Saturday, October 6, 2012

Ace: Why That 7.8% Unemployment Figure Is Raising Eyebrows

Ace of Spades

You don't even have to think Obama cooked the books (though Jay Cost reminds that that does happen) to look at the number with suspicion.

The economy simply did not add 873,000 jobs last month. It simply did not. The payroll survey says it added a mere 114,000.

There is absolutely no confirmatory data suggesting that the 873,000 number is right and the 114,000 number is wrong. As one guy asked on Twitter -- did payroll taxes jump up past month?
Cooking the books?  Maybe.


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