LOL, good find, this is one of the funniest things i have seen on elite trader in a long time! The same guy who is saying "conservatives think linearly" was cheerleading the housing bubble, too funny.
Complete smoke and mirrors. The BLS had 1.2 million people (no, that's not a typo) fall out of labor utilization.
LOL That is what is said about the employment numbers that have come out over the last 20 years, every time people say the numbers aren't real.
Educate yourself about the history of these numbers. They've made major changes to the computations over the decades. This isn't the same number that was reported in the late 70s.
LOL yeah that's why everybody is saying the numbers aren't real is because they aren't computed the same way as they were in the 70's. My point is valid, every single time the numbers come out, people complain that the numbers aren't real, unless of course the numbers make Obama look bad then the Republican's go crazy quoting the jobs report numbers. Numbers bad = Obama is doing a bad job. Numbers good = Numbers aren't real.
Are you saying 1.2 million people did not fall out of the labor count? Are you telling me that ZH is lying?
Your partisan bias is showing again. This has nothing to do with Republicans and Democrats, and everything to do with Lies and Statistics. It's about getting to the truth, regardless of which puppet idiot sits in the oval office. If you want to drink the kool-aid, that is your right. But don't get your panties in a bunch when we laugh at how disillusioned and clueless you are. Incidentally, for anyone interested, Shadowstats.com keeps a running tally of the unemployment rate how it was calculated back in the 70s. It's not 8.3% Lastly, the ONLY chart that matters is the labor utilization one. Everything else is irrelevant. The amount of the population employed vs. unemployed is all that matters.