Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
RSS available You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||Jobs Report: The Big Suck; entered at 2012-05-04 09:12:30|
June, July, August, September, October:|
We easily get 7% unemployment before the MSM November erection for Barry "Henry V" Obama. Now, it all depends on how audacious they want to be. Do they go for 6.9%?
I think it will come down to a media consensus on what Barry's actual high unemployment number was, clouded with blame on GW Shrub. Then, the Bull**** Labor Statistics people will work ceaselessly to craft a winning number, several tenths below the phony media Shrub number.
MainScaMedia & Statistics, for the win!
Anybody hearing any rumblings on what the bull**** unemployment target number is?
It'll be 7.7 by 11/6/12.
That DOES look like a "nice" number, and easily defensible. But the phony media-generated Shrub number will have to be in the mid-8s, to make young Henry of Hawaiian Monmouth look like the savior that he is.
Of course, mayonnaise will still be $6 a jar...
The Shrubster's unemployment rate in 2004 was a "horrible" 5.6%.
Why the unemployment rate is really higher than it looks
By Daniel Gross|Posted Friday, Jan. 30, 2004, at 4:57 PM ET
...The Bureau of Labor Statistics measures employment in two ways. The Establishment Survey gathers data directly from 400,000 companies and then estimates how many Americans have payroll jobs. The Household Survey, based on surveys of 60,000 households, determines how many people are working and produces the unemployment rate. Occasionally, the two surveys show divergent trends in job growth—especially when an economy is coming out of recession. According to the payroll survey, the number of jobs fell 232,000 over the course of 2003 on a seasonally adjusted basis. But according to the Household Survey, which includes farm workers, the self-employed, and people who may work off the books, the number of Americans working rose by 1.03 million in 2003 on a seasonally adjusted basis.
We'll see this week if good ol' Danny Gross has "forgotten" all about his 2004 methodology...
Last modified: 2012-05-04 09:57:13 by uppity_peasant