My math skills are fundamental, and as such I shouldn’t refute the government of the United States unemployment numbers, but I must. The level of trickery in the 7.8% unemployment number released today is astronomical.
Here is my math:
1.) From the Department of Labor Statistics the total work force in 2012 is extrapolated to be 152,230,880. (zero unemployed)
2.) Announced unemployment number today is 7.8%. My math .078(152,230,880) = 11,874,008 people without jobs
3.) Announced unemployment last month was 8.1%. My math .11(152230880) = 12,330,701 people without jobs
4.) The number of jobs picked up in September is (12,330,701-11,874,008) = 456,693
5.) The number of non farm jobs reported for September is 114,000.
6.) Excuse me but where did the rest of the jobs come from? My math (456,693-114,000) = 342,693 jobs unresolved. Is it a coincidence that the jobless claims for this week were at 367,000?
7.) Subtract 114,000 from last months unemployed and the real unemployment number should be reported as 8.0% not 7.8%.
Granted my logic is simple, but this smacks of a fresh dead skunk on the road. No doubt, the Bureau of Labor Statistics website and the reports are real gems. They are extremely hard to understand and so filled with confusing numbers and statistics that anyone who tries to decipher them can come up with any number he wants.
My conclusion: The number of new jobs required to get a .3% difference does not jive with the number of new jobs reported.
Even if we accept the bright side of 7.8% unemployment there are still 11,874,008 workers who are searching for a meal. Spread that to the fifty states and each state has 237,480 workers twiddling their thumbs while waiting patiently for our bigger, better, problem solving, progressive government to raise taxes some more to improve the job outlook.
There is an old adage, “Liars figure, and figures lie.“
- Why Did the Unemployment Rate Drop? (blogs.wsj.com)
- Boom: Unemployment Rate Falls to 7.8%, Big Upward Revision to Last Month (businessinsider.com)
- Reactions to Obama’s New Jobs Report: Widespread Distrust and Skepticism (nicedeb.wordpress.com)
- Fuzzy Math?: Cnbc Describes New Unemployment Numbers As ‘Contradictory’ (redbloodedamericans.wordpress.com)
- Meet The Conservatives Who Think Today’s Job Numbers Are A Conspiracy (thinkprogress.org)
- September jobs report: U.S. unemployment rate falls to 7.8 percent (scpr.org)
Filed under: Conservative, economy, Election, family, Government, politics Tagged: | Bureau of Labor Statistics, economy, Federal government of the United States, Jobs, report, September, Unemployment, United States, United States Department of Labor