Unemployment drops to 7.8%.....uh oh

[mhgaffney]

More funny numbers. Not to be believed.

[Smiling Assassin27]

Originally Posted by mhgaffney

More funny numbers. Not to be believed.

See, I can't go that far...yet. I've seen economists, in whom I have confidence in their competence, say this kind of thing:

"That the 7.8 percent jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey either. --David Rosenberg

But i also have seen guys like Santelli--a guy who kicks Jim Cramer's ass on a weekly basis, and who knows his stuff as well--say this kind of stuff:

'I TOLD you they'd get it under 8%--they did! You gotta let America decide how they did it..'

This, of course, implying that some magic politician dust got this done.

[barryr]

Another reason to doubt numbers from the BLS.

Meet the Obama Donors at the BLS

http://freebeacon.com/meet-the-obama-donors-at-the-bls/

[Jetmeck]

Originally Posted by Smiling Assassin27

If you think this is good news, you're competing with a doornail for the highest level of dumb. But, like you, the American electorate eats what the media feeds them, so 114k job growth and a reduction in the unemployment rate, while ignoring the participation rate and the actual jobs that were the reason is just perfect. Thanks, Mr. President, you've saved us!

Wake the **** up and read. Of course, your president promised that if we implemented the stimulus (remember that?), we'd be at 5.6% right now. Oops! It's nearly all part time jobs that don't even qualify to be called 'non-farm payroll'. Do yourself a favor and google 'U-6 rate', although people in denial will choose NOT to, i'm sure.

Crap report. 114k jobs growth would be super--in 1962.

Hello ? Anyone home ? Where did my post say this was good news ?

Damn well betcha dumbass POS such as yourself would be screaming bloody murder if unemployment went up..........................

Don't play both sides like your POS candidate Romney does...that BS only works on the weak minded and I am not fooled by your stupidity.

[Jetmeck]

Originally Posted by mhgaffney

More funny numbers. Not to be believed.

You and Rush don't believe the unemployment numbers.............really ?

It;s a conspiracy like the poll numbers...............are you people seriously listening to yourselves ?

[Smiling Assassin27]

Kinda sad when Obama's main message to America is 'you shouldn't change horses as you're drowning in midstream' and 'Remember the Boom of 2011!'

[Jetmeck]

Originally Posted by barryr

Hmm, so right after Obama's dismal performance, this gets reported? How convenient. Only a fool believes this and the timing

Clueless, classless assclown.

Your a fooollllll and unable to grasp reality.

You also think all the losing polls are a conspiracy.

[Jetmeck]

Originally Posted by Drek

No one is putting stock in one little jobs report.

The trend is stronger job growth month on month though, with powerful upward revisions on each month as well. Those are positive signs and are corroborated by the spikes in POTUS job approval and consumer confidence we've been seeing over the last couple months. Its a multitude of long term trends where this is icing on the cake and the dip to 7.8% is just the result of several strong months finally getting accurately compiled and catching up with the UE average.

Its like polling. No one should put a ton of weight into any single poll. But when you see three weeks of polls from various sources showing a growing lead to a varying degree for one side it is evidence towards a real shift. Hence why the right wing "polls are a conspiracy!" meme is such a joke when it comes to a state like Ohio where multiple polls have consistently shown a legitimate gap being created and widening.

gREAT post.....!

Trends are indeed an INDICATOR of what is coming !

[Jetmeck]

Originally Posted by barryr

Sure, sure, the real unemployment is still over 14% and no change, but be happy the Obama team are manipulating the numbers right before the election. Nice try though Desperate times call for desperate measures.

Real unemployment rate is 14%.

Really cause they are calculating it the same way they have for decades but you think we should calculate in some new way that screws things to the way you want to see.......you want the economy to get worse because a POS such as yourself is more concerned about your party !


You need an attitude adjustment, maybe you could then come back to reality.

Impossible to debate someone who lies and changes the facts............like you and Romney do at every turn.

[DBruleU]

Originally Posted by Jetmeck

gREAT post.....!

Trends are indeed an INDICATOR of what is coming !

Like the trend we're on pace to create less jobs this year than last?

[Jetmeck]

Originally Posted by TonyR

Just when I thought barryr couldn't prove to be any more of a moron...

Look, bro, if the Obama admin was going to manipulate numbers they would have done it well before now and they would have moved the numbers quite a bit more than this.

Doesn't use logic on these idiots ..... lol

[Jetmeck]

Originally Posted by Meck77

Say whatever makes you feel good fellas. The fiscal cliff approaches.....It's going to be nasty.

Maybe you should call your senators and congressmen as I have done.

Republicans blocked this because they would not allow any revenue, in other words they would not compromise !

[nyuk nyuk]

[Jetmeck]

Originally Posted by Smiling Assassin27

Interestingly, the unemployment rate for government workers plummeted.

Government don't creat jobs ? What jobs ?

[Jetmeck]

Originally Posted by barryr

Yeah, despite a record number of people on food stamps and disability, more people got hired for a couple months to wrap Christmas(oh wait, can't call it that) gifts, so re-elect Obama folks, he's got that economy thing really smoking. Oh, the desperation.

Every year this happens ? They still count

[Jetmeck]

Originally Posted by DBruleU

Like the trend we're on pace to create less jobs this year than last?

Carter....you ass.

Facts are facts.........trending way baetter than four years ago.

Because you are unwilling to live in the real world and want to twist BS to fit your righty views doesn't mean the facts support your ignorance !

[Jetmeck]

Originally Posted by nyuk nyuk

POS....................Romney won on style and that isn't a win. You are unwilling to admit the facts and tax lies still remain on our side.

[The Lone Bolt]

Originally Posted by nyuk nyuk

It's sad that all you have to do to "win" a Presidential debate these days is lie a lot, make big promises that you can't possibly keep, and look sincere while doing it. SMDH

And of course Romney benefitted from the fact that Obama didn't call him out on it enough.

[BroncoInferno]

Originally Posted by The Lone Bolt

It's sad that all you have to do to "win" a Presidential debate these days is lie a lot, make big promises that you can't possibly keep, and look sincere while doing it. SMDH

And of course Romney benefitted from the fact that Obama didn't call him out on it enough.

Yep. It's pretty funny. Romney's been embarassing himself and getting his ass handed to him the entire campaign. He has one moment where he gives the appearance of competence (thanks to completely reversing his positions on numerous topics and outright lying), and the right-wing is in ectasy.

[DBruleU]

Originally Posted by The Lone Bolt

It's sad that all you have to do to "win" a Presidential debate these days is lie a lot, make big promises that you can't possibly keep, and look sincere while doing it. SMDH

And of course Romney benefitted from the fact that Obama didn't call him out on it enough.

Obama didn't call him out because Romney destroyed him. Obama can't debate worth ****. It's why his dumbass followers think he should have been allowed a teleprompter.

And @ you for accusing Romney of lying to get elected. It's how Obama was elected in the first place!

[Blart]

Originally Posted by Rohirrim

As usual, democratic economy = growth.

[L.A. BRONCOS FAN]

Bad news for TeaPublicans...

A chart for Friday: The unemployment rate under Obama. As Steve writes on the blog, "If I had a nickel for every time Mitt Romney has said the unemployment rate has been above 8% throughout the Obama presidency, I'd have, well, nearly as much money as Mitt Romney.

"Today, however, the talking point died. The unemployment rate fell unexpectedly, dropping from 8.1% to 7.8%."

http://maddowblog.msnbc.com/_news/2012/10/05/14241839-the-death-of-a-talking-point?lite

[Blart]

OBAMA COOKED THE NUMBERS!!!!!!!!!

[elsid13]

I love how every time the facts get in the way of the Republican argument, those numbers suddenly because "faked" or "don't tell the true story". But if the unemployment # were higher then they would be running around yelling that Obama was killing the economy and using the BLS data.

[Rohirrim]

U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.

The ADP National Employment Report showed private employers added 162,000 jobs in September, more than economists expected, but fewer than the 189,000 hired in August.

Separate data from the Institute for Supply Management showed that new orders helped growth in the service sector to pick up to 55.1 in September, the best pace since March, from 53.7 a month earlier.

"It looks more like things are heading in the right direction. It is this new reality - we don't have robust growth, we just have very moderate growth," said William Larkin, fixed income portfolio manager at Cabot Money Management in Salem, Massachusetts.
http://www.reuters.com/article/2012/...8920QD20121003

I guess Reuters is in on the conspiracy.