Horrible job numbers, but watch for the Obama spin

[rockhound]

Obama media reporting the raw %, but here's the real truth:

for every new job this month, 2 people stopped looking!!

The employment numbers keep plummeting.

[Oakvale]

That's not actually true at all, but whatever works for you.

[5280]

Obama media reporting the raw %, but here's the real truth:

for every new job this month, 2 people stopped looking!!

The employment numbers keep plummeting.

How does the unemployment rate drop that far, and it happens on the same month right before election?  Seems like manipulating numbers to me.

[technical support]

Obama media reporting the raw %, but here's the real truth:

for every new job this month, 2 people stopped looking!!

The employment numbers keep plummeting.

why do we need another jobs post on here we already have one.

[Yank2133]

Obama media reporting the raw %, but here's the real truth:

for every new job this month, 2 people stopped looking!!

The employment numbers keep plummeting.

How does the unemployment rate drop that far, and it happens on the same month right before election?  Seems like manipulating numbers to me.

Revisions are up for the last two months that is why.

God, Republicans are stupid.........

[Oakvale]

Obama media reporting the raw %, but here's the real truth:

for every new job this month, 2 people stopped looking!!

The employment numbers keep plummeting.

How does the unemployment rate drop that far, and it happens on the same month right before election?  Seems like manipulating numbers to me.

Don't do this. The moment anyone starts accusing the BLS of manipulating their numbers that person should be ignored and dismissed as a crackpot.

[Averroës Nix]

If the Obama administration had the capability and the will to throw the jobs report, I suspect that it would look a bit different.

[Yank2133]

If the Obama administration had the capability and the will to throw the jobs report, I suspect that it would look a bit different.

Hell, they would have started 2 years ago.

[DrScholl]

How does the unemployment rate drop that far, and it happens on the same month right before election?  Seems like manipulating numbers to me.

The number didn't go up, get over it.

[Torie]

Yes, this sally is a fail. Let's move on. Thanks.

[J. J.]

I think the numbers are legitimate, and that this was the best news Obama could expect in the circumstances.  Ideally, they would be better than January 2009, but it has been clear that wouldn't happen and nobody expected it to be better.

[technical support]

REPUBLICANS WERE EXPECTING BAD NEWS TODAY AND THERE UPSET THEY COULDN'T FAIL AMERICA.

[GMantis]

I think we should rename the other threat "Great job numbers, but watch for the Romney spin" just for symmetry

[J. J.]

REPUBLICANS WERE EXPECTING BAD NEWS TODAY AND THERE UPSET THEY COULDN'T FAIL AMERICA.

Which Republicans?  I've been talking about this since after the debate and indicating that they could be good numbers.

[Lief 🗽]

Birth certificate? Fake. Polls? Fake. Job reports? Fake. Do Republicans believe anything is real?

[5280]

The guys on MSNBC don't believe the numbers either.

http://www.youtube.com/watch?feature=player_embedded&v=yL1TeI2x2H0

Honestly, it's slightly good news for Obama, but not enough to hand him the election.  It's a still a slow recovery.

[Yank2133]

The guys on MSNBC don't believe the numbers either.

http://www.youtube.com/watch?feature=player_embedded&v=yL1TeI2x2H0

Honestly, it's slightly good news for Obama, but not enough to hand him the election.  It's a still a slow recovery.

Joe Scarborough is an idiot.

Honestly, why would lifetime bureaucrats manipulate numbers? There is absolute no reason for them to do so, they are in no danger of losing their jobs.

[Northeast Rep Snowball]

The chances of them changing numbers, and then not have them below 2009 is quite odd, if they were to maniplulate numbers, they would have made it more constant instead of at the time where it looks the worst.

[Grumpier Than Uncle Joe]

Birth certificate? Fake. Polls? Fake. Job reports? Fake. Do Republicans believe anything is real?

They believe Obama is a muslim, so yes.

[Grumpier Than Uncle Joe]

If the Obama administration had the capability and the will to throw the jobs report, I suspect that it would look a bit different.

Indeed.  No President has ever been re-elected with today's numbers, IIRC

[Gass3268]

From Nate Silver:

http://fivethirtyeight.blogs.nytimes.com/2012/10/05/jobs-news-makes-obamas-case-easier/#more-35589

"The reported payrolls growth figure for September, 114,000 jobs, was incredibly close to consensus forecasts of about 115,000 jobs added. But everything else about the report considerably beat expectations. Jobs figures were revised upward by 40,000 in July, and by 46,000 in August. Combined with the jobs growth in September, that means the economy added 200,000 more jobs than we thought previously."

That's why we saw the big drop in %.

[Landslide Lyndon]

Has anyone checked the IP of this rockhound character?

[Northeast Rep Snowball]

Why, do you think he's a sock?

[Likely Voter]

I was just as confused as the Morning Joe people when the numbers came out because we have been taught that numbers around 120K dont translate into 0.2 drops. The drop was really due to the revisions of past months, something which was better discussed on the following MSNBC show by the guy from Moody's who had previously said he thought the previous months were being under reported
http://www.msnbc.msn.com/id/21134540/vp/49301199#49301199

Its not a conspiracy, its just a readjustment.

[Yank2133]

So ADP is more accurate then BLS......go figure.