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.
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.
.. Ping!
This chart shows how Socialism works, and they brag about a "Recovery"?
Bump
Thanks 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
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.
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.
The conspiracy theorist in me suspected this since there is an election to be won by the fake president......fake numbers!
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).
Obvious also, the Jan. job #’s reflect the downturn
in temp Christmas retail jobs.
There jobs reports was really bizarre. This economist shows that the jobs market is NOT getting better.
Eureka! The December Job pool Shrinkage Effect.
^@^
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.'
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!
Ping
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