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View Diary: Government reports increase of 114,000 jobs, official jobless rate drops to 7.8%, U6 is 14.7% (207 comments)

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  •  Plus, if Obama wanted to pressure the BLS into (24+ / 0-)

    ...cooking the books, don't you think he would've been doing so all along?

    If it's that easy for a sitting President to do, he could've just had them tack on an extra 50,000 jobs per month all along to avoid suspicion.

    •  they( admins) (0+ / 0-)

      have been changing the way index and reports unemployment dozens of times over these last few decades.

      And its ALWAYS to make the number reflect lower.

      If we reported unemployment as we did back in the early part of last century, we would be in the mid teens.

      Bad is never good until worse happens

      by dark daze on Fri Oct 05, 2012 at 07:48:16 AM PDT

      [ Parent ]

      •  Not necessarily. (1+ / 0-)
        Recommended by:
        Larsstephens
        If we reported unemployment as we did back in the early part of last century, we would be in the mid teens.
        True.  We'd also be including 11-year-old children in our data.  Just because we measured data one way a hundred years ago doesn't mean we should measure it that way now.  

        Yes, the BLS has been changing the way they index and report U3 data for decades.  That is true.  However, it's not to make the numbers look better or worse, it's because the work, labor force participation, the structure of our economy, the 8-hour work day, all these things in this country have changed dramatically over the last several decades.

        In light of this they have had to change methodology in order to keep the U3 data as an accurate reflection of our labor economy.

        It's also true that the BLS has added four new, distinctive measuring methodologies over the last few decades.  This is to provide various methods of observing the data that include more subjective reporting and criteria.  So, if we're looking for nuance in the data, we have up to 7 different Unemployment data measurements to look at.

        Methodologies in Statistical Analysis show us that changes in measurement and methodology are not in and of themselves proof of a preference to shade the data.  We change our methodologies to reflect changes in the context of the data we are observing.

        "We are the ones we've been waiting for"

        by gossamer on Fri Oct 05, 2012 at 08:48:31 AM PDT

        [ Parent ]

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