BLS Fudging Unemployment Number - Should Be 11.4%

Discussion in 'Politics' started by pspr, Jan 6, 2012.

  1. pspr


    One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people "drop out" of the labor force for one reason or another. While there is some floating speculation that this is due to early retirement, this is completely counterfactual when one also considers the overall rise in the general civilian non institutional population......

    It won't surprise anyone that as of December, the real implied unemployment rate was 11.4% (final chart) - basically where it has been ever since 2009
  2. pspr


    Also, 42,000 of the new jobs in today's report were for courier and messenger positions that will likely be reversed in next month's report as happened last year.

    Between that and the inclusion of Christmas workers, the next report could be a disaster.
  3. Lucrum


    Unless of course "they" don't want it to be. :mad: