Jobs, Jobs, Jobs yeah!
"Because the regime is captive to its own lies, it must falsify everything. It falsifies the past. It falsifies the present, and it falsifies the future. It falsifies statistics. It pretends not to possess an omnipotent and unprincipled police apparatus. It pretends to respect human rights. It pretends to prosecute no one. It pretends to fear nothing. It pretends to pretend nothing." -- Vaclav Havel
What do you do when employment and economy continue their slide in an election year? You fake it! As Mark Twain put it with more than a little eloquence - "There are lies, damned lies, and statistics!" Most people remain totally in the dark about how employment (and other government) statistics are worked, trusting that those whose task it is to produce the highly-sensitive report would never allow themselves to be influenced by political pressure to 'fiddle the figures'. But as with most things these days, the potential for abuse is quite real and can produce results so distant from reality as to boggle your mind. Yesterday's NFP report for the month of January is only the latest example of just how far those controlling the 'public purse' are prepared to go in obfuscating reality - at least until November!
As the well-documented articles below expose for even the most rabid political apologists to see, in order to achieve the feat of turning a large drop in employment into a healthy gain of 243,000 jobs, statisticians were able to engineer an adjustment to remove the unlikely amount of 1.2 million jobs from the workforce in a single month! This represents the largest such 'adjustment' on record ever! And, if you count all the people who still want a job but have given up looking as well as part-timers who want full-time work - the way unemployment figures were calculated less than a generation ago - the actual unemployment rate comes up to two to three times yesterday's contrived figure of 8.3%. Should you actually believe these figures, then there's a bridge in Alaska you might want to buy also!
As the election draws near, we would all be advised to take such 'statistics' with a heavy dose of salt!
I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics?
Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January
Government Misrepresents Employment PictureWhile everyone is popping the champagne corks over the fact that the Bureau of Labor Statistics says that 243,000 jobs were created in January, the facts are slightly different.
Lee Alder notes:
The seasonal adjustment fudge that the Gummit adds to the mix grossly overstated what the actual survey data showed. Here’s a picture. The red line is the actual survey numbers. The blue line is the fake seasonally adjusted number.
Remember: Red… actual. Blue… fake.Just so you know your eyes aren’t playing tricks on you, let’s zoom in to just the past 13 months.There you have it. The headline, fake, number was up by 243,000, purportedly the biggest increase since 2006. But what’s this? The actual survey number showed a decrease of 1.1 million jobs. In the world of seasonally adjusted government data, down can be up.
Karl Denninger writes: