And when the "adjusted figures" are released in Dec 2012, just how ugly will it be?
I predict that gov’t “analysts” will pull that 7.7% unemployment number out of their butts by November 2012 to help Obama win re-election.
I predict everyone on FR will find a new car under their Christmas tree. See how easy this prediction stuff is?
Let people decide if those stats are cooked. If a person is unemployed then they will decide with their wallet.
I'd be SHOCKED if it were anywhere near that LOW!
When you don’t count people who can’t find work and give up, you can make the rate about as low as you want.
The numbers are lies.
But WHERE will those jobs be? The Left wing Blue States?
Michigan?
New York?
California?
Massachusetts?
Nope!
Texas and other Red States will be gaining.
And gas will be 1.50 a gallon also.
(sarc)
Either they will fix the numbers to give the White House what it wants, or unemployment will unexpectantly still be above 8%.
Reminds me of the live interview in 2006 of financial analysts, including Peter Schiff regarding the drop in house prices. Peter said this was the popping of the bubble. The rest said it was a temporary blip and everything was looking good. When He made his case, they LAUGHED AT HIM on live television. He was right.
I never forgot that the people of King County voted to have the Kingdome built by SouthCenter, but they built it in Seattle instead (it was used for a couple of decades and torn down a few years ago.
Same with “financial experts”.
I ignore them. They don’t have a clue what they are talking about.
As the world explodes and implodes around me I look at TV and am told just move along....Nahhh. Are things really so desperate? THE UNEMPLOYMENT RATE SCAM is to try and save the crat party and is an obvious book cook.
This is the EXPECTED that later becomes the UNEXPECTED.
Let’s see, a crystal ball, delusional or just flat out lies.
The raw U6 unemployment number is 22.1% for February 2011. That’s all you really need to know. http://www.shadowstats.com/
I predict BO’s golf game will be much better in 2012.
No surprise, even though Reuters, et al, will call it ‘unexpected’.
Just since Christmas, 3 million have been mysteriously lost from the unemployment numbers. Alien abductions?
By next fall, the Bureau of Labor Statistics could/will easily manipulate the numbers to reflect a rate of 8% or less.
Additionally, official inflation, we will be told, remains comparatively low, even though coffee may be $5.00+ per pound and gasoline $5.00 + per gallon.
...should just be about good enough to get Dear Reader re-elected.. : (
The way the government now hides numbers is unbelievable.
Need Unemployment rates lower than they actually are, just adjust the number of people in the ‘employment pool’.
Need inflation rates lower than they are, just remove Food and Fuel (you know the two absolute neccessities every person has to have) from the equation.
All the government is doing is hiding the fact we have 10-15% inflation and 20% unemployment in this country - RIGHT NOW!