HOLA? Job Numbers Fraud Pointed out by Wayne Madsen
-- Reconcile the 270K difference betw HH survey and DOL fantasy numbers
Wayne Madsen reports on the Jobs number
jessel NEW 12/2/2005 8:57:03 AM
December 2, 2005 -- Bush unemployment stats phony as Iraqi intelligence claims. Today, the White House is crowing about the latest job statistics. It is basing its claims on the most recent job figures issued by the Labor Department. The Bush administration is claiming 215,000 jobs were added in November with unemployment hovering at 5 percent.
However, a former economist with the Bureau of Labor Statistics said the bureau, which determines the monthly unemployment figures, has been totally politicized by the Bush administration. The numbers are "tainted," said the former official, adding, "the Bush people changed the credibility and independence that past administrations insisted upon for the monthly unemployment figures."
Total Employment and the Labor Force (Household Survey Data)
Total employment, 142.6 million, and the civilian labor force, 150.2 million, were little changed in November. The employment-population ratio also was little changed over the month at 62.8 percent, and the labor force participation rate held at 66.1 percent.
But it's not all backslaps and glee at BLS. Buried in the U-6 report (Alternative Measures of Labor Underutilization) we see that the unemployed plus marginally attached workers (and the MBA's flipping burgers) increased from 8.1% of the workforce to 8.4% in November. That's a tad over 1.26 million not following their calling, and that's not counting people who have fallen off the statistics because they have run out of benefits. We reckon honest unemployment is somewhere north of 10%.
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