What are they Smoking at the Labor Dept? (Jobs numbers are made up)

I'm not going to waste a lot of my precious space on this, but the bottom line is that most of the 288,000 jobs that the Labor Department says were created last month may not really exist.

They could be figments of statisticians' optimism.

Anyone who plodded through my column last Thursday knows I predicted that job growth in April would be better than the 160,000 to 170,000 jobs that the "pros" were anticipating.

But I also said, quite emphatically I hope, that the stronger growth would be an illusion - the result of the Labor Department's computers making happy predictions about seasonal job creation that could neither be verified nor justified.

I'll explain one aspect. Back in the March employment report, the government added 153,000 positions to its revised total of 337,000 new jobs because it thought (but couldn't prove) loads of new companies were being created in this economy.

http://www.nypost.com/business/23936.htm

So in the last two months 270,000 jobs have been added to the Labor Jobs numbers due to this estimation of jobs not verified)

a real reporters, where mr. john stossel, isn't this the kind of stuff that he likes to debunk. oh yeah, I forgot he's on the kool-aid.

Iraqi and Iranian oil.

Thanks for posting!

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we don't need that crap on here...
ugh!

I did the ignore thing on him personally, but I am glad someone did an alert (or the moderator caught it anyway).

eom

Over My Personal Level Of Tolerance
well said...mine too!

ick...

thanks!
DR

Not to mention overcoming gravity!

eom

that the federal government uses for economic numbers. Inflation is already questionable.

I understand that the DoL cannot verify each new job created -- they have to use samples and surveys. But it amazes me that they would rely on models of what they think SHOULD be happening. Those models have to use other economic statistics, some of which may be questionable themselves.

I swear, these economic numbers are starting to resemble the old Soviet five-year plans -- rosy statistics belied by experience.

Garbage in, garbage out.

These numbers seem to be inflated. With Bush in charge we will NEVER know the truth!

This statistical chicanery needs to become a story in itself, like the fake Medicare numbers.

,...kinda' like the corrupt corporate accounting practices that led to bankruptcy?

HMPFFF!!

Is not that Ken Lay et al bought influence. The real danger is that they share the same thinking.

I can't wait to put this up on another board with conservatives on it. One of them (they're really kind of outnumbered LOL), incessantly puts up Post articles and calls attention to them with titles designed to inflame the liberals on the board. We're usually " :eyes: " from the start because it's a Post reference.

That's what makes this even more interesting though. If the Post is actually bringing to light the methods of the administration and predicting the "crowing" of President Bush, conservatives are getting fair warning that they can no longer deny about the truths we've been showing them.

On a conservative board. Many of those posters on that board believe what the article said. But then I took a peek at FR and found the usual posters saying the article is full of crap.

So it appears moderate conservatives are becoming wise to BushCo.

WOW!!!

These must be those "Ebay sellers" they were talking about a couple of weeks ago. I could not believe my ears when they were wanting to count these people, who can't find work and are doing whatever they can to try to rustle up some dough, as small business owners. :eyes:

(Yes, I know there are some people who make money on Ebay, but most don't. Get real.)

and other economics reporting institutions in a number of unprecedented ways?

These reports strike me more and more like the "chocolae ration" reports in "1984."

I've been laid off three times since the coup of 2000. No job has lasted a full year. There are very few viable middle class jobs available.

Seems like every time I turn around, some Bush regime agency is backtracking on the numbers they put out. Yet they complain that Kerry only tells people what they want to hear!

:headbang:
rocknation

at the bottom of that article about Iraqi (and Iranian) oil.

(if true) and whether they, like Halliburton, were perhaps skirting the law legally but were violating the intent of the law. Have to keep our eyes open for developments on that story.

Let's see.....gee IF that is true about the continuing flow Iraqi oil and we know WMD was a fabrication, then by golly I wonder what could be the real reason we went into Iraq?

And I'm even wondering about the truth behind the growth statistics.

I don't know of any administation that ever had the unbelievable gall to fudge economic numbers. These people are just beyond belief!

Btw, this Crudele guy seems to be allright. What's he doing writing for this rag?

in their treatment of statistics.

I KNEW that, after so many "reorganizations" (read: Bloodless, yet Stalinistic, "purges") that most of the Executive Agencies, themselves now run by people who want to destroy them, had been stripped of virtaully all actual reportability in favor of Imperial Pravda to bolster the Imperial Family Lies.

I still fear what happens when this transition becomes complete and all across the board. When we are TRULY beset by the Soviet's Dilemna and the TRUTH is NOWHERE, instead of in small-town newspapers or occasionally page A23 or the Style Section, where more and more damaging information to the Imperial Family finds it's way to.

But it is nice to see confirmation of what I already knew.

they can't talk about it in this sensitive time of war, while there are men in harms way fighting for our freedom in Iraq.