US Somehow Adds 691K Full-Time Jobs In September

Tyler Durden's picture




 

The last time we caught the BLS systematically making up data, specifically as pertains to the NFP-parallel JOLTS survey, the result was truly epic: a one time adjustment in which the Bureau did everything it could to, in one month, plug the gap we had highlighted, resulting in the most skewed (and hilarious) data series we had every observed.

This time around, the BLS has once again outdone itself, focusing however not on the JOLTS survey, but on the one aspect of the labor force that has dominated public attention: the impact of Obamacare on the distribution of jobs by full-time vs part-time. As is well-known, and as we have been reporting for the past three or so years but becoming particularly acute in the last 3 months, virtually all job gains reported by the BLS had come in the ranks of the part-time workers, and to the detriment of full-time jobs. This resulted in substantial criticism of Obama, and the impact Obamacare has on jobs.

Well, some time in the past month and a half, the Obama administration called up the BLS and told them to remedy this.

Sure enough, while the September Establishment Survey was a disappointing +148K, far below expectations, it was the Household Survey where the fun was.On the top line, the gain in jobs was comparable to the Establishment number: a timid 133K.

However, looking at the breakdown between Full-Time and Part-Time jobs reveals something simply hilarious. The chart below summarizes it.

In brief: according to the BLS' magic calculations, in one month, the month during which the so-called uncertainly surrounding the government shutdown hit its peak (if one listens to CEO apologists), the US work force saw the rotation of some 594K part-time workers into a whopping 691K full-time jobs, in addition to adding over 100K net new jobs in the month.

And like that, the mouths of all those who criticize Obamacare have been shit for good, all courtesy of Arima X 12 and a few goalseeked tweaks in Excel.

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Tue, 10/22/2013 - 08:58 | 4079029 FreeBull
FreeBull's picture

Pure Bull

Tue, 10/22/2013 - 09:01 | 4079041 GetZeeGold
GetZeeGold's picture

 

 

Not sure we care for your inference Amigo.

Tue, 10/22/2013 - 09:09 | 4079079 krispkritter
krispkritter's picture

They're answering the Help Line for healthcare.gov "Zhank for callink. dis Peggy..." 

Tue, 10/22/2013 - 09:13 | 4079087 flacon
flacon's picture

Ehhh Sexy 'Bama!

Oppan Soviet Style!

 

Tue, 10/22/2013 - 09:14 | 4079099 bania
bania's picture

Full time dreamers.

Tue, 10/22/2013 - 09:33 | 4079156 poorjoel
poorjoel's picture

LOL - algos dont care about the real world.  All that matters is the print - its the "New Economy."

--------------------

If you are fed up with whats happening with the government - it all stems from one major thing: the government's control of our money.  We have placed in our government the ability to control the money supply and dish out new money to whomever they please (usually their cronies and the banks) and to spend and create that money in infinite amounts to SUPPRESS we, the People.

To break this system we have to bring back real money and thus limit government control over money and our lives.  We can break the system by overwhelming the physical markets and give a no-vote to their control over money - they key is the small silver market.

Join the Silver Pledge - an effort to change the system by having investors join up and buy physical silver - together we can break this market and take back our government.

You can read more here:

http://www.communitysynergy.com/subscribe/silver_pledge_site.html

If you dont like it dont sign up - but for people who are sick of sitting and doing nothing at least lets work together to BREAK this silver market

Tue, 10/22/2013 - 15:38 | 4080466 lasvegaspersona
lasvegaspersona's picture

At what point does silver touch the monetary system?

No central bank owns any (they have gold not silver).

No country uses silver (since China quit in 1945).

Silver's industrial use depends upon a growing economy. Is this how you will get increased demand?

The silver community is a very risky place to live.

I'll have gold please.

 

Tue, 10/22/2013 - 09:12 | 4079091 kralizec
kralizec's picture

ROLMFAO!

Tue, 10/22/2013 - 09:02 | 4079045 PartysOver
PartysOver's picture

I guess the politically correct way to say it is "Anal Extraction Number".  Since a little nicer than the other way os saying it.

Tue, 10/22/2013 - 09:08 | 4079068 John Bigboote
John Bigboote's picture

Epic farce.

Tue, 10/22/2013 - 10:21 | 4079315 t0mmyBerg
t0mmyBerg's picture

John Bigbootay, it is worse than that.  This continues the deterioration of the reliability of the public sphere, now degraded past the point of any usefulness whatsoever.  The result should be the death of anyone who ordered or complied with orders to change the data for political purposes.  This IS the kind of shit that happens in societies ruled through the control of propaganda, whether that is the big old bad boys such as wartime Germany and the Soviets or tinpot dictatorships in the jungle. 

But the problem ultimately lies in the takeover of education by radicals.  Justice O'Connor said it well recently when she warned that a democratic republic is going to have problems when the level of ignorance of the general population reaches epic levels, or said conversely, when the level of general knowledge about even the most basic facts and precepts about how such a polity functions falss well below some critical threshold, as has now happened to ours.

To return to the Buckaroo Banzai theme, we needed a John Parker but what we got was a John Wharfen, though in the body of a black lectroid from planet ten.

Tue, 10/22/2013 - 09:17 | 4079105 Nothing but the...
Nothing but the truth.'s picture

More government lies - they are now officially confirmed as pathological liars.

Tue, 10/22/2013 - 09:36 | 4079167 DYS
DYS's picture

JUST NOW???!?

Tue, 10/22/2013 - 11:13 | 4079502 doctor10
doctor10's picture

and so why DO we need a BLS? Anybody?

Tue, 10/22/2013 - 08:59 | 4079031 TeamDepends
TeamDepends's picture

The emperors clothes are naked!

Tue, 10/22/2013 - 11:06 | 4079471 StychoKiller
StychoKiller's picture

Don't you get it?  The Obamatron hired top men to program healthcare.gov!  An infinite number of monkeys, Shakespeare, yadda, yadda!

Tue, 10/22/2013 - 09:00 | 4079033 VD
VD's picture

QE clearly works [to keep indices up, BLS lying away and no semblance of legitimacy in the econ].

 

fuck this nonsense: time to make moar $ and BTFATH!

Tue, 10/22/2013 - 09:01 | 4079034 LawsofPhysics
LawsofPhysics's picture

Control the language and the message and you control the sheeple...

same as it ever was...

Tue, 10/22/2013 - 13:43 | 4079987 SDShack
SDShack's picture

Yep, everyone now knows just what a shitter the economy really is.... nothing but lies means one thing and only one thng...."When it's serious, you have to lie."

Tue, 10/22/2013 - 09:01 | 4079042 SheepDog-One
SheepDog-One's picture

Total lies....and the whole country just puts up with it like a battered housewife.

Tue, 10/22/2013 - 09:54 | 4079228 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

a battered housewife knows the source of her agony, whereas the american people are at best vaguley cognizant, at worst completely unaware.

 

99% of americans can't even correctly identify The Bernank on a map.

 

Tue, 10/22/2013 - 13:43 | 4079976 SDShack
SDShack's picture

It won't change as long as people have food on the table. Eliminate that and revolutions begin.

Tue, 10/22/2013 - 09:02 | 4079043 youngman
youngman's picture

You know that came directly from the White House....."change that number"

Tue, 10/22/2013 - 09:10 | 4079083 GetZeeGold
GetZeeGold's picture

 

 

Stroke of a pen.....law of the land. Kinda cool!

Tue, 10/22/2013 - 09:23 | 4079117 WOAR
WOAR's picture

So let it be written, so let it be done!

Tue, 10/22/2013 - 11:47 | 4079628 SokPOTUS
SokPOTUS's picture

A Klintoon Administration reference....nice.

Tue, 10/22/2013 - 09:03 | 4079050 fonzannoon
fonzannoon's picture

" Interest rates are back down to where maybe housing will be re-ignited"

Jim Cramer (stupid face/shrugging)

Tue, 10/22/2013 - 09:06 | 4079064 29.5 hours
29.5 hours's picture

 

With so many new full-time workers, there is absolutely no objective barrier to a renewed and completely healthy housing market.

Maybe I should buy a house before all those other people contribute to a price rise...

Tue, 10/22/2013 - 10:47 | 4079402 Meat Hammer
Meat Hammer's picture

Well, I mean, there's never been a better time to buy a house, you know?

/sarc for those special people out there.

Tue, 10/22/2013 - 09:09 | 4079076 Cursive
Cursive's picture

@fonz

Who is more to blame?  The culprit or the enablers?  I don't think there is a right answer, as surely as Stalin, Pol Pot, the Bushes and Obama are the bad actors, but surely these tyrants/murderers would not have control over us if we did not let them.  So it is with Cramer.  We, collectively, are the fools.

Tue, 10/22/2013 - 09:28 | 4079139 fonzannoon
fonzannoon's picture

Cursive I just think it will always be this way. There will be no organization on any scale that will right any of these wrongs. You just have to find your own way through and hopefully assemble a good group of people around you. It will be very difficult.

Tue, 10/22/2013 - 09:52 | 4079215 Cursive
Cursive's picture

@fonz

Yes, it's human nature and it will always be this way.  There is no path to perfection for humans, and that should always be our warning - anytime social change is attempted at the state level, things go disasteriously wrong.  There are no safety nets.  This is life and any attempt to change Nature will be met with a fierce, cleansing response.  I'd rather fight little battles against the garden variety challenges of Nature, than hand-to-hand combat in the ghettos....

Tue, 10/22/2013 - 11:07 | 4079476 StychoKiller
StychoKiller's picture

Who's gotta match?

Tue, 10/22/2013 - 09:04 | 4079052 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Lies are good.

Truth is scary.

Damn the torpedoes!

Damn it, Janet!

Pass the popcorn.

 

 

Tue, 10/22/2013 - 09:04 | 4079053 Cursive
Cursive's picture

Someone please explain to me the difference between Soviet Russia and Nanny State Amerika.

Tue, 10/22/2013 - 09:12 | 4079088 Cursive
Cursive's picture

@fonz

Shame on you for cherry picking...but, I would like to pick of few of those cherries myself.  :D

Tue, 10/22/2013 - 09:15 | 4079103 Charles Nelson ...
Charles Nelson Reilly's picture

We got MacDonalds & Walmart, they didn't!

 

USA 1

USSR 0

Tue, 10/22/2013 - 13:22 | 4079916 Fíréan
Fíréan's picture

They do have McDonalds in Russia. Just not enough to get on.

http://www.moscow-russia-insiders-guide.com/images/mcdonalds-restaurant-...

Tue, 10/22/2013 - 09:19 | 4079104 Running On Bing...
Running On Bingo Fuel's picture

Nanny State is 'shit for good'.
Russia - evil communists with peculiar fascination with color red

Tue, 10/22/2013 - 09:18 | 4079109 Dr. Engali
Dr. Engali's picture

Judging by the average Walmart shopper I'd say about 120 pounds per citizen.

Tue, 10/22/2013 - 11:48 | 4079631 SokPOTUS
SokPOTUS's picture

Boris...you've been paged...

Tue, 10/22/2013 - 09:05 | 4079055 Shizzmoney
Shizzmoney's picture

RE

As is well-known, and as we have been reporting for the past three or so years but becoming particularly acute in the last 3 months, virtually all job gains reported by the BLS had come in the ranks of the part-time workers, and to the detriment of full-time jobs. This resulted in substantial criticism of Obama, and the impact Obamacare has on jobs.

Yet his economic council says 75% of jobs created this year are full time jobs.

However, yesterday Senator Bernie Sanders tweeted that 75% of the jobs he's seen have been PART-TIME.

Considering him and Ron Paul would be the only politicans I know of who would even mention the U-3 and the U-6 numbers....I'd go with their assertions and not some paid-statist flak.

Tue, 10/22/2013 - 09:05 | 4079056 firstdivision
firstdivision's picture

(SQRT(-1)*Weight of Current Fed Chairman)-(SQRT(-1)*Sine(PI/PI^2)-Main Street Incom)+(Expected Bankers Bonuses^ert)=Today's Delta

Tue, 10/22/2013 - 09:07 | 4079058 Ralph Spoilsport
Ralph Spoilsport's picture

BLS hath spoken! Now go forth and proclaim it throughout the land, for it is our version of truthiness, and today's talking points.

Tue, 10/22/2013 - 09:06 | 4079059 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Wow, so looks like Ms. Sebellius was correct when she went on the Daily Show!

Full time nation!

Tue, 10/22/2013 - 09:06 | 4079060 Ness.
Ness.'s picture

NFP miss.

 

Net TIC flows miss by $40B.

 

CAT data is horrible:

Asia/Pacific -24%

EAME -11%

Latin America -10%

ROW -15%

North America +4%

World -9%

 

And yet we rally.  Wow.  Well done boys, well done.

Tue, 10/22/2013 - 09:06 | 4079062 NoWayJose
NoWayJose's picture

Remember, these are the stat guys that will be guesstimating the costs and benefits for your health care, your Social Security and Medicare, your interest rates, etc, etc...

Tue, 10/22/2013 - 09:24 | 4079122 MilleniumJane
MilleniumJane's picture

Not to mention inflation.

"It's a big club, and you ain't in it."

Tue, 10/22/2013 - 09:06 | 4079063 alfred b.
alfred b.'s picture

 

     So now a 25-hour workweek is considered fulltime employment....isn't life grand?!?!?

 

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