One thing I do know is that the BLS has been cherry-picking the best cities and towns in the country to survey. For example, the HR director for my organization was contacted during the primary election to report hiring numbers from the city, including 1 day poll workers. This city had the best unemployment rate in the state (4.3% at the time). It is my guess that the BLS looked at the ELMI state stats at the time and picked from there to do the survey.
Secondly, I'd like someone to explain how we saw a decrease in the rate to 7.8, but didn't see corresponding decreases in the other measures of unemployment (like the U6) when labor force participation is up. They are tied to one another.
Also, how is it that we keep getting revisions for months that pass. It seems like every report holds new revisions for months that were already revised. Something is fishy here and seeing as the administration just lied about the Libya attack originating from a YouTube video, I wouldn't be surprised if they're lying about this too. Man, I really hope that people can see through this for what it is. I have also never seen democrats so oblivious and uneffected by this admin's blatant lies. I really think that the reason is that if he wins they have a once in a generation opportunity to instill socialism in the country and that enthuses them meanwhile ...ing the rest of us who don't want it and have no choice, but to live through it once implemented.
I agree that there's legitimate reason to question the accuracy of those numbers. It's understandable that previous months were revised upward. But none other than Chris Cuomo said not to take the numbers at face value. The "U6," which is said to be correlated to the other unemployment measures, hasn't moved much. The number of jobs added isn't much different from the average this year. Labor force participation is up. The most obvious explanation is that we added more jobs than we thought in previous months, but we'll have to wait for further analysis.
