Wednesday, October 10, 2012

The BS Labor Statistics






Right after the extremely entertaining show of Obama’s helpless debate performance, the government Bureau of Labor Statistics (BLS) published false employment data for September, clearly designed to throw a rope to our sinking President. 



According to that report, the total payroll employment in the nation has risen by anemic 114,000, but miraculously this employment disaster has resulted in a significant drop in the percentage of jobless people—from 8.1% to 7.8%. (I think that after such a skillful mathematical equilibristic, the BLS abbreviation should be deciphered as Bull…t Labor Statistics.)

But inside the huge BLS report there is another interesting data: the number of manufacturing jobs decreased in September by 16,000, while the government added 10,000 people to its taxpayer-funded payroll.

I’m sure they either made a honest mistake or it was Bush’s fault.

Here’s an article in WSJ by Jack Welch.
http://online.wsj.com/article/SB10000872396390444897304578046260406091012.html?mod=WSJ_Opinion_LEADTop






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