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Hidden Lies in the June Jobs report

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Hidden Lies in the June Jobs report Empty Hidden Lies in the June Jobs report

Post by Redpossum Mon Jul 11, 2011 12:25 pm

So, you've seen the June jobs report by now. According to the Obama administration's official figures, only a net 18,000 jobs were added in June. In evaluating that, remember that we need to add 150,000 new jobs per month just to keep up with new workers entering the workforce, before we can even start making any headway on putting the unemployed back to work.

Well, that 18,000 is a lie. The truth is that the net number of jobs added was negative. The economy actually lost 157,000 jobs. Yes. The truth is not +18K but rather -157K...

Read more at -
http://possumhole.blogspot.com/2011/07/hidden-lies-in-june-jobs-report.html

The above, and the blog linked to above, are original material, written by me, based in part upon current news reports, which are duly linked and attributed.

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Post by lendmeflight2 Mon Jul 11, 2011 1:11 pm

I read your link to your own post on your blog and also the attached article. The NY Post reporter that you linked to offers no evidence at all that what he is saying is true. I actually don't think it makes much difference either way but stating something doesn't make it true.
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Post by exhaustedandtired/1208 Mon Jul 11, 2011 4:19 pm

what the hell is the difference in 18,000 or zero... 18,000 is like a zero!!!

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Post by lendmeflight2 Mon Jul 11, 2011 4:33 pm

That was one of my points. That is why I said it didn't really matter, 18,000 is nothing.
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Post by jchapman Mon Jul 11, 2011 5:54 pm

18,000 amounts to 360 per state, assuming it's correct.

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Post by TR11005 Mon Jul 11, 2011 7:14 pm

The odds were 18,000/18,000,000 to round out the numbers.

That is 1/1,000 odds in finding a job. Since the other ones don't apply, because they partially worked the month.

If you got hired, 999 unemployed did not. Does not seam fair. There are always going to be new jobs. Since people quit, die and retire. These need to be constantly replaced. That is why more have to die or retire. No real job growth this month. It is a shame that in order to work someone must die. The retired person is very happy.

Perhaps that is why the Republicans want to eliminate all social programs.

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Post by Redpossum Mon Jul 11, 2011 8:27 pm

My friends, you're missing the point.

The actual number was not an 18,000 job gain. The actual number was a loss of 157,000 jobs.

It isn't just that we are failing to gain ground, we are actually slipping backwards at a frightening rate.

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Post by lendmeflight2 Mon Jul 11, 2011 8:55 pm

I think you are missing the point possum, it's not that I am saying it isn't true. I just have no reason, from your blog post, or from the article that it cited, to think that it IS true.

The bottom line is I am not sure it matters because 18,000 is so few jobs that it doesn't matter if there were zero. We have had a rough month, maybe next month will be better.
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Post by jchapman Mon Jul 11, 2011 9:17 pm

Now that this has been mentioned, usually the jobs report comes out at 8:30 Eastern on the 1st Friday in the month. June 1st was the Ist Friday in July, & was not any kind of a holiday. This report came out a week late, & had a revision for May down to 25.000 jobs. Doesn't that seem peculiar.

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Post by Redpossum Mon Jul 11, 2011 10:36 pm

jchapman wrote:Now that this has been mentioned, usually the jobs report comes out at 8:30 Eastern on the 1st Friday in the month. June 1st was the Ist Friday in July, & was not any kind of a holiday. This report came out a week late, & had a revision for May down to 25.000 jobs. Doesn't that seem peculiar.

If you read the linked blog entry above, they moved 44,000 jobs from May to June, in order to get the June number into positive territory. They revised May down by 44,000 jobs, and added those into June.

"Figures don't lie, but liars figure."

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