Lies and Liars and Employment Statistics
Bill Quick

Instapundit » Blog Archive » THAT’S CONVENIENT: U.S. August payrolls rise 96,000, jobless rate falls to 8.1%. Still makes 43 mo…

UPDATE: Workforce hits 30-year low. “That’s a new 30-year low in the civilian participation rate, lower than April’s 63.6%. That’s the reason for the decline in the jobless rate. The workforce decline artificially depresses the official unemployment rate. If we had the same level of civilian participation as we did at the beginning of the recovery in June 2009 (65.7%), we’d be looking at a jobless rate of well over 10%. The employment-population ratio dropped to 58.3% in August, not as low as last year’s 58.2%, but still bouncing along a generational bottom. That measure was 59.4% at the beginning of the recovery.”

Larry Herring on Twitter: “If Obama can get everyone out the the workforce, the unemployment rate will be 0%!!”

Yeah.

I’ve been pointing that out for years, now, ever since I understood what a scam these numbers really are.

Posted in Employment permalink
Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

Lies and Liars and Employment Statistics — 3 Comments

  1. Both previous months were revised downwards! The way these models work is that an up trending economy will revise back months upwards. An economy trending downwards will adjust back months down.

    All indications, from China, Japan to Europe to the US is that we are headed for a double dip global recession.

    Thanks Obama.

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