The Employment Report Just Doesn't Add Up

Last month, the September Employment Situation Report said the unemployment rate dropped by 3-tenths of a percent to 7.8% while only adding 114,000 jobs to the economy.  This is surprising unto itself because you would need to add roughly 450,000 jobs add to our workforce of around 150 million workers in order to lower the unemployment rate by that much. Then, last Friday, the October report said that the economy added even more jobs.  This time 171,000.  Yet, the unemployment rate didn't fall.  Instead, it rose to 7.9%.  So, obviously, something is happening beyond just simply adding jobs for it to illogically fluctuate over the last two months.

Then, when you take a look at the number of unemployed, things get even murkier.  In August, the number of the "official" unemployed was 12.544 million workers.  In September, when the unemployment rate fell 3-tenths, the number of unemployed dropped  to 12.088 million.  On a net basis, this implies that 456,000 previously unemployed workers found jobs from August to September.  However, the report said that only 114,000 found jobs.  Similarly, in the October report, the number of total unemployed increased by 170,000; which, this time, is almost exactly equal to the 171,000 jobs added last month.

Then there's this other inconsistency.  According to the September report, 873,000 suddenly found work after not having looked for work in the prior month.  Yet, somehow, that number was not included in the job gains for the month.  More importantly, that 873,000 increase should have lowered the unemployment rate down to 7.2%.  But, it didn't.  Because, to do so, would have really raised a red flag.  Instead, that number,  along with the total mix of numbers, was used to so dramatically and conveniently lower the unemployment rate to below 8%.

Then, in October, another 578,000 suddenly found work.  Again, that number was not included in the number of jobs being added. What that 578,000 did is kept the unemployment rate from not going above that psychological impacting level of 8%; holding it at a convenient 7.9%.


The fact is that, conveniently, a total of 1.5 million people showed up in the last two employment reports as workers who suddenly found jobs; politically helping Obama in the last two months before the election.  If what I am implying is right, we should see a significant rise in the unemployment rate next month or the month after.  If so, it will prove that the numbers were manipulated for political reasons.  But, mark my words, nobody in the liberal media will say a word about it.  Instead, if Romney wins, that very same media will still be out trying to prove that, somehow, he stole the election through deceit and lies.

References:

--- Market Watch: September Employment Report: 873,000 people in the household survey said they found jobs while the official job creation only stands at 117,000:  http://articles.marketwatch.com/2012-10-05/economy/34268040_1_jobless-rate-number-of-new-jobs-unemployment-rate

--- Bureau of Labor Statistics: October Employment Situation Report:  Workforce Increases by 578,000 while the economy only added only 171,000 Jobs: http://www.bls.gov/news.release/empsit.nr0.htm

--- Bureau of Labor Statistics: August, September, October Employment Situation table: http://www.bls.gov/news.release/empsit.a.htm