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Does anyone else believe the March payroll numbers are a bit faked?

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 11:21 AM
Original message
Does anyone else believe the March payroll numbers are a bit faked?
Does anyone else believe the March payroll numbers are a bit faked?

Granted I once ran an International Corp’s US Tax office, so I know what “could” be done under the US common paymaster rules; so perhaps I suspect these folks of actually doing such because I assume GOP control extends to IRS enforcement of the rules.

In any case, payroll increases from moving Iraq jobs to a US common paymaster – nah – far fetched.

How about an arbitrary look back and find new consultants effort for a one time kick?

Maybe new seasonal adjustments that do not reflect hiring of agricultural workers, and other outdoor jobs like landscaping, construction, recreation departments, zoos at this point in those new seasonal adjustments? Perhaps illegal folks going on the payroll under fake SS#, replacing cash paid out to “consultants"? Perhaps we are only counting the first 30 day “guarantee” payroll payment to new commission-based sales jobs – giving us a "professional-and-business-services industry" jobs kick?

Now 308,000 new jobs in March is 513,000 new jobs since the beginning of the year. 759,000 since last August, with the manufacturing sector did not lose jobs for the first time in 43 months, but how do we explain a Jobs increase but hours work decrease –“Despite the increase in jobs, hours worked in the economy fell by 0.1 percent. The average workweek also fell by a tenth of an hour to 33.7 hours. Hours worked in the manufacturing fell 0.3 percent, with a drop of 0.1 percentage points in the average workweek to 40.9."

Does it bother anyone that Cheney locked down the numbers 4 days ago for his speech on the economic situation speech he is giving this noon? Or that secrets on Wall Street included a 250,000 to 300,000 number last Friday? Indeed I was amazed that Bond selling was held back to 2 minutes before today’s release- for Wall Street that is pretty close to honoring a promise to keep a secret!

http://money.cnn.com /
http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm...
http://www.bls.gov/news.release/empsit.nr0.htm
http://www.bls.gov/cps /
http://www.economist.com/world/na/displayStory.cfm?story_id=2553350
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caduceus Donating Member (119 posts) Send PM | Profile | Ignore Fri Apr-02-04 11:25 AM
Response to Original message
1. See my recent post for an explanation...
"The number of people who worked part time...rose to 4.7 million in March"

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x459588

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 11:32 AM
Response to Reply #1
2. I forgot to include that interesting bit - 300000 increase in "part time"
"Jobless workers are increasingly accepting part-time work. The number of people who worked part time for economic reasons rose to 4.7 million in March, up from 4.4 million the previous month.

http://www.msnbc.msn.com/id/4652107 /

This represents an increase of 300,000 part-time jobs from the previous month. Each one of those jobs (even if one person has 3 part-time jobs) is counted as an increase in the Non-farm payroll jobs and is included in the March labor statistics of 308,000 new non-farm payroll jobs

Indeed the "attached to the workforce numbers" were of interest!

I suspect things actually got worse in March - will not be revise in April - but will be revised in June - 'cause who pays attention in June?

Indeed first impressions is the Rove game and his reason for blowing over 40 million in ads last month. And our media goes along!

Indeed I was laughing this morning at CNN/MSNBC/CNBC and the rest over my prediction of a few days ago coming true.

Every Bush ad gets free airtime in our media 10 to 20 times, so they can discuss.

But todays Kerry ad got - as I predicted - 5 seconds with voice over!

Our left leaning fair and balanced media - I wish GOP control was confined to Fox but it is not.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 11:54 AM
Response to Reply #2
5. That's IT, Papau!
I hadn't put the two numbers together. The increase is ALL in part-time work.

And keep in mind that the economy is benefitting from the massvie fiscal stimulus of the $500B defecit. That really puts it in perspective.
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kalian Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 06:52 PM
Response to Reply #2
9. Good catch....
Its amazing how we can "miss" the numbers when they're buried in
spin.
What's more, 759K jobs in 7 months isn't all that grand either
given that it breaks down to about 100K per month (roughly). For a
"robust" job market we should be seeing 300K PER MONTH in order to
revamp this failed economy.

Something VERY fishy is going on with these numbers.
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drthais Donating Member (771 posts) Send PM | Profile | Ignore Fri Apr-02-04 11:44 AM
Response to Original message
3. well, in My opinion
many of those counted
are probably McDonalds type jobs
not living wage jobs by any stretch

and remember when they were going to count those
as new manufacturing jobs?

yes, the 'part-time' scenario is probably the heart of it.

I think the numbers should be divided
between full-time, part-time
and how many are minimum wage jobs in any case
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Sulldogg Donating Member (219 posts) Send PM | Profile | Ignore Fri Apr-02-04 11:47 AM
Response to Reply #3
4. truth be told
they were never going to count the McD's jobs as manufacturing, it was merely therte attempt to discredit the payroll numbers.
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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 01:04 PM
Response to Original message
6. Yep, it's all pretty fishy to me. If there's been some monkey business
going on, the truth will probably not make front page headlines and in the mean time Shrub can go on touting how his economic policies are working. He'll be able to apply even more pressure on Congress to push forward his agenda.
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seasat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 01:06 PM
Response to Original message
7. I mentioned this in the LBN thread
A lot of the job growth was in construction related fields. The growth in those fields are fueled by low interest rates. The job numbers have caused a selloff in treasuries increasing the interest rate. Since treasury rates influence cosumer lending rates, there may be a decline in construction and refinancing that will make the jobs gains temporary.
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Steven_S Donating Member (810 posts) Send PM | Profile | Ignore Fri Apr-02-04 06:33 PM
Response to Original message
8. There is no reason to believe the numbers...
They may be correct. They may be a combination of PT work and seasonal employment. But the criminals in control have absolutely no credibility. None.

They have lied when they didn't have to. Why would they not lie now?
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LeftCoast Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-04 06:57 PM
Response to Original message
10. On NPR this morning
Edited on Fri Apr-02-04 06:57 PM by LeftCoast
I *thought* they said that in a footnote(of the report), it explained that something like 72,000 of the 308K were workers coming back on the job from the SoCal supermarket strike. If I heard that correctly, that 308k isn't *really* 308k.
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