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Shrinkage: Rick Santelli on the Jobs Report Number (lies, adjustments, smoke&mirrors)
Common Cents ^ | 2-3-12

Posted on 02/04/2012 4:16:59 PM PST by STARWISE

CNBC's Rick Santelli puts his perspective on the Jobs Report. Believe it or not 1.2 million Americans dropped out of the Jobs Market which enabled the Unemployment Rate to drop.

VIDEO - RICK SANTELLI


TOPICS: Business/Economy; Government; Politics; Reference
KEYWORDS: jobs; lies; obama; ricksentelli

Half a million leave job force but hey! Unemployment dropped!

And, the lamestreams are predictably trumpeting Obama's lies up, down, and sideways, as always. If we haven't yet learned that the major alphabet networks LIE, we're the fools and suckers.


1 posted on 02/04/2012 4:17:13 PM PST by STARWISE
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To: onyx; penelopesire; maggief; hoosiermama; SE Mom; Liz; rodguy911; Fred Nerks; Red Steel; ...

.. Ping!


2 posted on 02/04/2012 4:18:58 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE
Why work? To pay taxes so the parasitic masses can live off your earnings?

This chart shows how Socialism works, and they brag about a "Recovery"?

3 posted on 02/04/2012 4:19:48 PM PST by traditional1 (Stay thirsty, my friends.)
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To: STARWISE

Bump


4 posted on 02/04/2012 4:33:59 PM PST by Jet Jaguar (Romney=Gun Grabber.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks STARWISE.


5 posted on 02/04/2012 4:35:01 PM PST by SunkenCiv (FReep this FReepathon!)
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To: STARWISE

>>>Believe it or not 1.2 million Americans dropped out of the Jobs Market

Don’t believe it, because that is not what happened. The labor force numbers for January are not comparable to December. The January numbers use population estimates based on 2010 Census. The December numbers do not refelct those changes, so you can’t make direct comparisons. If you remove the population control and work under the December methodology, the Not in Labor Force number actually declined. See table C in the BLS news release. Alo, it’s interseting that everyone focuses on the 1.2MM leaving the work force, but ignore the same numbers that show 847K increase in the number of employed.

http://www.bls.gov/news.release/empsit.nr0.htm

See also this link for further explanation of the numbers:

http://www.calculatedriskblog.com/2012/02/employment-not-in-labor-force-actually.html


6 posted on 02/04/2012 4:40:03 PM PST by nc28205
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To: STARWISE

Here’s a better chart with absolute numbers:

http://data.bls.gov/timeseries/LNS11300000

There are two million fewer jobs today than when Obama took office. This is the only thing people need to know.


7 posted on 02/04/2012 4:56:44 PM PST by bigbob
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To: nc28205
numbers that show 847K increase in the number of employed.

It would be more accurate to say 847k increase occurred since the last change in methodology, a year ago. This doesn't look so hot on a month-to-month basis.

8 posted on 02/04/2012 4:58:06 PM PST by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: STARWISE

The conspiracy theorist in me suspected this since there is an election to be won by the fake president......fake numbers!


9 posted on 02/04/2012 5:04:54 PM PST by luvie (Unleash the American People!!)
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To: bigbob; nc28205

Thank you, Bob. That’s the point of Rick Santelli’s piece: in effect, more OUT of the job market, less available jobs, and that dynamic can be twisted to look like the unemployment rate is down, which BHO HAS to have to have a decent chance of reelection.

Rush emphasized it as well

Happy Days are Here Again in Obamaville? Raw Jobs Numbers Tell Very Different Story

“There are two million fewer jobs today than when Obama took office. This is the only thing people need to know.”

ABSOLUTE REALITY AND DEVASTATION HE’S CAUSED (and purposely, in my view).

http://www.rushlimbaugh.com/daily/2012/02/03/happy_days_are_here_again_in_obamaville_raw_jobs_numbers_tell_very_different_story

Obvious also, the Jan. job #’s reflect the downturn
in temp Christmas retail jobs.


10 posted on 02/04/2012 5:08:33 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE
I know this has nothing whatsoever to do with the topic, but the subject of this thread made me think of THIS
11 posted on 02/04/2012 5:15:15 PM PST by JaguarXKE
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To: LUV W

There jobs reports was really bizarre. This economist shows that the jobs market is NOT getting better.

http://confoundedinterest.wordpress.com/2012/02/03/unemployment-actually-rose-in-january-media-screams-unemployment-rate-declines-is-increasing-unemployment-something-to-brag-about/


12 posted on 02/04/2012 5:35:47 PM PST by whitedog57
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To: JaguarXKE

Eureka! The December Job pool Shrinkage Effect.


13 posted on 02/04/2012 5:39:46 PM PST by haroldeveryman
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To: JaguarXKE

^@^


14 posted on 02/04/2012 6:01:35 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: LUV W
The conspiracy theorist in me suspected this since there is an election to be won by the fake president......fake numbers!

Oh absolutely.

You can bet the unemployment numbers will continue to drop through Nov.

Zer0 crows, 'See, my policies are starting to take hold.'
'I need another term to complete the fix.'

15 posted on 02/04/2012 6:40:57 PM PST by Vinnie
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To: Vinnie

I fear that also. The American voter is so gullible and naive.....and ignorant to the point of being criminally so!

I don’t know if we can survive 4 more years of the hatred from high places!


16 posted on 02/04/2012 7:26:03 PM PST by luvie (Unleash the American People!!)
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To: STARWISE

Ping


17 posted on 02/04/2012 8:33:07 PM PST by STJPII
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