The unemployment rate we are fed each month is manipulated – fake, phony, false – not realistic, and the methods for determining the unemployment rate was new as of the January 2012 numbers. The real unemployment rate today is somewhere north of 10%. In January, when the unemployment rate dropped to 8.3%, the main stream...
Gallup’s mid-February unemployment rate, without seasonal adjustment is 9%. In mid-January the same number, without seasonal adjustment was 8.6%. In January the 8.6% dropped to 8.3% AFTER seasonal adjustment. In addition, underemployment is up to 19% from 18.7% in mid January. Seems the report that will come out on the first Friday of March...
Stuart Varney on Fox this morning says this unemployment report is strong. The 243,000 jobs created – a surprise, more than expected. An additional 60,000 jobs, unreported, were created in December. I smell books cooking. Varney says the Dow should be up 100 points when the market opens today. (UPDATE: the Dow is down...
The unemployment rate dropped to 8.6% in November 2011 from 9% in October. That’s a 4-tenths-of-one-percent drop, which is hyped as huge. If it were true. To get to 8.6%, September and October jobs were adjusted up. Here are 17 things to think about and how the math works. 1) We must create 250,000...
