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  Topic: Unemployment drops below
8 per cent for first time in
nearly four years prompting
accusations of a fix weeks ahead
of the election
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Unemployment drops below
8 per cent for first time in
nearly four years prompting
accusations of a fix weeks ahead
of the election

Daily Mail (UK), by Toby Harnden

Original Article

Posted By:pineledger, 10/5/2012 9:40:55 AM

The national unemployment rate dropped to 7.8 per cent in September, edging below eight per cent for the first time in almost four years and handing President Barack Obama's re-election hopes a potentially major boost. (Snip)According to James Pethokoukis of the American Enterprise Institute, however, if the labour participation rate had remained at the same rate as it was when Obama took office, the unemployment rate would be 10.7 per cent. The figures immediately prompted claims of political manipulation in the wake of a poor debate performance by Obama in Denver.

Comments:
October non-surprise, according to Jack Welch.

      


Post Reply  

Reply 1 - Posted by: andyboy, 10/5/2012 9:44:28 AM     (No. 8911572)

These latest figures are a sham;
I do not trust them, Bam I Am.

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Reply 2 - Posted by: Sae4236, 10/5/2012 9:46:06 AM     (No. 8911575)

You Lie!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: pgvoisin, 10/5/2012 9:47:19 AM     (No. 8911576)

A drop of 8.1% to 7.8% with only 114,000 jobs added?

Progressive math at work!

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Reply 4 - Posted by: Wetlandz, 10/5/2012 9:50:23 AM     (No. 8911582)

I knew they had to change the narrative , we need independent verification the results are not what we're seeing

Next debate Obama is going for the jugular, mitt needs to make him look desperate and vindictive which the media hides

They are going to use 47% be ready and call Obama out on his divisive remarks

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Reply 5 - Posted by: fwipper, 10/5/2012 9:53:11 AM     (No. 8911586)

you'd have to be a blithering idiot to believe these numbers.

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Reply 6 - Posted by: pineledger, 10/5/2012 9:54:57 AM     (No. 8911588)

4, The Won is desperate and vindictive.

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Reply 7 - Posted by: happy conservative, 10/5/2012 9:57:15 AM     (No. 8911594)

Their new attack campaign is the Romney is a liar/dishonest/can't be trusted.

When will we learn that they project their ugly, putrid "values" onto us. Look at Occupy, see how they label TEA Party. Obama, see how they label Romney. The Senate, labels the House as "do nothings with no plans", they who haven't passed a budget in four years.

It's going to turn so ugly...how and why have we gotten to this point?

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Reply 8 - Posted by: afortiori, 10/5/2012 10:00:21 AM     (No. 8911603)

Although U-3 unemployment, the official number, is 7.8%, the U-6 number is still around 15%, and the gap between U-3 and U-6 has widened considerably under Obama.

If you also look at the seasonally adjusted SGS rate, that's gone way up under Obama to around 23%. That statistic for long-term discouraged workers was defined out of official existence in 1994 (under Clinton, how convenient!). Graph is at URL below:

http://www.shadowstats.com/alternate_data/unemployment-charts

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Reply 9 - Posted by: justavoter, 10/5/2012 10:02:37 AM     (No. 8911611)

There are a lot of young people out there that are fresh out of college unable to find anything but part time work if anything at all that will have a hard time believing these numbers.
Go Mitt.

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Reply 10 - Posted by: AlloySteel, 10/5/2012 10:03:43 AM     (No. 8911613)

If anybody believes this to be a real figure, I may know about some oceanfront property available in Phoenix. (Actually in Scottsdale, but close enough.)

What part of the word "HOAX" do people not understand?

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Reply 11 - Posted by: pickle1, 10/5/2012 10:03:48 AM     (No. 8911615)

Not true.

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Reply 12 - Posted by: M2, 10/5/2012 10:05:55 AM     (No. 8911623)

This is not good news for Obama because it is so easily dissected: There are millions fewer people in the entire labor force because they've lost hope of getting jobs:

...however, if the labour participation rate had remained at the same rate as it was when Obama took office, the unemployment rate would be 10.7 per cent.

So why isn't the headline, "Unemployment at 10.7% if you include people who can't get jobs and have stopped looking"?

This is too easy and far too transparent a manipulation. Obama will attempt to use this phony figure in his "I need more time" to fix this mantra.

Rush predicted that "SHAZAM!", the unemployment rate will drop to 8% or lower right before the election. As usual, he was right, and this was how this figure of 7.8% came about -- by eliminating from the work force the millions of workers now out of jobs with no hopes of getting one unless Obama is kicked out.

Ditto hiring: Employers are waiting to hire only if Obama loses. If he does lose, the economy will go bonkers UP.

As for the rest of the headline about "a fix", it sure is, but it's also easily debunked.

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   1  person like this.


   

 

B-G1


 
Reply 13 - Posted by: IGWTrust, 10/5/2012 10:13:38 AM     (No. 8911651)

Ryan myst have gis sharp pencil out. We shall learn of his calculations next week's debate.

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Reply 14 - Posted by: ilovedogs, 10/5/2012 10:16:28 AM     (No. 8911658)

I guess they really do think we are that dumb...in three months they'll adjust for accuracy and it will be much higher. I should know I'm one of those unemployed.

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Reply 15 - Posted by: ocjim, 10/5/2012 10:27:20 AM     (No. 8911690)

Pssst, Barry. Why didn't you just go ahead and jump the rate down to 5 percent and declare the economy to be booming? Actually, this is a useful report if you take it and spread it over Mo's little vegetable garden and thereby save the taxpayers a few bucks on the manure bills.

Trust is gone, Barry. Long gone for most of us. For the hold outs, the last bit of trust left the station with your 9/11/12 Benghazi disinformation campaign you waged on the American people.

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Reply 16 - Posted by: Whamdbambam, 10/5/2012 10:28:58 AM     (No. 8911694)

They'll be revised upwards "unexpectedly" somewhere around November 7.

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Reply 17 - Posted by: Nan, 10/5/2012 10:40:55 AM     (No. 8911742)

The books were cooked, no way these numbers are real.

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R_DBL_B
  


 
Reply 18 - Posted by: EQKimball, 10/5/2012 10:55:58 AM     (No. 8911798)

There are two groups of people talking about today's numbers. Those who don't believe them and those who pretend to.

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Reply 19 - Posted by: OdinsAcolyte, 10/5/2012 10:57:52 AM     (No. 8911808)

This is a lie.

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Reply 20 - Posted by: fb2002, 10/5/2012 11:00:17 AM     (No. 8911818)

Propaganda from our dear leader, zero! This is a disgraceful sham! Republicans should be investigating big brother statistics. How far are we from Nazi Germany? No source these days is beyond corruption. This is UNBELIEVABLE!

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Reply 21 - Posted by: markinalpine, 10/5/2012 11:12:00 AM     (No. 8911860)

Don't forget that when the obysmal won dropped the requirement for the unemployed to be seeking jobs, they are no longer counted as unemployed because they aren't looking for work.

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Reply 22 - Posted by: WhatMediaBias, 10/5/2012 11:19:00 AM     (No. 8911880)

And gas prices are 'officially' down, according to the Fuel Czar. Just ignore those gas station signs.

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Reply 23 - Posted by: sgtfox of the jarhead clan, 10/5/2012 11:53:50 AM     (No. 8911993)

We should call this what it is...rigging an election. Some of the top liars and number manipulators should see some jail time. Less senior larval stage liars might re-think their little scam if it were a felony

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Reply 24 - Posted by: bobgray2, 10/5/2012 12:07:10 PM     (No. 8912035)

The 0bama cartel (I can't bring myself to call them an administration) have been taking lessons from Hugo Chavez on how to "win" an election.

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Reply 25 - Posted by: Conservativegirl, 10/5/2012 12:15:58 PM     (No. 8912052)

#3 is spot on. Given the current unemployment totals, to generate a drop of .3% in one month would have required the addition of 1,000,000 jobs! Unashamed effin' liars to the max.


Girl's Hubby

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Reply 26 - Posted by: oh-heck, 10/5/2012 1:03:59 PM     (No. 8912203)

Time to show the math.

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Reply 27 - Posted by: mickturn, 10/5/2012 2:10:02 PM     (No. 8912377)

Rigged numbers...no doubt.

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