July BLS Full Of More BS?

August 3, 2012 | Filed under Economics,Employment | Posted by

Zero Hedge:

Happy by the headline establishment survey print of 133,245 which says that the US “added” 163,000 jobs in July from 133,082 last month? Consider this: the number was based on a non seasonally adjusted July number of 132,868. This was a 1.248 million drop from the June print. So how did the smoothing work out to make a real plunge into an “adjusted” rise? Simple: the BLS “added” 377K jobs for seasonal purposes. This was the largest seasonal addition in the past decade for a July NFP print in the past decade, possibly ever, as the first chart below shows. But wait, there’s more: the Birth Death adjustment, which adds to the NSA Print to get to the final number, was +52k. How does this compare to July 2011? It is about 1000% higher: the last B/D adjustment was a tiny +5K! In other words, of the 163,000 jobs “added”, 429,000 was based on purely statistical fudging. Doesn’t matter – the flashing red headline is good enough for the algos.

Go see the charts they posted. Also, there is more here.

Shorter:

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Posted by on August 3, 2012.
Filed under Economics, Employment.
Tagged with: • .
I'm a Conservative minded mother and wife living in the Triangle area of NC. I began writing in 2009 via my LadyLiberty1885 blog. My writing can also be found at Carolina Right, BatShitCrazynews and at Wizbang. I also write science fiction and children's novellas that are works in progress and unpublished as of yet.

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  • GarandFan

    As the election gets closer, look for more ‘creative’ fudging of data.

    • Brian_R_Allen

      The vast RICO-racketeering criminal enterprises that prefer we call them by their street name: The “Democratic” potty; own operate and control America’s every bureaucracy and are almost as creative with labor and other stats as they are with measuring the temperature of every vast expanse of pavement in the country and the outflow from every air-conditioner — and calling it Mann-MadeGW.

      Of course they are even more creative with the elections’ machinery they also control — and by means of which they steal at least 10% of the votes cast in America’s every election! Worth the presidency several times and that criminally put five senators – one of them the execrable Harry Reid – in office in 2010.

  • retired.military

    Hell by election time we will have 1% unemployment.

  • 914

    Lie la Lie.. Lie la Lie li ;li lila la la lA LA LA lIE!!!!!

  • herddog505

    I don’t know why you are repeating these Republican lies about the economy when there’s nothing the president can do about it and it’s not his fault that he inherited all these problems from Bush. You should be talking about more important things, like Mitt Romney’s refusal to pay taxes and how he insulted the British by making up a bunch of BS about how security at the Olympics was in trouble. And what about Chick-fil-A’s hate-filled crusade against gay rights and the wonderful “Kiss In” that clearly shows how out of the mainstream they are? Nobody eats at Chick-fil-A and they’ll be out of business very soon.

    • http://www.facebook.com/people/Ryan-Murphy/100001624276605 Ryan Murphy

      I love how it’s ‘not the preident’s fault and thee is ‘nothing the president can do about it’ but it IS the PREVIOUS president’s fault.

      • Mallet Head

        It’s called Liberal Logic. Anyway it’s just a troll

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