Midknight Review -- new and revised: Unemployment down to 8.5% -- More smoke and mirrors ? We think so.

Update: October's unemployment number was 9.0%.



 Since then, the unemployment rate has fallen a half percentage point,
down to 8.5%.  Problem:  a tenth of a percent move represents 153,000  workers going back to work or a total of 765,000 for the November/December period.
 Understand  that the Department of Labor reported only 320,000 jobs
for that same period. 

Something is very wrong with this report. 

You should know that the workforce is shrinking, down more
than 13 million since 2005; down 50,000 just last month.  Of course,
 these people did not just "go away."  They are waiting for
better times.  Smoke and mirrors, folks.  Up until October,  the
reporting numbers were straight forward and consistent.  I had no
problems in my "check and double check" assignments.   Since
then,  nothing has added up.  So, I will continue to track this
issue. Refer to our Labor Stats page for more information.  You can do your own research with these numbers.  


Update:

Reuters
gives us a revised number for November. 
I have complained about the 8.6% total, 
a drop of an unbelievable four tenths of a percent in a single
month.  When I added in all the numbers
this total represented,  I was 143,000
jobs short.  Turns out I was right and
the November percentage has been revised to 8.7%.  

The 8.5% ? That number is
closer to 8.6 but "rounding down" 
gets the Feds to the lower number.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

2 comments:

AnonymousJanuary 6, 2012 at 11:40 AM
smithson wants America to fail, the economy to remain bad. His hate for Obama is more important than the well being of our nation.

Such the patriot he is.

not
John SmithsonJanuary 7, 2012 at 12:26 AM
Obama is our first benevolent dictator, de facto. Others call him our first "imperial president." However you frame his M.O., he is a menace to our Constructional form of governance and that is a something far beyond debate, at this point in time.

You are right, Slick. I hate his agenda . . . . thoroughly hate it.