{"id":15811,"date":"2012-10-05T12:10:03","date_gmt":"2012-10-05T16:10:03","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=15811"},"modified":"2012-10-05T12:10:03","modified_gmt":"2012-10-05T16:10:03","slug":"where-did-the-wonderful-unemployment-numbers-come-from","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=15811","title":{"rendered":"Where Did The Wonderful Unemployment Numbers Come From ?"},"content":{"rendered":"

Paul Mirengoff<\/a> posted an article at Power Line<\/a> explaining the sudden wonderful drop in the unemployment numbers released today.<\/p>\n

The article reports:<\/p>\n

But there\u2019s a problem with the report: it doesn\u2019t make sense. As Kevin Hassett<\/a> points out, the 114,000 net jobs created in September is well below the average for this year (146,000) and the average for last year (153,000).<\/strong><\/p>\n

So how did the Department of Labor<\/a> come up with an unemployment rate<\/a> that indicates significant improvement in the jobs picture? It found the alleged improvement through its survey of households<\/a>. As Hassett explains, the Labor Department\u2019s jobs report<\/a> is always based on two surveys, one of households and one of establishments.<\/strong><\/p>\n

Professional economists and the press usually emphasize the establishment survey because it is considered less volatile. This month, that survey continues to show the usual weakness in the job market. But the household survey purports to show massive improvement.<\/strong><\/p>\n

This sort of mathematical trickery was totally predictable to anyone who understands President Obama’s<\/a> roots in Chicago<\/a> politics. Over the next four weeks, we may actually be told that there is no unemployment actually remaining in America<\/a>. These numbers are about as reliable as your teenage son telling you that there was a unicorn standing in the middle of the highway, and traffic slowed to a crawl to avoid an accident so he was late getting home.<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Paul Mirengoff posted an article at Power Line explaining the sudden wonderful drop in the unemployment numbers released today. The article reports: But there\u2019s a problem with the report: it doesn\u2019t make sense. As Kevin Hassett points out, the 114,000 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[97,739,4091,3046,4090,297,285,2787],"class_list":["post-15811","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-barack-obama","tag-chicago","tag-kevin-hassett","tag-paul-mirengoff","tag-report","tag-unemployment","tag-united-states","tag-united-states-department-of-labor"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15811"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15811\/revisions"}],"predecessor-version":[{"id":15813,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15811\/revisions\/15813"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}