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There are lies, there are damned lies, and there are statistics.
How do you reconcile the fact that the employment participation rate is at a 35 year low and the number of people of people not in the labor force soared to a record high of 91.8 million?
It is easy, someone is lying....
It's not a lie, it's "seasonally adjusted"
"The great enemy of truth is very often not the lie – deliberate, contrived and dishonest – but the myth – persistent, persuasive, and unrealistic. Too often […] we enjoy the comfort of opinion without the discomfort of thought."
JFK 1962
You have got to quit believing everything you read regarding these numbers. Obummer has changed the calculation to suit his needs. The real rate is most likely above 20%
It was a joke now it's to the point of an outright pathetic lie.
You have got to quit believing everything you read regarding these numbers. Obummer has changed the calculation to suit his needs. The real rate is most likely above 20%
It was a joke now it's to the point of an outright pathetic lie.
True but "Obummer" is not the first one to alter the calculation.
Apparently, according to the household survey, it turns out that over 600,000 people previously thought to not have jobs were actually employed in January. Read here for more info:
Apparently, according to the household survey, it turns out that over 600,000 people previously thought to not have jobs were actually employed in January. Read here for more info:
But let us not dare think that the ultimate incompetent named Barack could ever have the slightest thing to do with that or anything positive or progressive. Ever!!
The BLS did their annual adjustment.
It's noted in their report.
The BLS also said not to compare Dec to Jan because they changed it all up.
Seems no one heeded their words.
I read the actual report from the BLS each month and also look at the raw data (unadjusted).
So I guess it is a good report then? I always look at the U6 rate to tell if we had a good month or not. If it has decreased by .4% then that must mean that something went well.
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