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Friday, February 3, 2012
Warning: Jobs Numbers are Misleading
Jobs numbers, reported today as 8.3% unemployment, don't include people who have given up looking for work. Not to mention that initial reports are always rosier than the revised reports issued a week later. This list of links is up on Drudge Report today. Rush said today, "Why, do you know we created seasonally adjusted 200-some-odd-thousand
jobs? Do you know what the raw number is? From the Bureau of Labor
Statistics' own table, the raw number, before there's any seasonal
adjustment, the raw number is that from December to January, we lost two
million jobs." Ten points to the first person who finds any of this depressing information referenced in the news media! Such reporting doesn't often occur under Democratic presidents. Especially Democratic presidents in a reelection year. Don't be fooled!