Can you smell what Barack is cookin??

From Gateway:
Sunday, February 7, 2010, 1:14 PM
Jim Hoft

The US Lost Another 20,000 Jobs in January But the Unemployment Rate Dropped to 9.7%.

BB sent the latest unemployment graph this week.

It’s an Obama world. Up is down. Square is round. Trucks are jokes. And, losing 20,000 jobs actually brings down the unemployment rate. The US lost another 20,000 jobs in January but the unemployment rate dropped to 9.7%. The new counting methods saved or created 541,000 jobs. Today Alan Greenspan confirmed that Team Obama has been cooking the books.
Judith Apter Klinghoffer at History News Network reported:

We all blinked furiously when we read the government’s claim that the number of unemployed rose in January by 20,000 but the unemployment rate fell from 10% to 9.7%. Somebody has obviously been cooking the numbers in a most ingenious manner. On Meet the press, Alan Greenspan explains the absurdity thus:

MR. GREGORY: Dr. Greenspan, one more question about jobs. So you think that unemployment rate goes up again before it comes down?

MR. GREENSPAN: I’m not sure. One of the reasons is the official data on unemployment is a sample and it fluctuates, and–as we observed in, in the January report. If you literally took it seriously as to the exact numbers, there were 784,000 job increase in January. Now, that didn’t happen. And so that what we can expect is a backing and filling. I think we’re going to stay at approximately the 9 to 10 percent level here for a goodly part of the rest of this year with the sole exception of that period when they start to hire a very large number of census workers. Remember, this is the decennial census.

MR. GREGORY: Right.

MR. GREENSPAN: And that’s going to have some positive effect. But it’s very difficult to make the case that unemployment is coming down anytime soon.

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2 Comments

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2 responses to “Can you smell what Barack is cookin??

  1. jason

    there is one terrific resource and imo the authority on unemployment statistics, his name is john crudele and he is a writer for the NY Post. he is great at breaking down the bs and really laying out accurate facts regarding unemployment….a couple of quick facts regarding unemployment stats:

    1) Once a person “exhausts” their unemployment benefit, they are no longer counted as unemployed, meaning unemployment figures could decrease as more people use up ALL of their benefits

    2) the unemployment figure of 9.7% also does not include people who are working part time because they can’t find full time gigs

    3)there is a number that the bureau of labor statistics produces that is called the “U6” figure, it does include those individuals who fall into the aforementioned categories and has unemployment closer to 20%

    here is the link to the article:
    http://www.plaintruth.com/the_plain_truth/2009/11/shocking-numbers-real-unemployment-tops-22.html

  2. jason

    as a follow up to my comment yesterday please see john crudele’s column in todays NY Post:
    http://www.nypost.com/p/news/business/bronx_cheer_for_the_unemployment_6C1GdORHoKjsvdrlffu7SN

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