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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.


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

You Lie!


   

 

  


 
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!


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


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.


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

4, The Won is desperate and vindictive.


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?


   

 

  


 
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


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.


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?


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

Not true.


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.


   

 



 
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.


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.


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.


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

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


Reply 17 - Posted by: sickened, 10/5/2012 10:31:32 AM     (No. 8911712)

The BLS uses two employment surveys, the establishment survey, which tracks employment reported by business, and the household survey, which tracks employment reported by individuals in a telephone survey. It's common for them to be very different in a month, but they typically trend together. This month's gap, though, is ridiculous. The employment survey says employment is up 115K jobs. The household survey says it's up 873K jobs. Unemployment--now "down" to 7.8% just in time for the election--is based on the household survey. Looks very suspicious.


   

 

  


 
Reply 18 - Posted by: Nan, 10/5/2012 10:40:55 AM     (No. 8911742)

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


Reply 19 - 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.


Reply 20 - Posted by: OdinsAcolyte, 10/5/2012 10:57:52 AM     (No. 8911808)

This is a lie.


Reply 21 - 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!


Reply 22 - 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.


   

 



 
Reply 23 - 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.


Reply 24 - 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


Reply 25 - 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.


Reply 26 - 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


Reply 27 - Posted by: oh-heck, 10/5/2012 1:03:59 PM     (No. 8912203)

Time to show the math.


Reply 28 - Posted by: mickturn, 10/5/2012 2:10:02 PM     (No. 8912377)

Rigged numbers...no doubt.



Post Reply   Close thread 705145




Below, you will find ...

Most Recent Articles posted by "pineledger"

and

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Most Recent Articles posted by "pineledger"



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Posted By: pineledger- 4/8/2013 8:30:22 AM     Post Reply
Last month, the Supreme Court decided to allow the importation and resale of foreign editions of American works, which are often cheaper than domestic editions. Until now, courts have forbidden such activity as a violation of copyright. Not only does this ruling open the gates to a surge in cheap imports, but since they will be sold in a secondary market, authors won’t get royalties. (Snip)But it is the latest example of how the global electronic marketplace is rapidly depleting authors’ income streams.

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Posted By: pineledger- 4/7/2013 7:43:42 AM     Post Reply
Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.

U.S. Adds Only 88,000 Jobs;
Jobless Rate Falls to 7.6%
New York Times, by Catherine Rampell    Original Article
Posted By: pineledger- 4/5/2013 9:23:27 AM     Post Reply
For the 30th straight month, the United States economy added jobs in March, albeit still at a pace too sluggish to put a big dent in the backlog of 11.7 million idle workers. The nation’s employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday. The unemployment rate, which comes from a different survey, ticked down to 7.6 percent from 7.7 percent. The slight decrease in the unemployment rate occurred not because more unemployed people got jobs,

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Posted By: pineledger- 4/4/2013 8:54:41 AM     Post Reply
Tokyo—The Bank of Japan [8301.JA +4.83%] is pulling out all the stops to get the economy out of deflation, its new governor said, after the central bank rolled out aggressive easing measures that surprised markets, pushing bond yields to an all-time low and boosting share prices. At his inaugural policy board meeting Thursday, Haruhiko Kuroda convinced the nine-member panel to agree to a major expansion of government bond purchases, including buying longer-term debt, which is designed to drive down longer-term rates. The BOJ also broke free from some self-imposed limits that the previous leadership under Masaaki Shirakawa adhered to.

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Posted By: pineledger- 4/4/2013 6:41:02 AM     Post Reply
The present darling of the right wing, Dr. Benjamin Carson, is a distinguished neurosurgeon who went from the depths of Detroit poverty to the heights of Johns Hopkins Hospital in Baltimore. But his current status among conservatives isn’t so much rooted in Carson’s redemptive rise from rags to respectability, as it is in the belief that he is, in the long winter of Obama, the one they’ve been waiting for. (Snip)He then cast himself as a victim of political correctness, besieged by white liberals — “the most racist people there are”

How the I.R.S. Hurts Mothers
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Posted By: pineledger- 4/4/2013 6:06:53 AM     Post Reply
Boston--Lost in the debate between Anne-Marie Slaughter’s chronicle of the obstacles confronting career-oriented mothers and Sheryl Sandberg’s call to “lean in” is a crucial reality: taxes. Women — no less than other humans, it turns out — can be rational economic actors. The tax code starts with a bias in favor of couples in which one partner works and one stays home. (Snip) What does is the tax code’s treatment of child care.

Did Putin Sink Cyprus?
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Posted By: pineledger- 4/3/2013 5:58:03 AM     Post Reply
Istanbul--The blue-glass skyscrapers of Moscow City — fragments of Russia’s boom-time dream — are visible from the Kremlin walls, within which there was once hope that those towers could supplant the West’s financial centers. When the sun sets behind them, you can see that many of the offices lie empty.In fact, the real hubs for Russian banking are in other countries. Moscow’s billionaires squirrel their fortunes abroad, and many businessmen register their companies as British, Dutch, Swiss or Cypriot — anything but Russian. Whistle-blowers would have us believe that even President Vladimir V. Putin stashes his money offshore.

Lines Form as Cyprus
Banks Reopen
Wall Street Journal, by Joe Parkinson    Original Article
Posted By: pineledger- 3/28/2013 7:17:05 AM     Post Reply
Nicosia, Cyprus—-Lines formed outside banks in Cyprus´s capital early Thursday, but there was little sign of panic as the island´s lenders reopened after a two-week hiatus. Small groups of depositors—mainly numbering a few dozen, mostly pensioners—pressed to enter the banks as they formally reopened at noon (1000 GMT) local time. Police officers and security guards at Bank of Cyprus in Nicosia´s old town allowed eight depositors in at one time. (Snip)Some Cypriots said they would wait until the weekend to go to the bank, fearing that a rush might topple the very banks

Europeans Planted Seeds
of Crisis in Cyprus
New York Times, by Andrew Higgins    Original Article
Posted By: pineledger- 3/27/2013 4:52:22 AM     Post Reply
Nicosia, Cyprus--When European finance chiefs explained their harsh terms for rescuing Cyprus this week, many blamed the tiny Mediterranean nation’s wayward banking practices for bringing ruin on itself. But the path that led to Cyprus’s current crisis — big banks bereft of money, a government in disarray and citizens filled with angry despair — leads back, at least in part, to a fateful decision made 17 months ago by the same guardians of financial discipline that now demand that Cyprus shape up.

Hot Money Blues
New York Times, by Paul Krugman    Original Article
Posted By: pineledger- 3/25/2013 6:55:57 AM     Post Reply
Whatever the final outcome in the Cyprus crisis — we know it’s going to be ugly; we just don’t know exactly what form the ugliness will take — one thing seems certain: for the time being, and probably for years to come, the island nation will have to maintain fairly draconian controls on the movement of capital in and out of the country. In fact, controls may well be in place by the time you read this. And that’s not all: Depending on exactly how this plays out, Cypriot capital controls may well have the blessing

Cyprus Postpones Debate
on Deposit-Tax Proposal
Wall Street Journal, by Jenny Paris and Matina Stevis    Original Article
Posted By: pineledger- 3/18/2013 8:47:25 AM     Post Reply
Cyprus postponed for yet another day an emergency parliamentary session to discuss a bailout plan that will see the country´s bank depositors share part of the burden, the house speaker said Monday. The Cypriot parliament is now scheduled to meet Tuesday at 1600 GMT, house speaker Yannakis Omirou told reporters. The parliament had been due to meet Monday at 1400 GMT as the government sought to push the levy through parliament before banks reopened Tuesday after a three-day bank holiday. The vote delay means that the bank holiday will likely be extended for at least another day.

Young Adults Retreat
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Posted By: pineledger- 3/5/2013 6:40:38 AM     Post Reply
Young people are racking up larger amounts of student debt than ever before, but fresh data suggest they are becoming warier of borrowing in general: Total debt among young adults dropped in the last decade to the lowest level in 15 years. A typical young U.S. household—defined as one led by someone under age 35—had $15,000 in total debt in 2010, down from $18,000 in 2001 and the lowest since 1995, according to a recent Pew Research Center report and government data. (Snip)In addition, fewer young adults carried credit-card balances and 22% didn´t have any debt at all in 2010



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