fusillade762: Jobs numbers bad for Obama = GospelJobs numbers good for Obama = Conspiracy
benjordan: I think it's worth noting that the NFP report is one of the most manipulated numbers out there - it really shouldn't be taken as a gospel number at all. For one, the sample size is relatively small (about 2.5 million emplyees as I recall) but even after that it's significantly adjusted for seasonality, births and deaths and a variety of other factors that the BLS doesn't really explain. It used to be that there was an actual real employment number metric that came out the wednesday before the NFP : the ADP jobs report. However people complained that their number didn't match the BLS, so they started adjusting theirs as well.
Kanemano: Why would you ever hire a guy nicknamed "chainsaw" in the first place.
Sm3agol85: benjordan: I think it's worth noting that the NFP report is one of the most manipulated numbers out there - it really shouldn't be taken as a gospel number at all. For one, the sample size is relatively small (about 2.5 million emplyees as I recall) but even after that it's significantly adjusted for seasonality, births and deaths and a variety of other factors that the BLS doesn't really explain. It used to be that there was an actual real employment number metric that came out the wednesday before the NFP : the ADP jobs report. However people complained that their number didn't match the BLS, so they started adjusting theirs as well.Here we go again.#1. You apparently have no idea what a good sample size even is.#2. You don't even attempt to look up what is.#3. Completely unsubstantiated claim of number manipulation.#4. "2.5 million as I recall". GOOGLE IT FOR CRYING THE FARK ALOUD YOU LAZY TWAT, YOU TYPED THIS ON A COMPUTER WITH INTERNET SERVICE.#5. Adjusted for factors that the BLS doesn't really explain.....YES THEY DO YOU LAZY TWAT.And you people wonder why you are laughed at and never taken seriously by anyone but your echo chamber occupants? Seriously, look the stuff up.
coeyagi: mrshowrules: urbangirl: RolandGunner: So when faced with unusually low unemployment numbers in 2003, Obama's economic adviser Austan Goolsbee claimed "the government cooked the books".OUTRAGE!!!Wrong then, wrong now.Next.Plus the quote was a lie. He quoted the author's opinion instead of what Goolsbee said.Not sure about that. The bracketed text, as claimed by the article writer, was from Goolsbee in 2003. Of course, it's not sourced at all, so it's up to us to decide if:-the quoted text is from Goolsbee as claimed but not sourced.-the author is a piece of sh*t liarGiven the outlet, probably the latter
ladyfortuna: zarberg: If Fartbama was going to fake the jobs numbers, why wouldn't he make them just a little better?Unless ... he's a lot smarter than they give him credit for, and he's just faking them by small amounts.[thehumanscorch.files.wordpress.com image 419x327]Take an Economics Survey course (as apposed to more in depth macro/micro classes) and you learn that when unemployment runs out, the people who have a. lost that money (and thus the tracking) and b. haven't gotten a job that reports their paycheck/taxes/etc stop being counted. I forget the term but it's not a secret statistic, I'm betting every professional economist knows about it. This in turn effects the official unemployment numbers, making it seem like UE has gone down.I don't know as much about how they tally the overall jobs lost/jobs gained count, but I assume they count it a lot like balancing your check book; ie count both + and - and whichever one is greater, that's what gets reported. it's not going to reflect the actual unemployment rate, but it is a measure of whether an economy is recovering or not...Feel free to set me straight though, I'm merely an armchair economist/observer.
one small post for man: Stewart slammed Welch last night."The job numbers don't feel right and they don't smell right. That's two of the five senses. How do they taste?"/something like that
Tumunga: Opinion piece? His opinion got him shiat canned? hmmmmm...Looks like the MSM are circling the wagons. Kicking out those who don't toe the gospel as set forth by the Chicagoans.
Unexpected news reached Jack WelchIt,in fact,caused him to loudly belch:"Unemployment's gone down?!"He said with a frown,"My GOD,this positive trend I must squelch!"
vpb: And this is a guy who is supposed to be such a genius that he is worth hundreds of millions of dollars.
Makh: Reuters should have specified that they wanted opinion based in fact.
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