Don't Show Jack Welch This Chart...

In a miraculous case of deja vu all over again, after cratering for the first 5 months of the year (confirming an 'opposition' narrative of the economic weakness underlying a record high stock market), the jobs market has suddenly surged... now where have we seen this before?

 

 

Of course, anyone who would claim this data to be rigged - like Jack Welch in 2012 - is nothing but a tinfoil-hat-wearing conspiracy theorist...

Just bear in mind that we discovered months after 2012's miracle at The Bureau of Lies and Subterfuge, that in fact the data had been manipulated...

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

 

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

 

And the Census Bureau, which does the unemployment survey, knew it.

 

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

 

And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

 

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

 

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

 

Ironically, it was Labor’s demanding standards that left the door open to manipulation.

 

Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

 

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

 

Philadelphia filled the gap with fake interviews.

 

“It was a phone conversation — I forget the exact words — but it was, ‘Go ahead and fabricate it’ to make it what it was,” Buckmon told me.

 

Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate.

 

Interviews with some 60,000 household go into each month’s jobless number, which currently stands at 7.3 percent. Since this is considered a scientific poll, each one of the households interviewed represents 5,000 homes in the US.

 

Buckmon, it turns out, was a very ambitious employee. He conducted three times as many household interviews as his peers, my source said.

 

By making up survey results — and, essentially, creating people out of thin air and giving them jobs — Buckmon’s actions could have lowered the jobless rate.

 

Buckmon said he filled out surveys for people he couldn’t reach by phone or who didn’t answer their doors.

 

But, Buckmon says, he was never told how to answer the questions about whether these nonexistent people were employed or not, looking for work, or have given up.

 

But people who know how the survey works say that simply by creating people and filling out surveys in their name would boost the number of folks reported as employed.

We wonder how long it will be before Rick Santelli notices... like he did last time.

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