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Fri Oct 5, 2012, 05:18 PM

Ok, tinfoil hat time on the Jobs Numbers.. but....

.. friend of mine just called and was almost in a "IT'S A TRAP!" mode.

"Yeah, well remember there are still a lot of Republican appointees and probably employees in government... what if... the Thug's in the BLS skewed the numbers... then after a few days (close to elections) it comes out the numbers ARE BULLSHIT.. guess who gets blamed... IT'S A TRAP!"

I have the concession on tinfoil.. line forms on the left...

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Reply Ok, tinfoil hat time on the Jobs Numbers.. but.... (Original post)
Rosco T. Oct 2012 OP
dkf Oct 2012 #1
kentuck Oct 2012 #4
kelliekat44 Oct 2012 #2
Indpndnt Oct 2012 #3

Response to Rosco T. (Original post)

Fri Oct 5, 2012, 05:23 PM

1. Dean Baker thinks it might be a fluke.

 

But it's not manipulated, just a smaller sample that leads to more volatile numbers so we could see reversion to the mean next month.

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Response to dkf (Reply #1)

Fri Oct 5, 2012, 05:30 PM

4. Yep.

I think the 114,000 is from a smaller sample and will be quite a bit larger once it is studied and revised, meaning the unemployment rate is actually lower than the 7.8%, in my opinion.

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Response to Rosco T. (Original post)

Fri Oct 5, 2012, 05:24 PM

2. It could be any number of things, including the continuation of trend since Obama came into office.

One thing people should be rejoicing about instead of whining about is the boost in the morale of the working men and women in the country. Consumer confidence should increase and thereby increase jobs. However, the propensity of the RW in this country to phoo poo anything that smacks of anything good for this President will dampen any positive reaction to this news,

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