Comments on: U.S. ECONOMY LOSES -20K JOBS, UNEMPLOYMENT RATE 9.7% http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7 Sat, 26 May 2012 12:39:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: billw http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11532 billw Sat, 06 Feb 2010 03:01:27 +0000 http://pragcap.com/?p=16496#comment-11532 TPC, This month is the worst data manipulation I have ever seen. These people are willing to lie right to our faces. Give it less than a week and you, KD, ZH and/or Calculated Risk will be giving us the inside scoop on how big the lie on the unemployment data today was. It is definitely not relevant data as you suggested because it is patently obvious that the metrics for measurement are totally different from what has been used even a few months ago. It appears that they have massaged the number of jobs being counted so as to keep the unemployment below 10%. Once this gets out to the public, the Obama administration will have zero credibility on any issue and deservedly so. TPC,

This month is the worst data manipulation I have ever seen. These people are willing to lie right to our faces. Give it less than a week and you, KD, ZH and/or Calculated Risk will be giving us the inside scoop on how big the lie on the unemployment data today was. It is definitely not relevant data as you suggested because it is patently obvious that the metrics for measurement are totally different from what has been used even a few months ago. It appears that they have massaged the number of jobs being counted so as to keep the unemployment below 10%. Once this gets out to the public, the Obama administration will have zero credibility on any issue and deservedly so.

]]> By: csodak http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11511 csodak Fri, 05 Feb 2010 18:19:35 +0000 http://pragcap.com/?p=16496#comment-11511 The BLS revised down job growth in the 4/2008-3/2009 and hung the error on the positive bias of births in the birth/death in the small business population which drives their number while in the same breath refusing to adjust this positive bias. I speak to outside account executives on a daily basis who have told me that they are seeing more empty small business store space. I trust the feet on the street more than BLS's b/d assumptions. The BLS revised down job growth in the 4/2008-3/2009 and hung the error on the positive bias of births in the birth/death in the small business population which drives their number while in the same breath refusing to adjust this positive bias. I speak to outside account executives on a daily basis who have told me that they are seeing more empty small business store space. I trust the feet on the street more than BLS’s b/d assumptions.

]]> By: Octopus http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11501 Octopus Fri, 05 Feb 2010 16:36:13 +0000 http://pragcap.com/?p=16496#comment-11501 I don't see it as a good report the only positive is that we don't have a big minus, anyway I'm flat now since we're again short term oversold. During last month the correct strategy was try to short the mkt because of heavy divergences, changes of attitude on news, etc, waiting for a catalyst for a downturn. May be next four to six weeks correct strategy -now that earnings are almost out of the way- will be sell the strenght since there could be a serious re-assessment of risk. I'm looking to sell again rebounds in the next sessions. I don’t see it as a good report the only positive is that we don’t have a big minus, anyway I’m flat now since we’re again short term oversold. During last month the correct strategy was try to short the mkt because of heavy divergences, changes of attitude on news, etc, waiting for a catalyst for a downturn. May be next four to six weeks correct strategy -now that earnings are almost out of the way- will be sell the strenght since there could be a serious re-assessment of risk. I’m looking to sell again rebounds in the next sessions.

]]> By: Ben Wade http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11492 Ben Wade Fri, 05 Feb 2010 15:15:29 +0000 http://pragcap.com/?p=16496#comment-11492 Decrease in unemployment simply means more people are statistically moved into the U6 category. Hard to see a positive in a -20k loss but unemployment statistic improved by 0.4%. Decrease in unemployment simply means more people are statistically moved into the U6 category.

Hard to see a positive in a -20k loss but unemployment statistic improved by 0.4%.

]]> By: TPC http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11490 TPC Fri, 05 Feb 2010 15:07:57 +0000 http://pragcap.com/?p=16496#comment-11490 True. True.

]]> By: TPC http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11489 TPC Fri, 05 Feb 2010 15:07:44 +0000 http://pragcap.com/?p=16496#comment-11489 good is relative. And yes, the revisions and data changing is frustrating. Don't get me wrong, this economy is still a mess. I'll be the first one to admit it, but it's not in the hole it was last year at this time. good is relative. And yes, the revisions and data changing is frustrating. Don’t get me wrong, this economy is still a mess. I’ll be the first one to admit it, but it’s not in the hole it was last year at this time.

]]> By: ES http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11486 ES Fri, 05 Feb 2010 15:02:26 +0000 http://pragcap.com/?p=16496#comment-11486 Good report? May be. I still cannot see past the blatant data manipulation by the BLS, it makes me so mad. So, the birth&death revision was 930K by the unemployement rate went down? Did they lose the count of 1 mil people somehow, they no longer exists? Even U6 is dropping now ebcause it only includes 12 months of data. Those laid off in fall of 2008 no longer count. Yuipee! Good report? May be. I still cannot see past the blatant data manipulation by the BLS, it makes me so mad. So, the birth&death revision was 930K by the unemployement rate went down? Did they lose the count of 1 mil people somehow, they no longer exists? Even U6 is dropping now ebcause it only includes 12 months of data. Those laid off in fall of 2008 no longer count. Yuipee!

]]> By: Philip http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11485 Philip Fri, 05 Feb 2010 14:55:41 +0000 http://pragcap.com/?p=16496#comment-11485 Yes Yes

]]> By: TZ http://pragcap.com/u-s-economy-loses-20k-jobs-unemployment-rate-9-7/comment-page-1#comment-11484 TZ Fri, 05 Feb 2010 14:44:56 +0000 http://pragcap.com/?p=16496#comment-11484 Correct me if I'm wrong, but in the given circumstances doesn't the drop in the unemployment rate means that just more people got discouraged? Correct me if I’m wrong, but in the given circumstances doesn’t the drop in the unemployment rate means that just more people got discouraged?

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