Another Disappointing Jobs Report: +115,000 (Participation Rate Lowest in 30 years) (McCain, unemployment rate, healthcare)
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Obama doesn't effect how the BLS computes data. The BLS is made up of professionals that have a mathematical formula that hasn't changed during Obama's presidency. To suggest that the Administration has been cooking the numbers is silly.
But even at plus 115,000 and the other revisions (The change in total nonfarm payroll employment for February was revised from +240,000 to +259,000, and the change for March was revised from +120,000 to +154,000,)it's sure better than the Europeans, who have embraced austerity -- exactly what the GOP wanted here.
Hogwash ... the numbers are being manipulated by Obama's team ... remember, Obama put key people in charge of these agencies and they make sure the agency sings the Obama song.
What an asinine statement. The GOP doesn't want to focus on unemployment??? Why do you say that, because they have not sent a bill to Reid to use borrowed taxpayer money to buy jobs??
I stand by my statement. The GOP wants to hammer Obama about employment but doesn't support policies that would improve employment.
The GOP prescription is the same, no matter what the problem, tax-cuts for the rich and corporations and cut government spending. Perhaps someone can explain to me how firing federal and state workers plus cancelling government contracts -- whose companies then fire their employees, improves employment?
Hogwash ... the numbers are being manipulated by Obama's team ... remember, Obama put key people in charge of these agencies and they make sure the agency sings the Obama song.
I think you need to polish your tin-foil hat, as there is no evidence to support any manipulation of data. If you have some, please cite it, otherwise you are just posting baseless nonsense.
The people at the BLS are professionals who have career jobs -- presidents come and go but they stay. The formulas haven't changed under Obama.
Recent facts have not been kind to the political right. A better-than-expected jobs report; a renewed focus on inequality, driven both by CBO research and by the gift of Mitt Romney’s candidacy. What to do?
The answer is to throw a bunch of bogus numbers at the issues, in the hope that something sticks, or at least that the discussion becomes confused.
First, about that jobs report: all the usual suspects have jumped on the routine BLS population adjustment to claim that the numbers were cooked. The real story here is that the BLS estimates unemployment based on a monthly survey; this tells us what fraction of workers are unemployed. To turn that into a number of unemployed, the BLS estimates total working-age population; but it updates those estimates only once a year. So there’s usually a step up or down in the totals each January, signifying nothing.
Back in the Bush years there were a lot of bogus claims of huge job growth reflecting a step up in the population numbers. Now we have Rush Limbaugh, Fox, etc., claiming that a step down somehow implies fake calculations. Still not true. And the thing that makes this so tiring is that they keep trotting out the same old bogosity, no matter how many times it has been refuted.
...
The US had a baby boom echo during the late eighties and early nineties. InterEstingly, the last time the labor force paricipation was this low was when all the original baby boomers finally hit working age.
Obama doesn't effect how the BLS computes data. The BLS is made up of professionals that have a mathematical formula that hasn't changed during Obama's presidency. To suggest that the Administration has been cooking the numbers is silly.
But even at plus 115,000 and the other revisions (The change in total nonfarm payroll employment for February was revised from +240,000 to +259,000, and the change for March was revised from +120,000 to +154,000,)it's sure better than the Europeans, who have embraced austerity -- exactly what the GOP wanted here.
Those pathetic numbers represent what Obama has bought us with $5 trillion in debt. This is what happens when you give a country club Marxist control of the country.
Hogwash ... the numbers are being manipulated by Obama's team ... remember, Obama put key people in charge of these agencies and they make sure the agency sings the Obama song.
Yeah, that makes sense. Let's manipulate the numbers so things continue to look bad?
If the administration was manipulating the numbers, wouldn't it make more sense for them to increase the number of jobs added to make the economy look better?
What advantage does it give them to have the numbers come in lower two months in a row?
I see you have settled right in, and are accepting the gloomy prospects of mediocrity.
Considering the options and proposals from the opposition, I will take mediocrity over insanity, ANYDAY.
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