Thursday, October 11, 2012

BLS FAIL : JOBLESS CLAIMS NUMBER Doesn't INCLUDE CALIFORNIA .. CALIFORNIA HAVE ONE OF THE BIGGEST UNEMPLOYMENT IN U.S. .. 20 %

I didn't buy into the idea last week that the Labor Department "cooked the books" on the September jobs report. If you were going to go to the trouble of fixing the numbers, wouldn't you come up with good numbers for both parts of the report? The household survey, upon which the unemployment numbers is based, is historically very volatile. Its suggestion of 800k new jobs in the month is obviously an outlier. Even if you accept the number at face value, an oddly precise 2/3rds of these jobs were part-time. You don't build a recovery on part-time jobs. 


BLS Fail: Jobless Claims Number Doesn't Include California:  CLICK  FOR  MORE..


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