The New Jobs Numbers are FUDGED!

They ignore Q27 unemployment, the only unemployment statistic that actually matters.

I suspect that the administration is bribing Bureau of Labor Statistics with SEX HOOKERS.

<fingers in ears> Lalalalalala in can't hear you.

I absolutely believe you but would like to have the facts for future reference.

It's getting ridiculous out there.

I just heard on the Bill Maher show that 53 percent of Americans can't name the Vice President of the
United States.

They think they can get away with lies like these employment statistics, because more than half of the country are is a contingent
of slobbering idiots.

The rest of us can only roll our eyes at the statistic twisting.

BTW hey tea baggers the stimulus worked

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What a crock of utter shit.

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Came over here just to see the reaction and took .1 seconds to find this thread.

:P

I heard Thom mention that real unemployment was around 15%

Just 64.2 percent of adults are either in the work force, or looking for a job; that’s the lowest labor participation rate in a quarter century.

Many Americans had given up on finding work in this most terrible of economies, and survive on a spouse’s salary or savings. And they wait and hope for an upturn. “The unemployment rate may go up, but the bad news will be the good news,” Ms. Shierholz said. “It will mean people feel better about getting back into the economy.”

The larger question is what the medium-term future augurs. Will the job force continue to expand through the spring, and perhaps start to add jobs with enough vigor — 300,000 a month, say — to substantially reduce the unemployment rate? As Ms. Shierholz notes, if the economy adds 200,000 jobs a month, it will be 2019 before it reaches the same employment rate as before the Great Recession started. (Since the recession began in December 2007, the economy has shed more than seven million jobs).

http://www.nytimes.com/2011/04/02/business/economy/02jobs.html?_r=2&hp

from 58.4% to 58.5%. The lowest (since 1977) was 58.2 in Dec 2009 and Nov 2010.

Note too, that while the LF participation rate of 64.3 is the lowest since 1984, that was the highest it had ever been at the time.

What's the definition and what makes it "real?" The US, ILO, EU, and pretty much the majority of the world defines it as not working but looking for work (currently usually meaning "in the last 4 weeks")

Everyone I've ever heard claiming "real unemployment" is basically just trying to include people who aren't actually trying to work, sometimes even including people in jail, and also often including people who are working, just not as many hours as they would like.

The real unemployment rate? 16.6%
The Labor Department's statistics don't include the underemployed and those who have stopped looking for work. This alternative measure creates a much higher number.

By Mary Engel
MSN Money
It's bad enough that the nation's jobless rate is 9.7%. But the real national employment rate is even higher than the U.S. Department of Labor's May figure shows.

The official unemployment index, based on a monthly survey of sample households, counts only people who reported looking for work in the past four weeks. It doesn't account for part-time workers who want to work more hours but can't, given the tight job market. And it doesn't include those who have given up trying to find work.

When the underemployed and the discouraged are added to the numbers, the unemployment rate rises to 16.6%. The Bureau of Labor Statistics, a unit of the Labor Department, began tracking this alternative measure -- known as the U-6 for its department classification -- in 1995 after economists lobbied for a method comparable to the way Japan, Canada and Western Europe count their unemployed.

http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx

My question was what makes that more "real?" Do you seriously think including people WHO ARE WORKING as unemployed is a more real definition of UNemployment?????

And why is adding people NOT TRYING TO GET A JOB as unemployed more "real?" Who defines real? God?

And your article is old. The U-6 has gone down to 15.7%

The Q27 statistic counts ANIMAL UNEMPLOYMENT too, and is the most realistic depiction of unemployment out there, pegging the number at a staggering 99.9%.

Shame on Obama for these fudged numbers.

I thought there was a healthy market for their skills among the PL; they always seem to be looking for one.

the numbers arent fudged,they have been calculated the same way for years..
and if you look at u6,which counts underemplyed and not looking for a job due to economic reasons it has fallen by 1.3% since november..
and most economists look at non farm payrolls which show that the economy has create dover 500k job in the first 3 months of this year

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deosnt live in the real world. the fact is a Far left candidate will never get elected in america.. Listening to some of them reminds me of the lunatics on the far right. they dont realize that as a whole america is pretty moderate. They put for the the idea of a kucinich or a sanders as a viable presidential candidate but dont realize that that would be as bad for the left as a palin or bachman would be for the right.
how many states did mcgovern win in 72? and a far left candidate today would win even less

and I didn't even have to go down half the page on the latest to find one of these.

I look at this as a campaign maneuver. Propaganda. The ultimate goal of a 7.5-7.7% unemployment number that can be repeated over and over. What I will find interesting is if this prevents another round of qualitative easing by the fed or are the banks now conditioned to the large free chunks of damp inked moola churning through their coffers a la the magic of logarithms. One thing for sure, us boots on the ground will continue to be squeezed by inflation. (Of course we will be given faux rates of inflation as the government will be thrilled to inflationize their obligations away). Meanwhile we will be sacrificing things like social security, healthcare, heat, food, education.


According a real time labor indicator called 'SS taxes', SS taxes down y/y -4.7% see http://cbo.gov/ftpdocs/120xx/doc12088/MBR_March_2011.pdf
SS taxes were cut starting jan 2011, but it was only reduction of ~2% out of ~16%.


SO QUESTION IS HOW IT IS POSSIBLE TO HAVE NOMINAL WAGES UP by Bureau of Economic Analysis/National Bureau of Economic Research and number jobs up by Bureau of Labor Statistics.. but aggregate Social Security taxes that being paid for each legally worker are down y/y..only explanation that salaries of new workers are way less than laid off workers. But number of jobs dont indicate anything. Aggregate demand /salaries is everything; so no matter how much shitty jobs are being made....

If aggregate salaries are down,that means

NO JOB CREATION, NO INCOME , NO DEMAND... NO GDP GROWTH.

THINK ABOUT IT

"NFP at 216,000" = Bullshit

March update:
Civilian noninstitutional population: 239.0 million;
Civillian labor force: 153,406,
Employed 139,864,
Unemployed 13,542.
Americans not in Labor Force: 85,594.

Which means that the Labor Force Participation rate continues to be at a 25 year low of 64.2%. And Birth/Death rate adds another 117,000.

Over the last 12 months the population grew by an average 153,000 per month....employment grew on average 76,000 per month.....the labor force declined an average 41,000 per month.....not in the labor force increase by 194,000 per month.

Statistics are often used like a drunk uses a lamp post-- more for support than illumination.

The measure of unemployment that is usually used to report on unemployment is the same as it has always been. And as of March, it is 8.8%.

Those who scream about other measures of unemployment ONLY scream when this particular measure moves in a direction that they don't like. Drives them crazy.

It counts animal unemployment.

Do you know how many animals are unemployed? The number is jaw dropping.

I will never vote for Obama again.

When you observe 60,000 households every month and consistently ask them the same questions without bias, then let us know.

So it is isn't unfair to suggest these numbers are a hell of a lot higher. They also don't count 99ers, no?

I for one welcome our Q27 overlords.

Underwarter castle maintenance work is really dowm in the local bowl.

you would be doomy and gloomy too.

When your stomach isn't rumbling.

it's easiest to laugh when your stomach is rumbling, because when your stomach is full, there is downward pressure on your diaphragm forcing the muscles to bear extra load, resulting in shorter, less hearty laughter.

is how to make a delicious apple turnover from scratch. And to be fair I don't think anyone expected the numbers to tell us that.