and see if you squawk when it comes out 50% short and they say it's accurate.
Except they injected 875K magical unicorn phantom jobs that didn't exist previously they found from "Household Surveys"
This is Soviet Style Propaganda
GDP was revised DOWN to 1.3%. How the hell was there enough growth to credibly show a reduction from 8.2% - 7.8%?
The 7.8 % number is what it was on inauguration day. Big improvement huh? It's based on a phone survey of 50,000 households. You didn't know that did you?
The U6 unemployment number, the most accurate, remains unchanged at 14.7%. Also the new jobs are even less than July and August. Does that jibe better with your non-sensibilities?
Actually, I did. Even if you use the U6 and go back to 2009 it shows a downward trend. So pick your poison. If u6 is accurate when the unemployment number is high and you accept the unemployment number then you logically have to accept the unemployment number when it improves.
What you fail to see is that the improvement is based mostly on people who lost high-paying full time jobs for two low-paying part-time jobs. It makes the numbers look better, but the families are still hurting. Parse the words all you want, but the policies of this administration has kept us in a slow growth recovery, just like Japan had in the '90s. This will be our "lost decade" if we don't get Obama out of there. Spin that.
Is there a credible, non-political, explanation for how 114,000 nonfarm payroll jobs created resulted in a drop in the unemployment rate from 8.1% to 7.8%? Article at RantFinance here: http://bit.ly/SBEHBK
873,000 new workers-600,000 were part time jobs. Out of those jobs, only 114k were new jobs created in September. And 800,000 people stopped looking for work. Heard this on Fox this a.m from Stuart Varney. Somebody is doing a lot of number crunching until they get the number they want. The fact that they revised July and August numbers upward helped them too. I guess they wanted to wait to see how obama did in the debate. If he did well, they would not fudge the numbers more than they already have. Done bad as he did, revise to help him. This is insane. But then the people doing these numbers no doubt are obama people.
Someone's in the kitchen with Dinah
Someone's in the kitchen I know
Someone's in the kitchen with Dinah
cookin up those ole unemployment numbers and
Strummin' on the old banjo!
Singin' fee, fie, fiddly-i-o
Fee, fie, fiddly-i-o-o-o-o
Fee, fie, fiddly-i-o
Strummin' on the old banjo.
So the numbers are cooked? Then why not cook them over the last 4 years? Why wait until now? Think of the political leverage the president could have yielded with positive employment numbers. The number is bad and you accept it. The number is good and it's a vast governmental conspiracy. You crack me up.
Obama did horrible on Wednesday night-SOMETHING had to give him a boost-so glad the Labor Dept did their best to help him! Amazing that you put more faith in coincidence than conspiracy.
Standard operating procedure - call something a conspiracy theory and you have debunked the argument. Saul Alinsky would be proud of you. We, however, are wise to the standard rules for radicals. Nice try.
Because the President realizes that a large percent of the voters dont read current events every day. BUT they do read the news/campaign issues right before an election. He knows it isnt easy to be re-elected with an unemployment rate aboe 8.0% so that was his magic number. He could post that and feel he could get away with it, even if millions of people were out of work, on food stamps, welfare, moving home to moms etc.
also, note that these numbers came out now because they know the early voting begins in some cities this week and next.
PS do your own poll Dwight, how many of your friends, relatives or neighbors are out of work, working part time or doing a job that is a hold over job until they can find one in their respective field? When I talk to those around me- its not pretty.
it is true, no many who are working 2 part time jobs at min wage to try to make up for a full time good paying job, it doesn't work , but its better then nothing. underemployment is very bad, we all see it.
Exactly pljunkie, people don't need a number from the government to be convinced. People are living in despair and will vote accordingly!
This President should not be allowed to manipulate these numbers and use that as a tool to lie to the American people. He is just over the top with his deceptions. Perhaps we should call him the Deceptor-n-Chief!
Rosy numbers one month before the election? Who is really believing this malarkey? I sure am not buying it! Obama and his minions will lie and manufacture everything they can to try and win this election. The bottom line is that there are more people suckling on the Government Teat than ever before in the history of our country. How is this a good thing?
I truely believe the jobs number report is clearly bogus, and this is a non partisan opinion. Why am I still feeling a little depressed and down from these bogus job numbers, I'm terrified that he might get another four years, Romney is now backing away from his 47% mark which makes him look really bad, some one please enlighten me!!! :(
'We created fewer jobs in September than in August, and fewer jobs in August than in July' - Romney
This is what will resonate with voters. All the numbers just make people nauseated and they turn away. You can't spin jobs numbers getting smaller as a good economic indicator, no matter how much you fluff it up or hide the facts.
Plus, all those people who were forced to take part-time jobs after losing full-time jobs aren't going to be very happy to know that their actions are touted by Obama as a good thing.
The people will decide in November and it ain't gonna be pretty.
The Unemployment rate dipped to 7.8% for 1 reason. Romney mentioned it's been over 8% for O's entire presidency. Because O was called out, they had to fudge the numbers.
Why is it when the unemployment number is high it's accurate yet when it show improvement it's bogus? You can't have it both ways. You have to accept it when it's bad and when it's good otherwise you are only deceiving yourself.
First of all jobs numbers are like polls. There is a 100,000+/- margin of error in the numbers. That in itself makes it bogus.
Secondly, the government itself says the actual unemployed number is 23 million while the "official" number is 12 million. What opinion do you think those other 11 million have? The U6 number is 14.7%, while the U3 number (7.8%) counts people who where forced to take parttime, low-wage jobs in place of their full-time, higher-wage jobs and it still lowers the unemployment rate.
Bogus? It's all bogus.
It's the same measurement republican politicians use. Whether you agree or not it's the standard measurement. Just because you don't like them it doesn't Change that fact.
Just because you say it's standard operating procedure, doesn't mean it's anywhere near the truth, either. It's high time the truth was heard and the politicians, on both sides, stopped this game of lying to get ahead. It's people who accept this behavior that have allowed it to continue.
Don't you find the timing just a little suspicious? NObama falls totally flat in the debate and loses ground. The MSM need a new "story" to run with because they don't want to run with "NObama proves he is a loser in debate" so they manufacture some "good news" and all in time for the election too! How sweet is that, eh?
If these numbers were TRUTHFUL we would be rejoicing. But, honestly, when unemployment drops because government payrolls increase 45,000 in August and an additional 10,000 in September, you know the books are cooked. How do those government employees get paid, TAX DOLLARS.
8.3% wasn't accurate either, it's more like 11%-14% truth be told. The fix was and is in to manipulate the numbers. See how often they are "revised" later and that bit is not reported in the MSM. So they'll run all day with this new fictional unemployment number and facts be damned!
This is garbage, absolute garbage. Do you mean to tell me that, now, Showbama gets credit for errors made in previous months, those additions simply get tacked on to week?
obama encouraged people to stop looking for jobs........read that again, ENCOURAGED PEOPLE TO STOP LOOKING.......... know why? because then the "unemployment" number (which is based on how many people are looking for jobs) looks better.
it's another obama lie.
Nice try Obama, I hope the latest crook chicago style stunt will be seen for what it is and it further shows how corrupt this administration is.
Ok, I woke this morning to gas prices in California sky rocketing to an average of $4.52 a gallon up .19 cents OVER NIGHT. Now an obvious manipulation of the unemployment rates, can anyone say "October surprise"? I'm posting this entire article because it needs to be read. Take note of these important details:
*Unemployment rate now where it was when Obama took office. (If that's the case he FAILED, America)
*Payrolls revised to show 86,000 jobs created (manipulated)
*$40 billion worth of mortgage-backed securities each month until it sees a sustained turnaround in employment. (making money)
*Temporary help jobs fell 2,000 (maybe because everyone has filled those jobs while waiting for a full time opportunity)
*Government payrolls rose 10,000 after increasing by 45,000 in August. (lets not forget, these are GOVERNMENT employees. As far as I know the government does not produce any products so these people will be paid with higher tax rates on you and me. Obama couldn't create private sector jobs because he chose to regulate. So, he inflates his numbers with govt. payroll numbers.)
Wake up, America, we're being conned!
Jobless rate tumbles to near four-year low
WASHINGTON (Reuters) - The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.
The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest point since January 2009 as employers added 114,000 workers to their payrolls.
The drop in the unemployment rate reflected an even bigger surge in new jobs captured by a survey of households and came even as Americans returned to the labor force to resume the hunt for work. The workforce had shrank in the prior two months.
Payrolls for July and August were revised to show 86,000 more jobs created than previous reported, mostly to reflect increases in government employment.
The jobless rate is now where it was when Obama took office in January 2009. Household employment increased 873,000, the most since June 1983, according to the household survey. The bulk of the gains were part-time jobs.
"There is something in these numbers for everyone. The rise in the participation rate shows somewhat of a real improvement in the labor market," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.
U.S. stock index futures rose on the report, while prices for Treasury debt tumbled. The dollar rose versus the yen and the euro.
It was the second last report before the November 6 election that pits Obama against Republican Mitt Romney.
A Reuters/Ipsos poll released on Thursday after Wednesday's first presidential debate showed Romney gained ground and is now viewed positively by 51 percent of voters. Obama's favorability rating remained unchanged at 56 percent.
Persistently poor labor market conditions led the Federal Reserve in September to announce a plan to buy $40 billion worth of mortgage-backed securities each month until it sees a sustained turnaround in employment.
The central bank, which also pledged to keep overnight lending rates near zero until at least mid-2015, hopes the purchases drive down long-term borrowing costs and spur the recovery.
The Fed's ultra-easy stance has started to free up credit, giving a lift to consumers, economists said. That, in turn, helped lift retail hiring in September.
Temporary help jobs, which are often seen as a harbinger for permanent hiring, fell 2,000 after being almost flat in August.
Manufacturing payrolls fell for a second straight month.
Construction employment rose 5,000, benefiting from the rise in home construction, as demand for housing rises against the backdrop of record low mortgage rates
Government payrolls rose 10,000 after increasing 45,000 in August. Average hourly earnings rose 7 cents last month, which could support spending.
(Reporting by Lucia Mutikani; Additional reporting by Julie Haviv in New York; Editing by Andrea Ricci)