Ivor O’Connor

August 8, 2009

Bogus Unemployment Numbers

Filed under: Uncategorized — ioconnor @ 7:43 am

So this month 270,000 jobs were lost yet our unemployment went from 9.5 to 9.4 percent. This apparent absurdity is explained by saying some 270,000+ people decided they no longer desire to work and removed themselves from the job pool.

Unemployment numbers have been redefined over time. If you look at the actual stats you’ll see it has changed 11 times over the last 18 years! They say “Not strictly comparable with data for prior years”! What does this mean exactly? The link they give http://www.bls.gov/cps/eetech_methods.pdf for an explanation does not explain things.

I think the numbers are merely to help keep us lemmings in line. It’s working.

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