The old rule that you need job growth of 150,000 to keep up with population growth and 250,000 jobs per month to lower the unemployment rate has been thrown out the window. The miraculous Obama Boom is rewriting the old rules applying to job growth. Only 114,000 jobs were created in the month of September, yet the unemployment rate fell to 7.8%. The drop in unemployment is due to the Household survey, which claims that there were 873,000 more Americans working in September.
Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent, the first time it has been below 8 percent in 43 months.
The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number.
The falling jobless rate had been a function as much of the continued shrinking in the labor force as it was an increase in new positions.
But the government said the total number of jobs employed surged by 873,000, the highest one-month jump in 29 years. The total of unemployed people tumbled by 456,000.
The labor force participation rate, which reflects those working as well as looking for work, edged higher to 63.6 percent but remained around 30-year lows. The total labor force grew by 418,000, possibly accounting for the relatively modest net level of job growth.
[....]
The level of part-time workers reported the largest jump for the month, gaining 582,000.
The U-6 unemployment number, which accounts for the underemployed and those who have given up looking for jobs, held steady at 14.7 percent.
The U6 number which shows the real unemployment rate at 14.7% is unchanged. The truth of these facts will not matter. All the Obama Regime will crow is the phony 7.8% number. After getting his clock cleaned Wednesday night, Obama needs help to imp[rove his image. Well the BLS and their fudged numbers have come to the god-king’s rescue. I hope Americans don’t fall for this crap.
It should be called the “recoverup” rather than the “recovery.”
Unfortunately for the Bamster on this one, everybody is calling Bull Shit. The U6 number remains unchanged at 14.7%, and to put the cherry on top, a minimal amount of digging shows the baloney to be mostly part time temporary workers, Christmas seasonal adjustments for retail work.
Your neighbors are working at Macy’s to earn some extra bread for the holidays.
I’m sure Obama’s planned $1 trillion tax increase will fix things right up.
New numbers on unemployment, from the regine that gave us the facts on Fast and Furious and the murders of the US ambassador and staff in Libya.
lobo91 wrote:
Sure it will. Won’t there be more funds available for unemployment checks, and I remember pelosi assuring us that unemployment checks were highly stimulative to the economy. /
citizen_q wrote:
Which just goes to show you how completely out of touch these people are. I am collecting unemployment for the first time in my life and the only thing I spend that money on is groceries. Of my five siblings, three of us are currently unemployed — another first. I am praying daily that Romney wins for many reasons, but mostly so I can get a damn job.
@ gizbot7:
You’re certainly not alone there. I’m living off savings for now. I just hope I can get by until we get rid of Obama.
If he gets re-elected, I really don’t see much of a future.
@ gizbot7:
First, very sorry to hear that and best wishes for finding something soon.
Second, your story is why people aren’t buying this miraculous 0.3% drop in unemployment. People know friends, relatives, and themselves who are unemployed and not finding jobs; they aren’t seeing this economy turning around like the MSM and the regime are claiming. Generally, when presented with the choice, “Who you going to believe, me or your lying eyes?”, the answer is not “me”.
lobo91 wrote:
Honestly, I don’t have a plan B either if that miserable failure gets re-elected other than part-time work or being under-employed. I know a lot of job creators, and all of them are either having to lay people off or are scared shitless of another 4 years of Obama. Just hoping the American people see though this BS and do the right thing come November.
Zerohedge says the better jobs report is juggling with statistics:
“Happy by the headline establishment survey print of 133,245 which says that the US “added” 163,000 jobs in July from 133,082 last month? Consider this: the number was based on a non seasonally adjusted July number of 132,868. This was a 1.248 million drop from the June print. So how did the smoothing work out to make a real plunge into an “adjusted” rise? Simple: the BLS “added” 377K jobs for seasonal purposes. This was the largest seasonal addition in the past decade for a July NFP print in the past decade, possibly ever, as the first chart below shows. But wait, there’s more: the Birth Death adjustment, which adds to the NSA Print to get to the final number, was +52k. How does this compare to July 2011? It is about 1000% higher: the last B/D adjustment was a tiny +5K! In other words, of the 163,000 jobs “added”, 429,000 was based on purely statistical fudging.”
@ gizbot7:
Don’t you think that these debates even if scripted, reflect Ozero’s
ignorance of anything except his worn old talking points? People are waking up.
@ gizbot7:
Hell, at this point, I’d consider being “underemployed” an improvement. I know there’s no chance that I’ll find anything paying more than about half of what I was making when Obama took office.
I can’t even find anything to apply for at that level.
Even the MSM is reporting on Chinese firms using Chinese workers to build bridges IN THE U.S. First jobs were exported, Ozero has allowed them to be imported.
http://abcnews.go.com/WNT/video/us-bridges-roads-built-chinese-firms-14594513?tab=9482930?ion=1206853&playlist=14594944
yenta-fada wrote:
Most of what Obama said, other than “Uh,” was nothing more than recycled bits out of his previous speeches, going all the way back to the last campaign.
CNBC had Labor Secretary Hilda Solis on, and she said the idea that the jobs numbers were manipulated was “ludicrous”.
The fact that she would be questioned about the Labor statistics shows that people are not buying the bullsh!t that is contrary to their own experience.
@ lobo91:
The ‘uhs’ are recycled too.
lobo91 wrote:
Heck, I’ve been seriously considering changing my career entirely and taking a lot less money. The job I was recently laid off from was sort of in the same field, but paid about half of what I have been making for the past 15 years. Even though they were doing away with my position entirely, getting laid off from that still stung. Is there such a thing as PTSD for getting laid off from a crappy job?
They have also commenced seasonal adjustments for months that normally have none, such as August.
yenta-fada wrote:
I sincerely hope you’re right. Listening to Rush right now and his anger at anyone who applauds this loser reflects my feelings exactly. What kind of dope are these people smoking? It scares the crap out of me.
WaPo via Instpundit. Obama has only himself to blame for debate performance.
http://pjmedia.com/instapundit/obama-has-only-himself-to-blame-for-being-out-of-sparring-practice-dana-milbank-of-the-washington-p/
@ gizbot7:
I was making around $100k when Obama took office. I then spent 27 months unemployed, during which time I had exactly one interview (for a job that paid $32k).
I spent a year working in Kuwait as a contractor for about $55k. Since I declined to spend an additional year as an unarmed target, now that I’m home, the state decided that I don’t qualify for unemployment.
I really can’t get by on much under $50k, because I’ve got student loans and an underwater mortgage.
gizbot7 wrote:
The MSM is starting to report some news and less than 100% slobber over the Zero.
pat wrote:
They just added a new “season”: Campaign season.
@ lobo91:
I don’t know anything about bankruptcy laws, but is that an explorable option?
@ gizbot7:
The lack of a regular income is extremely stressful for anybody. It’s important to get some exercise and keep up your health. (free advice from Lucy in ‘Peanuts’.)
lobo91 wrote:
Say what? Why? They did the same thing to my brother (who is a retired Navy MP) but he didn’t fight it. What was their reasoning? I don’t want to pry, but that’s sounds like some BS.
@ lobo91:
It is pre-pre-Christmas season. Notice that the seasonal adjustment always makes the numbers look better than they are. I’m sure that is just a coincidence ..
@ gizbot7:
Basically, since they offered me a new contract, the DOL is treating it as if I just quit.
@ yenta-fada:
I am extremely thankful that my husbands business is doing well and he is busting his rump to keep us sheltered and relatively unscathed during this debacle. It just sucks because I hate to see him shouldering this all by himself. Like Ironfist, November simply cannot some soon enough for me.
yenta-fada wrote:
Not really. Student loans can’t be discharged in bankruptcy, and I have a VA loan, which means that they’ll go after me for the difference if I sell the house for less than I owe.
I just got off the phone with Leia’s vet. They had to pull two teeth.
And they’re concerned about an elargement of her heart that they saw on her chest X-ray, so they want to have an ECG done.
h/t NiceDeb summarizes tweets and article on this j-o-b-s number:
http://nicedeb.wordpress.com/2012/10/05/obamas-new-jobs-report-elicits-widespread-distrust-and-skepticism/
@ lobo91:
We need Obama Pet Care.
Actually, maybe not. That would probably involve turning your pets into lunch.
lobo91 wrote:
You mean that being in the middle east, a sitting target and not wanting to push your luck on the “will I die today?” side isn’t enough to get unemployment? That is horrible and a disgrace.
lobo91 wrote:
Yikes! Vet bills are extortionary in Toronto. {{Leia}}
@ yenta-fada:
What they’ve done already today is going to be about $500.
If they can get the radiologist to come in and do the ECG today, that’s another $320.
Heh…Megyn Kelly has her husband on.
Looks like I have to go to the store and get Leia some canned food before she gets home from the vet.
@ yenta-fada:
Hey Yenta, do you have a link to that zerohedge article you referenced earlier in the thread? I would be interested in reading it, and so far, have not been able to find it.
@ yenta-fada:
this comment
Did I not predict this?!?!?!?!?!???
@ waldensianspirit:
Their lies are pretty predictible by now. Next they’ll be claiming that al Qaeda didn’t assassinate the Libyan ambassador the other day. It was a secret conspiracy of Dominionists lead by the Vatican! Seriously, the FBI finally took a look at the consulate ftoday, and apparently “didn’t see anything”. They came, they saw, they left. Not much in the way of an investigation. It is almost like they didn’t want to find anything. Surely Obama wouldn’t be playing politics with national security like that
Whooo! Hooo!
Now blogging from home!
@ Iron Fist:
I am sure Charles is writing that as a LGF post as we speak.
@ gizbot7:
I am sorry to hear that. I wish you the best of luck.
If sequestration hits, my job will be in serious jeopardy, and will be very very difficult to find a similar position.
@ lobo91:
I wish Leia the best!
@ citizen_q:
If Obama is re-elected, sequestration is guaranteed. Those drastic cuts in the military are what the Democrats have wanted for years. Boehner gave them a way to slash the military without taking a vote on it. I knew when he did it that it was a betrayal. One more reason we are totally hosed if Obama wins re-election. This election will determine if America even remains a world power. Four more years of Obama, and we’ll look like the Soviet Union looked after Gorbachov.
@ Iron Fist:
Which is what makes their games with telling the contractors not to send out layoff notices even more disingenuous. They claim that it’s not certain to happen, so they shouldn’t send out notices. The only way it won’t happen is if Romney wins, though.
@ Iron Fist:
Not Obama!
@ yenta-fada:
From your link:
*rofl* He never had them in the first place. It was all a show. He has always been a dazzler and now the truth comes out. He has always been an intellectual lightweight without debating skills. He was even unable to plead a case in court and did therefore merely background work.
Oh, and I just read on Instapundit that this new (unbelievable) unemployment rate is based on a (get this) poll. It isn’t a real unemployment number. Gallup did their own poll on unemployment and found no changes. Romney ought to rape Obama with that lie.
Rodan wrote:
I’m sure she’ll be fine. The vet doesn’t think there’s a serious problem, but she wants to be sure.
Canned dog food is sure expensive. I usually feed Leia a “super premium” dry food, which is about $35 a bag. That lasts about 2 months, so it’s around 50 cents a day.
The same brand’s canned food is $1.25 a can (on sale, usually $1.49) and she’ll need 2 cans a day for the next 2 weeks after her dental work.
That’s 5 times as much.
@ Iron Fist:
sideways
@ Iron Fist:
We will be worse.
Russian leaders look to theirs and their country’s best interests.
Our leaders looks to their interests and other country’s. We don’t even come in second best with them.
Romney would be a breath of fresh air compared to the dour marxists of obama and company. Even if Romney wins there will be trouble. The leftist rot is broad and deep.
Rodan wrote:
As do I!
lobo91 wrote:
If you quit here in Austria you get one month time out and then your unemployment check.
lobo91 wrote:
I heard on Fox yesterday that in 2007 obama was supporting extending the notice period to 90 days from 60.
If we had a real objective journalism in this country obama could not be elected to a neighbourhood HOA.
Here’s a link. Seriously, Romney ought to break that one off in Obama. Mr. President, why are you lying to the American public? Everyone knows from prsonal experience how bad the economy really is…
@ citizen_q:
One of the things he took a shot at during the debate was the corporate jet deductions.
Nobody ever mentions the fact that it was the Democrats who created it in the first place (or, of course, that it’s actually an insignificant amount of money in question).
lobo91 wrote:
I’ve spent the money equivalent of a new car for my cat during her last years. At the end the vet cut the bills into half because I’ve spent so much.
@ Guggi:
Pets are family. We lost one of our cats Monday a week ago. Little boy had cancer. You are never ready for them to leave.
@ Guggi:
Here, you get nothing, unless you can show that there was a good reason for you to quit.
I worked for a small (now gone) electronics retail chain back in the ’90s. After telling us that they were going out of business, they changed everyone from working on commission to getting paid hourly (slightly above minimum wage), cut our lunch from an hour to 30 minutes (and wouldn’t let us leave the premises), and wouldn’t let anyone take any time off to go to interviews for new jobs or anything.
Needless to say, most of us quit shortly thereafter.
At first, the state rejected my unemployment claim, but they ended up paying it (and doing it retroactively) after I explained what they’d actually done.
Iron Fist wrote:
She had feline panleukopenia (cat plague) and had been infected before we got her with about seven months. But at least she lived nearly 19 years.
lobo91 wrote:
Not possible here. Every change in your contract to your loss is a right to quit -- but you have to quit immediately.
@ lobo91:
Actually, the best part of that story was what happened after the hearing. I was only unemployed for about 6 weeks, so by the time they made their decision, I already had a new job.
After a couple of weeks, I finally called to ask them what happened to my money.
The person I spoke to said, “Our records show that you have a new job already, so your claim was closed. If you want us to pay you for those weeks, you have to come to our office and request payment.”
Why on earth would I have gone to the trouble of filing a challenge to their decision and going to a hearing if I didn’t want the money?
Our tax dollars at work…
@ Guggi:
Most non-union workers in the US don’t have any sort of contract, especially in “right to work” states.
lobo91 wrote:
If you don’t have a contract here (nearly impossible) then it is worse for the employer
because the government rules for people without a contract are even more in favor of the employee.
@ Guggi:
Wow! We lost one last year to FeLV. We were very worried all of our cats would get it (we have five right now; we had five then, but we got a kitten and lost Sammy). We have one that is 13-14 and very sick. We don’t know how long we’ll have with him. He has IBD, and is emaciated, but he keeps on living. We love him very much. All of our cats right now are rescues. We got Midnight when he was about 8. The others we got as kittens. When we can afofrd it, we are going to get more kittens. I want 8 cats, but my wife says “We’ll see”
@ Iron Fist:
The last about three and a half years my cat got infusions three times/week and a lot of injections. We fed her only with turkey breasts and fresh sea food and chicken breasts. She became very slim because of the frequent diarrhea but didn’t have pain. Then one day, I was in my workroom and she cried out very very loud and full of pain. I called the vet, made an appointment for the next morning and spent the night with here in the living room. It was as if she felt it was the end. A very heartbreaking situation.
I will never have a pet again, I lack time now.
gizbot7 wrote:
HELL YEAH.
I used to do IT consulting work. I still get flashbacks from the way I was treated in that field. And bad dreams. Fairly often.
I am a freelancer (not by choice) and the gig I have now is for a German drug company… they could easily do do the work in Germany, but our economy is so f’ed up they can outsource it to the USA cause we get no benefits and translators are cheaper than doctors.
lobo91 wrote:
Have you looked into VPI pet insurance? I have it for my dog…It costs $29 a month for comprehensive coverage.
Once upon a time, George Orwell wrote:
‘Comrades!’ cried an eager youthful voice. ‘Attention, comrades! We have
glorious news for you. We have won the battle for production! Returns now
completed of the output of all classes of consumption goods show that the
standard of living has risen by no less than 20 per cent over the past
year. All over Oceania this morning there were irrepressible spontaneous
demonstrations when workers marched out of factories and offices and
paraded through the streets with banners voicing their gratitude to Big
Brother for the new, happy life which his wise leadership has bestowed
upon us. Here are some of the completed figures. Foodstuffs—-’
http://gutenberg.net.au/ebooks01/0100021.txt