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Unemployment Rate Magically Falls Below 8% Before Election - First Time Ever in Obama Presidency

From the The Government Says It So It Must Be True Department:

WASHINGTON (MarketWatch) — The U.S. created 114,000 new jobs in September and the unemployment rate fell below 8% for the first time since President Barack Obama took office in a potential jolt to the election.

The Labor Department on Friday also revised employment figures for August and July to show somewhat faster job growth in late summer.

Economists surveyed by MarketWatch expected a 110,000 increase in jobs last month, based on the Labor Department’s survey of businesses. Hiring in September was largely in line with Wall Street expectations.

Yet the jobless rate, which is drawn from a separate survey of households, fell sharply after the biggest increase in employment in that report since 1983. Some 873,000 people in the household survey said they found jobs. Read First Take: The jobs report Obama has been waiting for.

U.S. stocks opened higher on Friday after the report’s release.

Continue at MarketWatch



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"Never trust a statistics you didn't forge yourself:"

Many people aren't part of the workforce anymore, they are not considered unemployed, and are therefore not counted in the final tally. http://www.forbes.com/sites/steveodland/2012/02/06/unemploym...

So? And mitt romney magically

So? And mitt romney magically beat Dr Paul at all those states. Sure he did. When do people wake the fk up? Ever?

The world is my country, all mankind are my brethren, and to do good things is my religion. Thomas Paine, Godfather of the American Revolution

The day they start posting

The day they start posting the EMPLOYMENT rate, wake me up.

The scumbags must think we're all stupid. These numbers are horrible ...nothing but junky part time jobs with no benefits, and millions of people each month no longer counted in the equation.

Use the formula from Ronald Reagen's days and we're sitting at 22%.

I don't like Jack Welch, but he told it like it was today.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

.

.

"OH NO! He has a SON?" Neoconservatives and Liberals EVERYWHERE!

Rand Paul 2016

If they figured the

If they figured the unemployment rate the way they figured it back in 1980, the unemployment rate would be about 22%. Lies and damned lies.

I hate these numbers

I hate the unemployment rate figures they show, because it doesn't take into account the people who have stopped looking for a job. If you're going to have a true unemployment rate, you've got to include those people as well. If everyone who was unemployed just stopped looking for jobs,then the unemployment rate would be at 0!

If the official employment rate would just fall to zero...

If the official employment rate would just fall to zero... The unemployment rate would come down to zero, eventually, when folks stop looking (for work that requires tax collection).

Look for history of unemployment. It is a farce. When you pay folks when not working, isn't it so... that the line becomes too long?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Have you ever known the Obama Administration to tell the truth?

How many iterations did we get of the Osama Bin Lauden story, before they finally settled on one? And THAT one has so many holes only an idiot would believe it. I still maintain Bin Lauden died in 1991 and that Obama merely decided to make political capital of it.

And the killing of the Libyan Ambassador - what was know and unknown has been changed over and over.

And remember when we were ONLY going to establish a No-Fly_zone over Libya?

What about all the campaign promises he discarded?

The Department of Labor IS a Cabinet position headed by Obama's Labor Secretary, it answers to Obama directly, not Congress or anyone else. IS it surprising that Obama's people cooked the books to make Obama look good?

USE THIS FIGURE..............against the RINOS

If you happen to run into one, start out the conversation with, "hey, can you believe that unemployment report number?"....they'll say NO, so then, you say, "then, why is it you believe all the other things our wonderful government says regarding the economy and especially the wars!"

are these productive jobs, or

are these productive jobs, or govt subsidized jobs?

taxing people and redistributing that money as income for other people while not producing anything has a negative net gain on the GDP.

Paying folk to produce nothing, get a lot of nothing produced.

Much ado about nothing.

The "Nothing account" ... Statistical Discrepancy account... (Error of the estimate) of Gross Domestic Product (GDP) is oft larger than increases touted in that gross measure.

Statistically grotesque.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Don't be fooled

Don't be fooled. The unemployment rate doesn't count those who have dropped out of the labor force and who have stopped looking for work. In fact, labor participation rate has gone down by about 2%. That's a huge loss. Also, most of the jobs "created" here are part time jobs.

I think if you included those

I think if you included those who have dropped out, the unemployment rate would be 1% higher (and even back in 2005, with a booming economy, it was stilll .4% of people). But if you include people working part-time looking for full-time work, that number gets a lot worse. Closer to 15% unemployment.

But no, this report is legit. Otherwise, Romney would be hacking away at Obama.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

It sure is funny.....

how math is just completely overlooked by the Government and the general public, I mean that is the one thing that we should all be able to do, basic arithmetic is still taught in the indoctrination camps isn't it? 22,500,000 unemployed in a workforce total of 145,000,000. adding 114,000 jobs brings the unemployment rate down .3%? How many people left the workforce, how convenient to leave that out? How many new jobs do you need to create just to keep up with population growth - 125,000/mth. Oh well, we all knew Obama would be back in office anyway......At least Gold is down today, I wish I could afford to buys some!

The obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

You

Read my mind.

It's time! Rand Paul 2016!

"Truth, Justice, and the American Way!"

It doesn't matter...

Whether it is 8.1% or 7.8%, it is all a misrepresentation. These are U-3 unemployment numbers which are by no means an accurate representation of the real statistics. If they wanted to be more accurate they would use the U-6 numbers which have the rate at over 14%. http://portalseven.com/employment/unemployment_rate_u6.jsp

yes

This must mean Santa Claus is real too !!!!

donvino

this must mean

that Santa is real right before the election, Easter bunny too for all the good it does them~

Garnet
Daughter of 1776 American Revolutionists

GROW UP!

Are you seriously going to say that the number was rigged? If its that easy why not do it years ago! Get real and grow up!

what will you do if you dont have your freedom

you must be kidding...

you must be kidding... sarcasm maybe?

they do revise down employment and up unemployment few

months down the road retroactively, and this has happened several times--their 'revised' or 'corrected' numbers adjusting up unemployments 'oops, we made a mistake, last month's unemployment was actually higher'. i hope for your sake, this is not news to you.

They have been rigged for years.

Dr. Paul pointed this out in Congressional Committee.

Dr. Paul referred to the free market statistics of http://www.shadowstats.com reports the statistics that were used pre-1980.

Or how about the GDP priced in Gold. http://pricedingold.com/us-gdp/. Seventy-five percent of the GDP has disappeared since 2001.

Free includes debt-free!

Joe Kernan from CNBC called

Joe Kernan from CNBC called it weeks back....the magical drop under 8% just before the election

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul