Thread: Jobs Report - Any Guesses?

Bloomberg says the 7.8% is QUESTIONABLE? NAH! Nobody would purposely Cook the Books.
Highlights
"Today's report includes a surprise drop in the unemployment rate-but it is statistically questionable."
Economic Calendar - Bloomberg

Originally Posted by nnuut

Bloomberg says the 7.8% is QUESTIONABLE? NAH! Nobody would purposely Cook the Books.
Highlights
"Today's report includes a surprise drop in the unemployment rate-but it is statistically questionable."
Economic Calendar - Bloomberg

That QE3 sure worked quickly didn't it?

Looks like we don't need QE3, cancel it now, 7.8% is just fine.

Wow, look at the participation levels drop!
courtesy of:link

LOL. Why is today's report questionable? It's on schedule. The Media was told to harp on 8% so under 8% will provide a headline.

What happened in March 2010 to cause a minor uptick? Some doubt about benefits or deadline that caused some more to seek work?

Originally Posted by Warrenlm

LOL. Why is today's report questionable? It's on schedule. The Media was told to harp on 8% so under 8% will provide a headline.

What happened in March 2010 to cause a minor uptick? Some doubt about benefits or deadline that caused some more to seek work?

Mainly political....but also, if it swings broadly it's suspect, people who are out of the market because of this indicator may be a little upset. But, it should only carry a "little" weight since it's a lagging indicator.

Originally Posted by nnuut

Looks like we don't need QE3, cancel it now, 7.8% is just fine.

I agree, but the actual jobless rate is closer to 12% than 8%. Why they take out those who are no longer receiving unemployment benefits, but haven't found a job is beyond me.

Originally Posted by Viva_La_Migra

I agree, but the actual jobless rate is closer to 12% than 8%. Why they take out those who are no longer receiving unemployment benefits, but haven't found a job is beyond me.

Not to mention the newly found (Government) Public Jobs that were not counted in July and August, that's only one thing that's skewing the count. Who did the hiring and why?

Originally Posted by Viva_La_Migra

Why they take out those who are no longer receiving unemployment benefits, but haven't found a job is beyond me.

To lie their way into an election win!

No president has been elected with an above 8% unemployment rate...that's why it is below 8% now

Originally Posted by rcknfrewld

No president has been elected with an above 8% unemployment rate...that's why it is below 8% now

You saying the count is regged? Of course!