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Posted on 02/04/2012 6:12:49 AM PST by Kaslin
New numbers on the economy came out today, revealing some seemingly positive trends, such as a drop in the unemployment rate. One of these numbers is a major drop in black unemployment, from 15.8% to 13.6%, a huge jump. On the surface, it's good news.
Allen West, however, isn't having it -- he thinks someone may have tampered with the figures.
"Can someone tell me how employment in the black community has improved at a rate three times the national average in just a few months?? With numbers like today, urban communities should be well on their way to economic recovery then! There is something suspicious about the job numbers released today and it has me very concerned," West wondered Friday. "Is this dramatic supposed decrease in black unemployment a result of job creation or is someone playing around with the census numbers??"
The numbers presented indicate a massive drop, one that we've never seen before -- and one that doesn't seem to reflect actual experience. Even economists are questioning the numbers:
Economists reached by The Hill for comment couldn't fully explain the unemployment rate change for the black community. William Darity, a professor of public policy at Duke University specializing in African-American studies and economics, wrote in an email to The Hill that the decline could have been due to a smaller labor force. He called the drop an "unbelievably dramatic drop" but didn't rule out the possibility of someone tampering with the numbers; he said there was no evidence one way or the other.
"If a large proportion of the persons exiting from the labor force were black (and the exists [sic] presumably were due to people giving up on looking for work) that could drop the black [unemployment] rate without any significant new employment," Darity wrote. "But a one month drop in the black unemployment rate from 15.8% to 13.6% strikes me as somewhat unprecedented."
This explanation -- that the numbers indicate more people dropping out of the labor force, rather than finding jobs -- seems to be the most likely, especially since a record number of people dropped out of the labor force in one month.
[It] appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.
Grim findings indeed, and at this point, it's almost better to hope that the numbers were tampered with -- surely, that's a better situation than mass drop off of employment seekers.
Tweeking the numbers so “The One” looks good, and the main stream media is playing it up for all it’s worth.
But millions of “voters” will believe the lies repeated by thousands of “news readers” on tv and radio.
but,but,but... how else ya gunna get Obamy re-elected?
I’m not fooled either. The problem is 50 percent (+ or -)of the electorate are fools and are easily fooled. For them, happy days are here again!
Just look at the numbers they can’t cook. Check out sales tax revenue, if it isn’t up measurably, the unemployment picture hasn’t changed.
The January unemployment numbers were the first ones to use the 2010 census numbers.
If fewer people called themselves ‘black’ in that census, and went for ‘mixed race’ or ‘other race’, then the total number of blacks in the population would seem to drop. This would produce a better unemployment number among blacks.
They may fool the lib in the street, but not West.
At least ONE Congressman gets it! Now, if we could only get another 400+ on board.
Just before the election they will be claiming 110% employment!
ping to article
NEVER trust the MSM.
CBS News did an amazing animated graph——showing the new Obama figures.
Then CBS added a creeping red line showing the precipitous depths of the recessioon in relation to the Obama numbers.
The CBS graph blew Obama’s figures out of the water.
Er, a huge drop, that is.
Much of what comes from this government is not only wrong, but criminal. Of the criminals, by the criminals, for the criminals. "Seasonal adjustments" = lies to get Obama reelected, so the plunder may continue.
Every jobless U.S. citizen should go and apply for several jobs every month until the election. Let’s get those mammoth lines going into every state employment agency in the country. Pictures are worth a thousand words of propaganda from government liars.
When you see the government cooking the numbers like this, you wonder if America is even a real country anymore. It’s more and more like a sick joke than anything. The government can do or say whatever they want and the people have to just accept the koolaid.
Once again Winston Smith is called upon to do yeoman work for a lying, failing, Communist administration.
You know what I said at 308 eastern? We want a million jobs an hour. That's what we want. What we got looked like a good report. I said let's get the calculator out and i did. So did my sources and big blogs many people read like zero hedge. The labor force participation rate if you look at nonseasonally adjusted, a fresh low going back to april of '83. If you look at seasonally adjusted a fresh low participation rate going back to december of '81. what does that mean in english? Shrinkage. Shrinkage. 1.2 million people are now not considered unemployed anymore. They just have left the system. We need to concentrate on the internals and eventually we want to watch the fixed income market to see if some of this sets in as people do their ciphering. Back to you...
There is more that is even more eye-opening but it was not transcripted. Go to link shown on DRUDGE:
OH! I see, the driveby’s only investigate REPUBLICANS!!!
They CHEERLEAD for democrats!
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