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FACT CHECK: LABOR SECRETARY SOLIS MISLEADS ON JOBS REVISIONS

 
Anonymous Coward
User ID: 11391214
United States
10/05/2012 01:30 PM
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FACT CHECK: LABOR SECRETARY SOLIS MISLEADS ON JOBS REVISIONS
The BLS reported that while only 114,000 jobs were created in September--which would have translated into a rise in unemployment from 8.1% to 8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is the fastest in nearly three decades, and was unexpected even in the rosiest predictions.
One reason for the rise was an upward revision of 86,000 to the July and August jobs numbers--all of which came from a 91,000 increase in the estimate of public sector jobs. Private sector job estimates were actually revised downward by 5,000.


[link to www.breitbart.com]
N3m3s1s

User ID: 1217160
United States
10/05/2012 02:02 PM

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Re: FACT CHECK: LABOR SECRETARY SOLIS MISLEADS ON JOBS REVISIONS
This report is bullshit and they've been manipulating these numbers and the headlines for the past 4 years. A .3% drop is almost unheard of and is especially unbelievable given the current economic situation.

Go look at the PMI figures for a more accurate reflection of where the economy is. The Chicago PMI just printed at 49.7, the lowest level is 3 years.
Epic Beard Guy
Constitutional Crusader

User ID: 24840423
United States
10/05/2012 02:26 PM

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Re: FACT CHECK: LABOR SECRETARY SOLIS MISLEADS ON JOBS REVISIONS
That's so obvious that even the lame stream media is calling her on it!
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
Anonymous Coward
User ID: 1308559
Canada
10/05/2012 04:48 PM
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Re: FACT CHECK: LABOR SECRETARY SOLIS MISLEADS ON JOBS REVISIONS
The BLS reported that while only 114,000 jobs were created in September--which would have translated into a rise in unemployment from 8.1% to 8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is the fastest in nearly three decades, and was unexpected even in the rosiest predictions.
One reason for the rise was an upward revision of 86,000 to the July and August jobs numbers--all of which came from a 91,000 increase in the estimate of public sector jobs. Private sector job estimates were actually revised downward by 5,000.


[link to www.breitbart.com]
 Quoting: sonic doom


Is it just me, or does the Secretary of Labor have "man hands"? ... yoiks!

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