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Thread: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump



    http://www.zerohedge.com/news/2014-1...-lost-prime-25


    Now this chart is definitely accurate (although I thought the 230K number was all Americans over 55. This chart lists then as 55-69).

    Well...if you can believe the Bureau of Lying Statistics (BLS) household survey. Oops...I should say Bureau of Labored - er - Labor Statistics.


    No matter what, IMO, these are pretty pathetic numbers (along with the drop in average hourly wages) for a 'great' or even 'good' labor report.

    How Obama-lovers/Keynesians can say that a labor report that LESS of the prime money making group of American workers (aged 25-54) are employed is a good report staggers the mind.

    The ONLY age group that gained 'jobs' were teenagers and over 55's.

    And the whole country is making less on average, per hour then they were in August.

    IMO, anyone that says this is a good report is either ignorant and/or macroeconomically delusional.
    Last edited by DA60; 10-06-14 at 07:54 AM.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    According to a report from and/or posted on the BLS website (from 1999), the peak earning year's for men (and I assume for women as well) is 45-54.

    Men’s earnings at peak at age 45-54 : The Economics Daily : U.S. Bureau of Labor Statistics

    So how did this prime earning years group fare in September's labor report?

    Ummm...not too good.

    169,000 less American's in their peak earning years were employed in September then in August.

    So...of all the groups on this household survey...the group that appears to have lost by FAR the most 'jobs' is the group that is in their peak earning years?

    Table A-9. Selected employment indicators


    The more I study this labor report, the worse it looks.



    Btw, for the heck of it, I though I would look at how this peak earning year group has fared since Obama took office.

    Since January 2009, the 45-54 age group have lost 1,420,000 from their ranks!!! And America was supposed to be in a recovery for many years now.

    Obama's/the Fed's policies are, IMO, systematically destroying the prime earning's age group in America.

    http://www.bls.gov/news.release/arch...t_02062009.pdf
    page 16


    Finally, once again, I am neither Dem nor Rep.
    Last edited by DA60; 10-06-14 at 08:28 AM.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by beefheart View Post
    Wow, what a deeply sourced post.

    You just hate good financial news that is good for this nation because Obama is president. Derangement.
    No I just know they are fudging numbers just like they do with inflation, and that you are an obamabot

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by pinqy View Post
    The secretary of labor has no access to BLS data. The BLS Commissioner is a presidential appointee, but in off years. Dr Keith Hall was appointed by Bush in 2007 and continued to serve under Obama until 2012. He was not replaced until 2013.

    The UE rate did drop to 7.8 forSeptember 2012 (published in October), but the October data was released in November, 4 days before the election and the rate went up to 7.9%. The September rate was not revised...you made that up.
    Bush appointed lots of people from across the isle, to tout hpw he could work with the other side...Lot of good that did him.

    On the numbers being revised after the election, I remember an article speaking to that. I'm in my big truck right now typing on the phone. I'll look fpr it and post it if I can find it.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by j-mac View Post
    Bush appointed lots of people from across the isle, to tout hpw he could work with the other side...Lot of good that did him.

    On the numbers being revised after the election, I remember an article speaking to that. I'm in my big truck right now typing on the phone. I'll look fpr it and post it if I can find it.
    Was this it?

    'Did The BLS Give Obama A Major Election 2012 Gift?

    Just one month before the 2012 election, the Obama campaign received a major illegal campaign contribution from the Commerce Department. The Department’s Bureau of Labor Statistics (BLS) reported on October 5, 2012 that the nation’s unemployment rate suddenly dropped sharply over the prior month, from 8.1% to 7.8%. That supposedly ended the longest period in the nation’s history with unemployment over 8%, except for the Great Depression, which occurred under President Obama.

    Just before the election. How convenient.

    That was totally unbelievable at the time, and I and others said so then. In my Forbes column the very next week, “President Obama’s Unemployment Still Stuck at 14.7%,” I noted how inconsistent the supposed unemployment drop was with other contemporaneous economic data. The sharp unemployment drop supposedly resulted from a total of 114,000 new jobs created in September, 2012, according to the Establishment Survey of business payrolls of the Bureau of Labor Statistics that the Obama Administration had been emphasizing throughout its first term. But economist John Lott noted at Foxnews.com that the working age population had grown by 206,000 in September, 2012. With normal labor force participation during a recovery from a steep recession, that would have required 138,000 new jobs that month, just to keep pace with population growth, let alone to reduce the unemployment rate.'


    Did The BLS Give Obama A Major Election 2012 Gift? - Forbes


    Or this...

    Census ‘faked’ 2012 election jobs report | New York Post

    I am not sure how true the entire second article is. But it does at least raise serious concerns that there is data manipulation going on at the BLS.


    Frankly, IMO, to assume that the White House (no matter who occupies it) NEVER puts pressure on the BLS to legally fudge the numbers during important times AND that the BLS's head bureaucrats NEVER oblige such requests has to be incredibly naive.
    Last edited by DA60; 10-06-14 at 09:56 AM.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by SENSIBLE PATRIO View Post
    No I just know they are fudging numbers just like they do with inflation, and that you are an obamabot
    You want to believe they are fudging numbers because you have Obama derangement syndrome and can't think independently without your irrational hate for the president.
    "Those who do not remember the past are condemned to repeat it." George Santayana

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Another interesting fact from the report:

    Since Obama took office (January, 2009), there are 4,501,000 more Americans employed.

    Sounds great? Well, maybe not so great.

    Here is how the various age groups have done during that time (Jan. 2009 to today):

    16-19... -686,000
    20-24... +771,000
    25-54... -1,086,000
    55 and up...+5,417,000


    Since Obama took office, by my calculations, 1,001,000 less Americans under 55 are employed...but 5,417,000 more Americans over 55 are employed!?!

    That is Obama's great recovery?


    Table A-9. Selected employment indicators

    http://www.bls.gov/news.release/arch...t_02062009.pdf
    Page 16

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    Another interesting fact from the report:

    Since Obama took office (January, 2009), there are 4,501,000 more Americans employed.

    Sounds great? Well, maybe not so great.

    Here is how the various age groups have done during that time (Jan. 2009 to today):

    16-19... -686,000
    20-24... +771,000
    25-54... -1,086,000
    55 and up...+5,417,000


    Since Obama took office, by my calculations, 1,001,000 less Americans under 55 are employed...but 5,417,000 more Americans over 55 are employed!?!

    That is Obama's great recovery?


    Table A-9. Selected employment indicators

    http://www.bls.gov/news.release/arch...t_02062009.pdf
    Page 16

    Lol !

    All those attempted mitigations of the Labor participation rate by the Presidents supporters wiped out with with a couple of statistics.

    I thought these people were retiring in droves.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    Another interesting fact from the report:

    Since Obama took office (January, 2009), there are 4,501,000 more Americans employed.

    Sounds great? Well, maybe not so great.

    Here is how the various age groups have done during that time (Jan. 2009 to today):

    16-19... -686,000
    20-24... +771,000
    25-54... -1,086,000
    55 and up...+5,417,000


    Since Obama took office, by my calculations, 1,001,000 less Americans under 55 are employed...but 5,417,000 more Americans over 55 are employed!?!

    That is Obama's great recovery?


    Table A-9. Selected employment indicators

    http://www.bls.gov/news.release/arch...t_02062009.pdf
    Page 16
    Like I said, cherry picking of data. Instead of including the time when he stepped into office during a recession and including the time periods during which we were still losing jobs due to the recession, how about you find the figures since January 1st, 2011? I think that would be a MUCH better indicator of the jobs recovery.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Fenton View Post
    Lol !

    All those attempted mitigations of the Labor participation rate by the Presidents supporters wiped out with with a couple of statistics.

    I thought these people were retiring in droves.
    I gotta admit, even I was shocked.

    I had no idea the 'recovery' was skewing so far towards over 55's and away from almost everyone else.
    Last edited by DA60; 10-06-14 at 10:49 AM.

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