Creative math in jobs numbers

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Feb 9, 2014.

  1. g8orbill
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    g8orbill Gators VIP Member

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    why do we do this crap?

    From the article:

    http://finance.townhall.com/columnists/johnransom/2014/02/08/
    If you don’t have job creation, apparently, you can just create jobs arithmetically and then hide them in a footnote to a revision*.

    I knew immediately upon seeing the labor force participation rate creep up (from 62.8 percent to 63 percent), while unemployment crept down (from 6.7 percent to 6.6 percent) that there was a BIG revision somewhere to the jobs numbers.

    “The total nonfarm employment level for March 2013 was revised upward by 369,000 (+347,000 on a not seasonally adjusted basis, or 0.3 percent),” says the
    BLS in the situation report.

    And none of this stops the mainstream media for saying that unemployment has reached a new five-year low.

    “Despite last month's sluggish job growth,” says the LATimes, “the nation’s unemployment rate again edged lower, to 6.6% in January from 6.7% in December! That is the lowest since October 2008!! The jobless figure has dropped sharply since October when it was 7.2%!!!”**
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  2. gatordowneast
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    gatordowneast Well-Known Member

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    Anyone in the working world outside of metro DC knows the economy remains sluggish and in some rural areas is more like a depression. The media folks know in their hearts, this is the case from watching their coworkers get $hit canned weekly. Virtually all media companies whether print or broadcast are under financial pressure. But they are liberals and cannot admit the truth.
  3. rivergator
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    rivergator Well-Known Member

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    Aren't those types of adjustments made all the time? And why would adjusting the March 2013 numbers push the January 2014 unemployment figures down?
  4. gatordowneast
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    gatordowneast Well-Known Member

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    At no time in recent history after recessions have we had the "drop out" numbers from discouraged workers that we have under Obama. But everything is wonderful. Just ask Baghdad Jay.
  5. rivergator
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    rivergator Well-Known Member

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    That has nothing to do with the claim that the administration is cooking the books by revising year-old numbers upward.
  6. dangolegators
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    dangolegators Well-Known Member

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    It's hardly a footnote. The report spends 5 full paragraphs explaining the revision and also includes a table showing the differences. Revisions like this are made yearly. But the regressives have an interest in seeing the economy do poorly. Thus they question any good reports as 'fixed', but hold up any bad reports as the ultimate truth.
  7. gatordowneast
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    gatordowneast Well-Known Member

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    That is not the point. The point is that there is no way in hell the "real" unemployment rate is in the 6.6% range. There is an army of unemployed discouraged and dejected that are on the sidelines. They've temporarily tossed in the towel. I see it weekly on resumes. People applying for jobs that haven't worked for 2, 3 and even 4 years. And does anyone really believe these people are part of the count of unemployed?

    And a big part of the problem for many of these is that the Obama administration has made it so damn easy for some people not to work. But then again, if they found a job it would likely be part time or "beneath them".
  8. gatordowneast
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    gatordowneast Well-Known Member

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    Nobody has an interest in seeing the economy do poorly. Many of us have pointed to "bogus" statistics since Obama became president. Can we really trust anything coming from this guys administration? Can we trust any information prepared by federal government workers? I'm beginning to think NOT.
  9. rivergator
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    rivergator Well-Known Member

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    What did the Obama administration do to make it so much easier not to work?
  10. asuragator
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    asuragator Well-Known Member

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    Which stats? I've seen claims about it during the election but of course there was absolutely no evidence, just squawking.
  11. rivergator
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    rivergator Well-Known Member

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    Two questions:
    Are you guys really under the impression that adjusting job numbers even a year later started with Obama?
    Second, how does adjusting March 2013 numbers up put January's unemployment stats down? I'm not saying it doesn't, I honestly don't know. Answers?
  12. asuragator
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    asuragator Well-Known Member

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    No, their illogical argument is somewhat different. They are claiming that because they alleged bogus numbers at some unspecified point in the past, this is now evidence that the numbers were manipulated. Savvy? :D
    Last edited: Feb 10, 2014
  13. ThePlayer
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    Sounds like a few folks at BLS don't wish to become part of their own statistics.
    Nothing quite like a 'transparent' Administration....is there?
  14. rivergator
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    rivergator Well-Known Member

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    which question did you answer? I can't tell.
  15. Gatorrick22
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    Gatorrick22 Well-Known Member

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    The Commies are great at lying about anything just to win a vote. See Putin and his ilk.
  16. gatordowneast
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    gatordowneast Well-Known Member

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    1. Changes in welfare/work requirement
    2. Recruited "ambassadors" to sign up people for food stamps and other federal programs (48 M now on food stamps)
    3. 13 extensions of unemployment benefits
    4. Subsidies in Obamacare and subsequent rhetoric from regime regarding freeing Americans not to have to work

    I could dig up a few more
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  17. gatordowneast
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  18. GatorBen
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    GatorBen Well-Known Member

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    If there's "tons of articles," why couldn't you find one better than a post on a blog about small government in Indiana complaining about why unemployment numbers under Obama are reported using the exact same U3 measure that they have been for everyone else too?

    The claim that they have "manipulated statistics" by not changing which unemployment measure is used as the primary reporting statistic seems a tad dubious.
    Last edited: Feb 10, 2014
  19. surfn1080
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    surfn1080 Well-Known Member

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    They are going to tell you most of those are due to the great recession even though we have been out of it years now. On top of that, all of those have expanded each year!
  20. rivergator
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    rivergator Well-Known Member

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    1. I don't think he did that.
    2. The program to encourage food stamp signups existed before Obama.
    3. Extensions are an act of Congress, aren't they? I also don't believe Obama is the first president to sign them.
    4. That theoretically could, but can't be blamed for those who have already the left the workforce.

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