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?
Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January
Government Misrepresents Employment Picture
While 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:
There are times when one questions a report as possibly being wrong or in error, and then there are times when one has to raise a flag and say “This is an intentionally false picture being presented by a government agency.”Read More:
I’m in the latter camp with this one, and it is rare for me to brand something as not possibly wrong and in error, but intentionally fraudulent.
***Remember that last month the alleged 200,000 jobs that were gained were a phantom; when one looked inside the household data we found instead deterioration in both the employment participation rate and a decline in the absolute number of employed persons, while population rose. That is, the actual counts (as opposed to black-box statements) said that the labor picture deteriorated in December, contrary to the reported numbers.This month it was worse. Far worse.Let’s start with the “base picture” that is causing the cheering:That nice red line looks good, right? Well……“Not in labor force” numbers leaped upward on an annualized basis (seasonally adjusted the “right way”) and what’s worse on a raw basis 1.572 million people exited the labor force last month.This is reflected in the percentage of those not in the labor force as a percentage of the working-age population, which hit an all-time high going back to the initiation of the data series I’ve tracked since 1999:That’s 0.6% of the entire labor force that departed the working population in one month, three times the alleged drop in the unemployment rate. This means that internally, the numbers were even worse than they first appear!Indeed, the total number of employed persons fell. A lot. To put a number on it, the total number of employed persons fell by 737,000 by actual count.Now the cheerleaders will state that this is a common thing in January, and indeed it is. But the correct adjustment is to look at the population increase and subtract that back off as well. In other words, we take the loss of employment and add the population growth. When we do this we get a whopping 2.422 million in the wrong direction which was bested only by the -2.618 million in January of 2009 through the process of this downturn!In fact other than January 2009 there has never been a single month in my table, which dates back to 1999, that put up a worse combined number. This “performance” rates a literal “second from utter despair and disaster”, and the employment rate shows it:This is not a strong report folks, and in fact documents an actual and ongoing collapse in the US labor force, despite the crooning on the mainstream media disinformation channels!
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