8.3 Percent, The Fraud Continues

I suppose we should be mourning the sudden death of 1.2 million Americans. Because last week, the Obama administration’s Bureau of Labor Statistics refused to count them as still unemployed. Which they are, still unemployed. From Obama’s perspective, they may as well be dead.

No doubt, the unemployment percent that the administration puts out leading up to the 2012 election will continue to decrease even though there is no real increase in employment. They will continue to use this shrinking workforce math to make the unemployment percentage go down.

You won’t find the truth in your local newspaper. They have way too much invested in The One now to tell you what the administration is doing with the numbers.

In a December post, when the unemployment rate went from 9 to 8.6, the analysis then is identical to January’s.

From CNBC:

When the unemployment rate declines, we want to see both employment and participation increase as discouraged workers return to the labor force. Today, we got the former, but not the latter, making the 0.4 percent drop look a bit suspect,” Neil Dutta, US economist at Bank of America Merrill Lynch, told clients. “We would not be surprised to see the unemployment rate give back some of its decline in the coming month(s).”

Well I’m surprised! NOT! As it turned out, there was no give back. They did not factor in the Christmas season layoffs in their report. That might come on Friday when they normally make ‘adjustments’ and most likely won’t get any attention in the media. Let’s wait and see.

This fraud perpetrated by the administration was detailed HERE a couple of months ago.

2 thoughts on “8.3 Percent, The Fraud Continues”

  1. I’d love to be wrong Jenny. So please, if you would, post the link to the article from the mainstream media that details how the BLS is fudging the numbers the way they are, by consistently shrinking the ‘participation rate.’

    There’s another term, U-6, that doesn’t get much, if any, press as well. U-6 is the real (non-adjusted) total unemployment figure. And it is 16.2% for January 2012, up a full percentage point from 15.2% in December 2011.

    From your comment Jenny, I can’t tell whether you dispute that the media won’t publish the facts of the deception, or that you have a problem with the numbers. Or, you just can’t handle the facts so you comment on my fashionable hat. My tinfoil hat tells me that the U-6 figure is on page 30 of the BLS report above.

  2. “You won’t find the truth in your local newspaper. They have way too much invested in The One now to tell you what the administration is doing with the numbers.”

    How’s that tinfoil hat fit? Thank you for being the one guy that can see the truth! Haha.

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