Skip to comments.NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2% (Election time number crunching)
Posted on 04/06/2012 5:51:53 AM PDT by nhwingut
March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. [SNIP] The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.
(Excerpt) Read more at zerohedge.com ...
I love the smell of cooked books in the morning.
New jobs underperform by nearly half, yet Unemployment Rate drops? If we had a skeptical press, Obama really would be getting skewered for having a credibility gap, but, alas..
Miss the target by 100k. And yet UE still drops. LOL.
Barrack the Magic Statistician.
Of course this is info released on a holiday weekend.
Indeed. According to Obama's administration, there is no inflation. Employment is improving. Roses and skittles for everyone. But why are first time claims still in the 350,000 range afterr three years of recovery? (350,000 is nothing to write home about despite MSM cheerleading). Gold is at historic highs (a classic negative indicator). Housing prices are abysmal. Most new jobs are part time or temporay. More people are on food stamps than ever before. Yeah, pay no attention to the man behind the curtain...
Not only that, but our panzers have also encircled Moscow.
"8.2%. That's a good number..., for Italy. For France".
Kernen and Santelli enjoy sticking their thumbs in the lefties' eyes.
Hate to say it, but CNBC in the morning beats the hell out of FBN...
No longer counting those whose benefits have run out and are still not employed does wonders for the stats. What was that old saying? There are lies, damned lies, and statistics!
Hoot! Perfect timing. I am watching the "World at War" series for the umpteenth time and last night saw the epidode about Stalingrad. The Nazi radio show was having all battlefield sectors call in and report. The one from Stalingrad said they were hanging on - only the message came from the studio in the next room as Stalingrad did not reply to the original call.
The Gallup Poll now has enough history for its measure of unemployment to seasonally adjust it. It shows, like the BLS number, a fall in the seasonally-adjusted unemployment rate:
To be sure, the unemployment rate remains very high. Jobs growth is hardly enough to keep up with normal increase in the population. Labor force participation continues to shrink as people give up ever going back to work. And, the cost of living is rising.
It’s a pretty bad picture, but not so bad that we can presume that we will win in the fall.
Something is not right with that number. 87,897,000 is about 30% of the U.S. population and that's not even factoring out the children, stay-at-home housewives and the retired elderly.
Saving the House may be the only option left come November. Imagine what havoc he'll cause in the second half of his second term if he can re-attain large Dem majorities in Congress. There will be no brakes, not checks.
A second Obama term would also mean the dark side takes over the Supreme Court.