Mike “Mish” Shedlock does a daily blog commentary on the global economic situation, which is quite balanced and strongly recommended.  He is a skeptic and digs for motivations and the truth.
Today’s post has an excellent analysis on how, with the loss of 11,000 jobs in November, total unemployment actually went (???$!#$!@) down?  How is that possible?
In regards to the economy, the jobs picture presented on Friday was a mirage. One even has to wonder if the BLS is purposely playing games knowing full well a massive revision in the January numbers (coming out in February), will subtract 80,000 jobs a month for a full year.
I doubt the unemployment rate is under 10% a year from now, or even two years from now, unless the BLS numbers show large declines in the labor force (as they did in the November Employment Report on Friday).
The actual figures …
Here is his analysis:
Unemployment dropped by .2% even though 11,000 jobs were lost and it should take at least 100,000 jobs just to keep up with demographics. Instead note the drop in the civilian labor force by 98,000.
Moreover, those “not in the labor force” rose by 291,000 constituting nearly all of the decline in unemployment.
That drop in the labor force is not normal to say the least. It should have risen by 100,000 minimum.
Naturally, our hot-air president used this numerical manipulation as a talking point for the success of his stimulus program.
More bloggers are beginning to question the accuracy and transparency of this manipulation. Â TPM headlines their post: “We Just Counted Less Unemployed People“, and offers an untampered statistic putting unemployment at 12%!!
Why should we trust the government figures when all aspects of data and communications are politicized? We shouldn’t. Dig deep and believe your gut. This is rot of the core!
In any case, the number of people out of work is so high that it will be impossible to stem foreclosures and have a strong recovery, if any recovery at all.  Of course, will Obama and the Democratic congress get out of the way, lower taxes and regulations, and let the economy recover … or will they …
Dig us deeper into debt with Government job creation efforts?  As I mention before, the eggheads in this administration think they alone can solve all the nation’s problems.  So the Washington Post reported yesterday.
“The president thinks we should and must do everything in our power to create an environment for job growth and job creation,” White House press secretary Robert Gibbs told reporters Friday morning. When asked whether Obama will back the use of bailout funds during a speech about the economy next Tuesday, Gibbs said, “It’s certainly being looked at. Yes.”
Plato said:
The price good men pay for indifference to public affairs is to be ruled by evil men.
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uberVU - social comments on 12.06.2009
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This post was mentioned on Twitter by LibertyYes: New post: Unemployment Down Because of Government Data Manipulation? http://bit.ly/4FYO8G #Liberty #tcot #tlot #iamthemob…
Dylan Lopez on 05.05.2010
the unemployment rate today is a bit higher because of the recession but hopefully the economy would recover soon.:~:
mbcoop on 05.09.2010
Perhaps you should read more of this and related blogs … Government NEVER solves a recession .. when they intervene, as they have, they tend to do amost exactly the WRONG things .. and push the rpoblem down the road
Autumn Washington on 05.24.2010
i have never been a fan of Bad Politics and bad policies in the government. they always present bad news.~”: