Dickieboy
DP Veteran
- Joined
- Oct 11, 2011
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- Political Leaning
- Libertarian - Right
Maybe my conclusion is not so far off:
An even more interesting observation:
Jack Welch: I Was Right About That Strange Jobs Report - WSJ.com
I have no personal motivation to question the labor number but considering the dramatic movement it certainly seems specious. I know for sure that if the October numbers come out with the same drama, up or down, it will have an effect on the last minute undecided voters.
For instance, the range for part-time work falls between one hour and 34 hours a week. So, if an out-of-work accountant tells a census worker, "I got one baby-sitting job this week just to cover my kid's bus fare, but I haven't been able to find anything else," that could be recorded as being employed part-time.
An even more interesting observation:
In August, the labor-force participation rate in the U.S. dropped to 63.5%, the lowest since September 1981. By definition, fewer people in the workforce leads to better unemployment numbers. That's why the unemployment rate dropped to 8.1% in August from 8.3% in July.
Meanwhile, we're told in the BLS report that in the months of August and September, federal, state and local governments added 602,000 workers to their payrolls, the largest two-month increase in more than 20 years. And the BLS tells us that, overall, 873,000 workers were added in September, the largest one-month increase since 1983, during the booming Reagan recovery.
Jack Welch: I Was Right About That Strange Jobs Report - WSJ.com
I have no personal motivation to question the labor number but considering the dramatic movement it certainly seems specious. I know for sure that if the October numbers come out with the same drama, up or down, it will have an effect on the last minute undecided voters.