Unemployment rate at 7.8 percent?

the fact that they use u3 unemployment at the "official" number shows that's it's always been a smoke and mirrors game. I'm surprised they didn't start using u2 unemployment at some point to trick the uneducated.

the fact that they use u3 unemployment at the "official" number shows that's it's always been a smoke and mirrors game. I'm surprised they didn't start using u2 unemployment at some point to trick the uneducated.



I considered that also.. but is are full time students considered a part of the labor force (as in the labor force participation rate)? They are "full time" students.

Not in the labor force
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.

I think students going back to school is supposed to be smoothed out by "seasonal adjustment".

i'm confused...114,000 jobs were added but people say we need >114,000 for the unemployment rate to just stay the same. so how did it go down? -_-

i'm confused...114,000 jobs were added but people say we need >114,000 for the unemployment rate to just stay the same. so how did it go down? -_-

...So, in this cynical age in which we live, the new number raises a question: Is it real or was it rigged by Mr. Obama’s henchmen to take the stench off of his debate performance? No less a giant in the world of business – and a widely respected one at that — than former GE CEO Jack Welch tweeted this:

“Unbelievable job numbers..these Chicago guys will do anything..can’t debate so change numbers.”

Yes, Welch supports Mitt Romney and is no fan of Barack Obama, but still … this isn’t some right-wing screwball roaming the dark corners of the Internet. This is JACK WELCH.

So let’s take a look at the numbers:

Without sinking too deep in the weeds, there are two ways to measure employment and unemployment – the Household Survey and the Establishment Survey.

Total employment as measured by the Household Survey rose by 873,000 in September, the biggest jump since June 1983. But the Establishment survey rose by only 114,000 in September.

So if you’re selling old toasters and combs on eBay because you haven’t been able to find a real job for the past year and a half … you’re considered employed.


That doesn’t mean Jack Welch is right, that the numbers were rigged, but it does mean unemployment is a lot worse than the 7.8 number indicates....

~600,000 part time jobs.

Obama has arguably one of the worst debate performances in modern presidential incumbent history and suddenly the unemployment rate drops half a percent two days later.

This isn't even Alex Jones, Info Wars digging.... Hello Captain Obvious meme....

Upward revisions for last few months.

Smoke and mirrors?

http://www.foxnews.com/us/2012/10...00-hiring/

My guess is the October surprise is still to come.