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Listen To Obama Explain Why The US Labor Force Declined By 1.2 Million And Why Temp Jobs Surged By A Record
Actually, now that we think about it, he may not touch on those specific issues.
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Bullshit Labor Statistics (BLS) is doing its thang...
1.2 million working age people no longer have the honor & privilege of being 'counted' for purposes of tabulating unemployment + inherently flawed 'seasonal january adjustment' + a whole lot of temporary workers @ no benefits and minimum wage = turn an actual survey data of a loss of 2.6 million jobs into a BLS reported gain of 243,000 jobs.
Yeah....
....Recovery, bitchez!
How do you know when Obama is lying?
Obama is the King of Shit.
If another 100 million Americans of working age can be 'not counted' by the BLS, the unemployment rate will drop to approximately 2%.
Wow. But Is the Number Real?
February 3, 2012, 10:13 am
By FLOYD NORRIS
Eat your peas™.
A black, a Muslim, and a communist walk into a bar.
The bartender looks up and says,
"What can I get you, Mr. President?"
A black, an arab, a white man, and a satanist walk into a bar.
The bartender looks up and says,
"What can I get you, Mr. President?"
A dog, a pony, and a show walk into a bar.....
How can they be walking into bars when they are too busy stampeding people to death at soccer games?
aslam alekem brothers.
The civilian labor force participation rate dropped from December 2011 to January 2012 from 63.8% to 63.4%. this is the lowest it has been since May 1983. The employment-population ratio dropped from 58.5% to 57.8% from December 2011 to January 2012. So why has the unemployment rate dropped from 8.5% to 8.3%?
The civilian non-institutionalized population increased from 240,584,000 to to 242,269,000, a increase of 1,685,000, and more importantly the actual civilian employment dropped from 140,681,000 in December 2011, to 139,944,000 in January 2012.
Using the BLS data the employment was 139,994,000 and the civilian labor force was 153,485,000 for a unemployment rate of 8.8%. So there is a statistical correction with their numbers of 0.5%?
If you use the late 90s as a base line the unemployment rate is 139,994,000/164,112,000 = 14.7%. The 164,112,000 is based on a growth rate of 16.68% in the civilian non-institutional population increase since June 1999.
If you use more recent participation rate the unemployment rate INCREASED to 11.5%.
Either way you calculate it the federal government has decided they do not want Mitt Romney cutting their budgets and the propaganda war is on. Look for this bogus data to continue through election day.
http://usa-wethepeople.com/2012/02/propaganda-unemployment-numbers/
A French, Pollock, Portuguese, Spainard, Irish, Italian, Greek, Hungarian, Slovenian, Croatia, Serbian, Cypriot and Romanian... walk into a bar...
and die of thrist.
No money.
Wow! 243000 New Jobs Created in January
The Economic Populist Speak Your Mind 2 Cents at a Time
Wow! 243,000 New Jobs Created in January
Submitted by Numerian on Fri, 02/03/2012 - 10:24
While a whopping number of jobs were created in January, a far larger number of people left the labor force - 1,752,000 in fact. The percent of the total working population who did not have jobs rose to 36.7%, an all time high. It’s no wonder the unemployment rate fell, when the denominator shrinks so markedly. The total number of people employed fell by 737,000. So what do you want to celebrate – the 243,000 who got jobs, or the million or so people who dropped by the wayside and are no longer counted in the data?
It makes you wonder how much faith you can put in the Labor Department reports. For example, the government, the business press, and Wall Street rarely report on the fundamental ways in which the US labor market is changing, with so many people dropping out of the work force. The press has had a hard enough time getting to grips with the Labor Department’s Birth/Death model, which over time adds to the number of people reported as employed. The model is supposed to compensate for the inability of the government to get good information on the number of new businesses created every month and which presumably add to employment. The problem is the model has been shown in the past to have significantly overestimated the number of jobs created by new businesses. Economists still don’t know if the model is appropriate, and how much of the 243,000 jobs created this month are the result of the Birth/Death model.
(A) A Birth Certificate?
A racist, a liar and an idiot walk into a bar.
The bartender looks up and says,
"What can I get you, Mr. Buckaroo?
Obummer is bad enough without this bullshit. Stick to facts!
A douchebag without a sense of humor or an understanding of who Obama really is, walks into a bar.
The bartender looks up and says,
"Why the fuck don't you go back to HuffPuff, DailyKos, or wherever it is you came from, and they can keep stuffing your head full of politically-correct useless crap?"
See, that wasn't so hard!
Those are the sites they train you the president and others are wearing cloths, even though they're naked.
What is the official drink of the Obama Administration?
Kool-Aid with no sugar
Cool aide laced with flouride
3 guys with no legs walk into a bar.....
When he opens his mouth.
When he is talking.
The muscles of the Puppet Masters arm(which extends from his ass) flex, indicating his lips are moving again...
The woman to his left looks supremely uncomfortable. I wonder if she noticed the arm...
Answer: When he is talking
The actual survey showed the big loss in jobs (2,689,000 jobs in the month). The seasonal adjustments produced the reported gain of 243,000 jobs.
Amazing how these asshats can make the data whatever they want (change 2,689,000 loss into 243,000 gain)
3 decimal places is just a rounding error. Good enough for the affirmative action president.
comon - that is so true....+100
I'll see your 243,000 and raise you another 100,000.
See that wasn't so hard!
Buffoon.
Thank you Mr Obama,
ZIRP and open swap windows (with no disclosue) forever!!
Signed,
The Federal Reserve Bank (and the private interests therein)
ZIRP? Zero I(Q) Reject President?
Uh oh, he doesn't have his teleprompter.
Troops will come home to "new jobs, new opportunities and new ways to serve their country" (in Iran, and in body bags, for instance)
Don't kid yourself. Obama believes things are getting better - he's in the bubble. All of them are. How many presidents blindly followed Greenspan off a cliff. Ben and Timmy tell Obama they can hold it together for another 8 months - he believes them.
That trust is misplaced.
that is a stupid statement....he and his people fake the numbers...they know exactly what is going on.
they work the numbers relentlessly. bernake just admitted ' it is not illegal for me to print endless money, it is legal. if you don't like it change the laws, but stop complaining to me for doing my job'.
they know exactly what they are doing - and can you do anything about it? we were challenged. big bad bama is dummer than f. he really doesn't know, doesn't want to know and never will know. he's just a puppet.
anybody seen jon corzine lately? i'll bet he isn't have lunch with jamie dimon anytime soon.
"We set up an online tool that helps match veterans with jobs that require their skills"
Do I smell a government-funded dot-com IPO in the future? I think I do. Bullish!
All I see is a flapping head with meaningless noise spewing out...
My Wife is on TV?
head...flapping...spewing....god i thought of your wife also!
Everyone catch that. Veterans being put back to work "protecting" America at home. Apparently we all need to be protected now. By the way, have NATO and the U.N. "liberated" Iran yet?
Can you say NDAA?
Where do I sign up. I need a job with security. (if you catch my drift). Maybe I could be a neighborhood minder. (as in mind everyone's business).
Can we get a Washington Wally kind of like Bagdad Bob to roll out this shit? Seriously, let's get fully into the third world propoganda shit.
All or nothin'. I want the rifles fired into the air, full military garb loaded with 'war medals', arm cords, the whole fucking show.
Saddam wore very heavy gold chains around his neck in the last days before the invasion.
I think obama needs a Saddam beret and some gold neck chains. And a rug for his chest so he can open the top buttons. Don't forget a little pistol.
.. and 47 medals and assorted ribbons. Gotta have a fruit salad on his chest!
Does anyone remember when journalists would or could ask real questions at a press conference such as, "Any comment, Mr. President, on the facts that The US Labor Force Declined By 1.2 Million And Maybe Your Thoughts On Why Temp Jobs Surged By A Record Number?"
Did that ever really happen?
Yes, before the homogenation of news that began with newspaper M&A.
You may also find it hard to believe that there was a time when opinion was reserved for the editorial page, and not news or features. Today, nearly every article contains opinion.
Every opinion seems to have an asshole behind it. Isn't there an old saying about that?
....that was when we had journalists....today we have 'reporters'....they report what they are told...don't ask / don't tell...they then go back to their life devoted to texting on facebook....the new opium of the masses (tm).
Uh oh. The POTUS just said that we need to do some nation building here. It worked well in Iraq and Afghanistan.
I Barack Barry Hussein Soetoro Obama what's his name, alone have saved you serfs from the brink. I'm here today to offer you Hope n Change...roads, bridges, schools the children and free college degrees for everyone.
Did TOTUS just say use half of the money we're not spending on war to pay down US debt? That's not possible when running a deficit. I mean, I guess that's the equivalent of paying the $25 minimum payment on a credit card with a balance of $100,000 even though the credit limit is $70,000.
He isn't lying, his mouth is lying to him.
after all is said and done, he's just a puppet. i finally really came to that conclusion. as the kids say 'duh'. some of these other clowns have 'connections' and 'interests' but they are still negotiable and enter into deals. newt swings deals. romney swings deals. hillary and bill swung deals. bush swung some stupid deals and was basically cheney's puppet, while cheney swung deals. but this clown is 100% puppet on a string.
This guy is terrified of looking just straight ahead in the direction of the camera. This is a big sign of a liar. Hey Barry! Look ahead!
I've combed through many monthly employment reports over the past five years, but I have never seen one as fudged as this one.
Good thing for me, I like fudge.
No, you can't grow your way out of a debt hole by having engineers deliver pizza.
our american engineers arent trained enough to deliver pizzas...we need to get h1 visa indian engineers to deliver our pizzas.
i think they are working on outsourcing that however, that should help.
Where's Krugman?
He should be PISSED about this (artifice & sham) BLS report!
This may doom his 202 trillion USD proposed Impending Uranus and/or Mars Invasion of Earth Defense Stimulus Act, which would provide enough funding to save and/or create 70 to 7 million shovel ready jobs.
I think Krugman may have to up that figure, because it doesn't cover the $780 trillion to $1.45 quadrillion in OTC derivatives.
Digging one's own grave qualifies as a shovel-ready job, yes?
..the hard part is hitting yourself over the head....heil huessen!
Is the first stage building Newt's moonbat.. er.. base?
Obama and his Monkey Ben .
Watch this primate's behaviour... much more entertaining: http://www.youtube.com/watch?v=vEOkoQSR_is&feature=fvst
This was posted on 1/22/2012. After the NFP #'s came in today (we are in one of the largest expansions in our history). I am ready to leave this business NOTHING IS REAL NOTHING when this thing breaks ourselves and our children are DOOMED. I have to say start getting your affairs in order.
http://www.youtube.com/watch?v=_UTGh5iMXtc&feature=related
I am getting too angry to watch any more of this shit...
my bullshit detector has just hit the red alert zone
ready to blow a circuit...
wr;)
Airbrushing History...
"In a look over the surprisingly good Jobs Numbers from the US today, I was surprised to see that there had been a very thorough airbrushing of history. They even went back and revised the Birth Death Model which is an imaginary set of Jobs assumptions in the first place!
This would not be noticed unless someone has kept a copy of the old reports on their own records and spreadsheets. I only have them going back to 2002. But I have to say that the employment picture in 2003 does not even begin to look like 2003 did when it was reported only a few years ago. That changes that have accumulated over time are actually shocking." -Jesse Cafe American
I bet once he will be re-elect he will ask for a third mandat.....
If stupidity got us into this, can't stupidity get us out?
No, you fool. It's the other way around - obviously. If stupidity got us into this, it will most certainly get us out! Sometimes I just get so frustrated over the public displays of stupidity.
http://www.youtube.com/watch?v=29BoqCMRBFk
Don't worry, I've heard that Obamma has created three more departments headed by three Harvard graduates who know what they are doing. They will get us out of this mess! http://www.youtube.com/watch?v=u4ZgVRJ-H8U
larry, moe, and curly.....?
....being an old fart, I used to laugh at the crap Pravda published, but we have outdone them....today we get this total bs from the government and no one calls them out on it (except here) and we are going to have an IPO for a company that provides an infinite number of time sink holes to keep the unemployed serfs occupied.
When I was in West Berlin whenever I told a tall tale in a bar and people would ask "Really?" I would always come back with REALLY! I read it in Pravada just the other day.
What is really frightening is that the old Pravda and RT do more indepth and honest reporting than the Amerikan Main Stream Media.
Dear Mr. Bernanke- Now that everything is fixed could I please get at least 2.5% on my savings. I really am tired of cat food everyday for dinner and the inflation is putting that out of reach as well. I don't think 2.5% is unreasonable in a booming economy. Thank you Sir
You need to cut that cat food with some sawdust and ground cardboard to make it go futher. Ben is saving the free world right now, quit buggin him.
and iPad.
I can't get the video at all. Does anyone have a link?
whitehouse.gov doesn't feel like putting up the video I guess....
Rosemary's Baby is the Antichrist, not known for telling the truth. Lol
The Pope and Obama are on the same stage in Yankee Stadium in front of a huge crowd.
The Pope leans towards Mr. Obama and said, "Do you know that with one little wave of my hand I can make every person in this crowd go wild with joy? This joy will not be a momentary display, but will go deep into their hearts and they'll forever speak of this day and rejoice!"
Obama replied, "I seriously doubt that! With one little wave of your hand....Show me!"
So the Pope backhanded him and knocked him off the stage!
AND THE CROWD ROARED & CHEERED WILDLY and there was happiness throughout the land!
Kind of brings a tear to your eye, doesn't it?
....then the pope buggered a 4yr old boy.
I'll admit to not having expertise, but there's a lot of conflicting reports out there disputing ZH/Denninger/Santelli numbers (i.e. Barry Ritholtz).
There's a lot of math deficient Zerohedge haters out there. They nitpick Tyler's wording and completely ignore what he's saying mathematically.
math..?...what does math have to do with anything. your overlord has spoken...bend over and kiss his ass.
My penis also got alot bigger because I reduced my height by 12 inches.
my penis always gets bigger when i put it thru the black box....
Rushbo read Tyler's ZH reports on BLS "BS" for the first 15 minutes of his show....naming Tyler Durden by name ! No mention was made of Monedas 2012 Serving Humanity Without Fanfare
That would be "must hear listening", Tyler refuting Rush's BS with actual facts...one can only dream...
A Federal Reserve Chairman a "nobel prize winning economist" and a Treasury Secretary walk into a bar......and order three beers.
The barman says "That'll be $10 please gentlemen"
"Oh no it's ok, just add it to the tab, we know it's over $16 trillion but El Presidente can just raise it another trillion" The three stooges reply
President Food Stamp strikes again!
This whole system is one continuous creeping coup, an insurrection against constitution and law from beginning to end.
From personal experience.
"Worker on hourly pay at will"
Grovels: "But Boss, I cannot do anything with this shit equiptment...."
"Temp on assignment, when complete job finished"
Stands strong: "Your equiptment's failure to task is not my problem. Get it fixed next time so we can get this shit done.." (Hourly workers are angry and plan several ways to ensure Temp does not enjoy the sunshine.)
Hourly workers must travel on days off to mandatory meetings on which they will be told cost containment measures and what not to do. Temps are not required or expected to worry about these annoying employment conditions.
There are Agencies who round up Temps with a very basic IQ and they would be brought in to do jobs no one else will do in winter. "Open this door on command. Close door on Command. Understand!?"
Your back pain matters not, clock out and I will put another temp on your door. Stop whining.
Boss view on temps vs hourly workers.
Cost per week in gross hours times workers paid.
Or
Cost per batch of temps required to complete a revenue generating task. Ensure this cost is always less each year. Replace expensive Temp services with Street Collectors when possible.
Best job in the world. Herding Temps as a crew to do one task by yelling. Hey MF! Get over there now! RIght now!~ You too, double time. WHat the fuck! THis crew pisses me off.... abuse the crew until they get moving as one.
Then sit back and relax to enjoy the sun as crew automatically executes the job task without thinking now that you got em moving in peace towards the goal.
You will lose the less disclipined temps as they walk away one by one. When you have no more crew or no more stones to haul tell boss, thank you. See you next week.
Now the great reward goes to the more stubborn of your temps when they stand up to you and yell that you are not my bitch daddy and dont sign my check and give orders to me etc etc etc.
You assign them the leader crewman on the spot telling them, fine. You want my job? Have it right here and get to it. Im going fishing bye.
Some will learn in a short time how to run a crew or happily shut up and return to said crew. A few will be respected and make good crew leaders.
Eventually the year goes by and those who can lead are known while the new temps are shaken down.
It's rather Klingon-Like, but it is effective in sorting out the weak from the strong.
Evwentually with enough crews and leaders who answer to me, I become a temp company and hire the flowers to answer phones and chase hourly employers.
got any more of that microdot, buddy?
If enough people drop out or retire, we will get to 0% unemployment! And then we will realize that 58.5% of the population can't support 41.5% of the nonworking population.
Hey wait! We ARE Greece ... with a printing press!
http://confoundedinterest.wordpress.com/2012/02/03/unemployment-rate-drops-to-8-3-but-median-duration-of-unemployment-increases-to-21-1-weeks/
i find this rather funny actually. i quit my job at a new york location. quit. no benefits. nothing. ok, my choice. i started receiving things about my 'retirement benefits'. i don't have any, won't get any. i got some things w-2 and such and it turns out that the company that i worked for have listed me as 'early retirement'. i even got a package showing what my health benefits would be for 2012 ( zero, but they sent the documents anyway). very strange to me all this, i'm working on figuring out what went on. why would i choose 'early retirement' if there were no benefits?
A Hawaiian, a Kenyan, and an Indonesian walk into a bar. The bartender says, "Which one of you is the President and how the fuck did this happen to my country"
When economic data, even contrived and manipulated data, encourages the sitting Administration to take credit for it, I'm curious as to why---after they say, "our policies are beginning to bear fruit"---no reporter asks them what specific policies contributed to the growth and ask them to describe the exact connection.
I fear the honest answer would be something to the effect of: I appointed a new chief at the BLS.
unfortunately they can LIE much longer than I can stay Solvent. if the Finance press will not (ordered not to) give these Gov reports any basic math analysis what can I or any of us do?
Ben in his life long study of the depression understood one thing: never print bad news, make up only good news and keep repeating it..it will shorten the current depression. He will print and bail out the TBTF to keep it rolling until the recovery... I do not agree.
these BIG LIES cannot put anyone to work or food on the table or remove the mounting debt.
A mid east saying: The sword of ALLah is the empty bellies of the poor.
They wanted a globalized NWO economy - they have it now..it will be an event on that global paper house that burns us all down.