Fake employment numbers

Like government drugs, government statistics appear to be designed to prevent the perception of reality and suppress political action while society is steadily weakened.  The government never declares wars any more so they don’t have to explain themselves.  The same applies to coups.

If the “free and democratic” Americans cannot even find out what the unemployment rate is, how do they expect to find out about anything?
PhonyNumbersStatistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.”

There are a number of ongoing problems with the released numbers. For example, the concurrent-seasonal factor adjustments are unstable. The birth-death model adds non-existent jobs each month that are then taken out in the annual downward benchmark revisions. Williams calculates that the job overstatement through November averages 45,000 monthly. In other words, employment gains during 2012 have been overstated by about 500,000 jobs. Another problem is that each month’s jobs number is boosted by downside revision of the previous month’s jobs number. Williams reports that the 146,000 new jobs reported for November “was after a significant downside revision to October’s reporting. Net of prior-period revisions, November’s seasonally-adjusted monthly gain was 97,000.”

Even if we believe the government that 146,000 new jobs materialized during November, that is the amount necessary to stay even with population growth and therefore could not be responsible for reducing the unemployment rate from 7.9% to 7.7%. The reduction is due to how the unemployed are counted. …

http://www.boilingfrogspost.com/2012/12/11/more-phony-employment-numbers/

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