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Fact Check: Labor SecretarySolis Misleads on Jobs Revisions
by Joel B. Pollak5 Oct 2012
Suspicion about the federal government's September jobs report has fallenon Secretary of Labor Hilda Solis, who appeared on CNBC this morning anddefended the numbers from the Bureau of Labor Statistics (BLS),claiming--falsely--that upward revisions of 86,000 jobs were from the privatesector. In fact, the new number is entirely accounted for by upwards revisionsto state and federal government payrolls.
The BLS reported that while only 114,000 jobs were created inSeptember--which would have translated into a rise in unemployment from 8.1% to8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is thefastest in nearly three decades, and was unexpected even in the rosiestpredictions.
One reason for the rise was an upward revision of 86,000 to the July andAugust jobs numbers--all of which came from a 91,000 increase in the estimateof public sector jobs. Private sector job estimates were actually reviseddownward by 5,000.
In addition, the BLS reported a large rise in the number of part-time jobs,adding 600,000 jobs to the total--a dramatic increase of 7.5%, not explained byany other economic indicators--and raising questions about whether thegovernment had changed the way it counted part-time workers.
http://www.breitbart.com/Big-Government/2012/10/05/Suspicion-Falls-on-Labor-Secretary-Solis-as-Jobs-Numbers-Questioned
by Joel B. Pollak5 Oct 2012
Suspicion about the federal government's September jobs report has fallenon Secretary of Labor Hilda Solis, who appeared on CNBC this morning anddefended the numbers from the Bureau of Labor Statistics (BLS),claiming--falsely--that upward revisions of 86,000 jobs were from the privatesector. In fact, the new number is entirely accounted for by upwards revisionsto state and federal government payrolls.
The BLS reported that while only 114,000 jobs were created inSeptember--which would have translated into a rise in unemployment from 8.1% to8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is thefastest in nearly three decades, and was unexpected even in the rosiestpredictions.
One reason for the rise was an upward revision of 86,000 to the July andAugust jobs numbers--all of which came from a 91,000 increase in the estimateof public sector jobs. Private sector job estimates were actually reviseddownward by 5,000.
In addition, the BLS reported a large rise in the number of part-time jobs,adding 600,000 jobs to the total--a dramatic increase of 7.5%, not explained byany other economic indicators--and raising questions about whether thegovernment had changed the way it counted part-time workers.
http://www.breitbart.com/Big-Government/2012/10/05/Suspicion-Falls-on-Labor-Secretary-Solis-as-Jobs-Numbers-Questioned