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NASCOW

09/02/11 3:21 PM

#333026 RE: traderdon #333025

One math formula one day, another math formula another day. No inclusion of food or gas pricing regarding inflationary numbers...the fraud goes on..how about the fact that most jobs added are for the geusstimation that an AKA business filing adds approx 2 new jobs, and that business might never get off the ground...once you start using voodoo math, you cant stop, just like lies, you can't stop....With mathematics like that in our system no wonder WAMU mountain of chaos is getting bigger & bigger
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radiumsoup

09/03/11 10:13 AM

#333069 RE: traderdon #333025

if you really want to get yourself angry, try the following:

Go to Google and set up a "news alert" for the term "job numbers unexpectedly revised".

For a few days once a month, you'll get an alert for the revised numbers for the previous month. Just about every month for the last year has been revised downward in this way.

But the news outlets report the first (inaccurate, skewed in favor of reporting phantom growth in jobs, or at least reduction of jobless claims) but never report on the obvious trend of revised numbers in the opposite direction.

There are two possible causes for the phenomenon: either the agency reporting the initial numbers are using flawed data to begin with and should not rely on those numbers, or they are purposefully misrepresenting the data in order to skew the public perception of the report in the administration's favor. The media is complacent at best, and conspirators at worst. I tend to think it's somewhere in between for most, leaning to the complacent side (journalism has gotten lazy the last 20 years.)

Either way, someone's not doing their job. (pardon the pun)