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US Economy Adds Only 114K Jobs; Unemployment Now 7.8%... Total Employment 'Highest One-Month Jump In 29 years' & Right Before Election!!

 
Anonymous Coward
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Canada
10/05/2012 09:02 PM
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Re: US Economy Adds Only 114K Jobs; Unemployment Now 7.8%... Total Employment 'Highest One-Month Jump In 29 years' & Right Before Election!!
can't be bothered to read all of the posts.

Unemployment rate determined by household survey.

Jobs gained/lost done by BLS.

2 different measurements.

Likely both are BS and 'massaged'

So 114k jobs is a BLS number and increase of 580k jobs is survey. Again, both are BS.

Finally, the 7.8% is not total unemployment rate. An easy way to get the unemployment rate to 0% is to fire full time workers and hire back 2x as many part time, and the unemployment rate will go to zero. Does that make anything better?

PS: I am a canuck, and I hate Romney, but I hate this BS we are being handed even more. (Romney would be doing the same if in power)

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