Today's 'Good' Jobs Report Was Actually Terrible

Business Insider ^

[TigerClaws]

Is this the October surprise?

Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isn’t. Not at all.

Read more: http://www.aei-ideas.org/2012/10/the-sickly-stagnant-september-jobs-report/#ixzz28THIiV1Z

[Greg123456]

I bet a lot is from back-to-school and Christmas hiring. Would have been a lot worse had the Rats been running the House.

[whitedog57]

No kidding.

Obama has put millions on disability, food stamps and cell phones. Most of the jobs today were PART-TIME.

It blew BIG TIME!

http://confoundedinterest.wordpress.com/2012/10/05/vas-is-das-u3-unemployment-falls-to-7-8-but-u6-unemployment-remains-at-14-7/

[Gamecock]

**Today’s ‘Good’ Jobs Report Was Actually Terrible**

That’s what I thought.

God would never let me be successful. He’d kill me first. He’d never let me be happy.

[MNJohnnie]

Take out Goverment employment and this job report sucks. Pure propaganda from the Obama regime.

[TigerClaws]

Also heard being “employed” at home was changed. Like any work at all is counted as a home business?

There a copy of the survey and definitions anywhere? It’s a public record I assume.

[tanknetter]

This, from the AEI report, bears repeating.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

[Lmo56]

There are two different surveys that the BLS conducts - Household and Establishment.

In the Household survey, they call residences,

In the Establishment survey, they call businesses.

The Establishment survey is considered more reliable and this is the one that is normally used.

THIS time, they used the Household survey.

ALSO, the questions they ask on the Household survey are things like: “Did you mow one lawn for money or wash one car for money this week?”

If so - you are EMPLOYED !!!

[Brandonmark]

[Vince Ferrer]

6. The 114,000 jobs created would have been a good number … but for 1962, not 2012. The U.S. economy needs 2-3 times that number every month to close the jobs gap (which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while also absorbing the people who enter the labor force each month.) At 114,000 jobs a month, the jobs gap would not close until after 2025, according to the Hamilton Project.

When we look back we will see that we had a jobs bubble in the 1990s and 2000s. Employment levels were far higher than they were in previous decades. What we are going to do is start to accept single wage earner families as being normal again, like in the 1950s, although the wage earner may be man or woman.

While that happens, I would hope that homeschooling, especially through the internet, takes off and millions more kids are educated at home, to make us one of the most educated workforces in the world.

[Bigjimslade]

Ha... Just searched the word election on the Detroit Craigslist job board

http://detroit.craigslist.org/search/npo?query=Election&srchType=A

I’d be willing to bet this is the source of a lot of those PT jobs. The only real question is whether there is a way for them to target those that get questioned on the household survey.

[shove_it]

“Also heard being “employed” at home was changed. Like any work at all is counted as a home business?”

I couldn’t afford the lawn service anymore so I had to fire ‘em and do it myself. I just got a new job. YIPPY!

[Freee-dame]

There a copy of the survey and definitions anywhere?

I searched the BLS web site looking for the questions asked in the household survey but didn't find them. I wonder if the phone callers gave "hints" such as, did you sell anything at a flea market or on ebay or wash your neighbor's car for money.

Do they really make 60,000 phone calls every month? That must employ a few people.

[CottShop]

that’s true, it was terrible, but most fickle people in this country won’t understand that it’s terrible and will only see that the number is dropping (apparently) and will conclude that obama’s policies have been the reason- He’ll ride this jobs announcement all the way to reelection I’m afraid-

Someione today wrote out a long list of all the attrocities that obama has commited AGAINST the U.S and made the comment that had a republican done just one or two of those myriad attrocities, they would have been thrown out of office- impeached- but nothing ever affects obama- the media give him a free pass- and then when any sort of ‘good news’ no matter how miniscule comes along, they will play it up like obama was the second coming incarnate- and the easily swayable public will eat it up like candy-

After ALL the crap obama has pulled on america, and after assaultign our very constitutional rights- there is no way in hell his favorability numbers should even be anywhere near romenys- yet even after a very strong debate by romeny, and a miserable failure by obama- we still see the numbers are abotu even? What the hell is it goign to take to wake this coutnry up to the FACT that obama is nothing but a miserable failure as a president and who took americans for a ride by partying on their dime trhe whole time while thjey lost their jobs, their homes etc etc etc?

[Intolerant in NJ]

Today's 'Good' Jobs Report Was Actually Terrible...maybe, maybe not - but for sure unless the abnormally high number of "household" jobs produced in today's report is repeated in October (statistically very unlikely if genuine and a tipoff to a big lie if fabricated), November's report will be terrible, because it will necessarily have to increase by a couple of tenths of a point, maybe even back over 8 percent - and that report comes out four days before the election, in time for the 'Pubs to blitz the country with ads about how the economy is worsening again......