Do the Fed's Cook the Books?

[rick91351]

The government book cookers and the meda verbiage did it again!!!

Economy Creates 163,000 New Jobs but Rate Rises to 8.3%

A quick glance shows 163,000 new jobs and then your eyes see rises to 8.3%  WOW The Big O is pulling us out, there will be a chicken in every pot.  But wait unemployment with all this robust job growth rises to 8.3%.  MY GAWD HOW DO THEY DO IT!!! 

Couple more headlines

Job growth steps up, but jobless rate rises  HOW DOD YOU DO BOTH   

195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force  DOES THIS TELL IT BETTER? 

rlr

[archimedes]

The explanation is that when things begin to improve,   even if only somewhat improve,  people who had previously given up looking for work (and therefore were not counted as unemployed) return to the workforce.   That creates what you accurately point out appears to be a paradox,  more jobs created yet the unemployment rate goes up slightly.

Economics is a messy science.   

[peternap]

If you look at the U-6 rates Rick, the results on a state by state basis are awe inspiring Rick.

I think California is at about 20% unemployment and they aren't the highest.

http://www.cnbc.com/id/48468748

[flyingvan]

If you want to paint a rosy picture, you use the U-3 rate (Unemployed collecting unemployment and looking for jobs---not counting farm jobs)  If you want actual jobless numbers (could be working, not working) That's the U-6.  If you are a real slimeball you compare your U-3 numbers to the past administration's U-6 numbers.
Obviously we need to borrow our way out of debt some more.  And, here comes another Dodds/Frank housing giveaway, forcing banks to make loans to select groups that will turn around in two years and accuse those banks of predatory lending.
Thank God we don't get all the government we pay for

[peternap]

Thank God we don't get all the government we pay for

Yep...Government concentrate goes a long way

[rick91351]

While I am not a student of economics other than when you spend to much you are broke......   

We have grown to a place we have given up I am afraid.  We no longer question the government because it is out of our hands.  We continue to elect the same Bozos, Crooks and Geeks that did what they did and do what they will.  Yet they asure us we their constituents are in their hearts and on their minds constantly!

My real point is how many are really taking time to look and study what the facts are in a simple news paper headline?
 
How many really know what is rolled in to the inflation rate?

How many took time to understand Dood - Frank and it far reaching effects?

How many even questioned Alan Greenspan's comment he never thought the sub-prime issue would have that great of an effect?  WOW Thanks Al got your finger on that one for sure....         

[waggin]

How many really know what is rolled in to the inflation rate?
       

...as well as what's massaged out of it!  Hedonics, substitution, nonsensical statistics, and outright fake numbers are all major components of what we're being spoon fed.

[flyingvan]

Once I'm Earth Czar (Any day now.  Just gotta finish my build first) I got it all planned out.

1) Bought a house you couldn't afford after all?  We'll help you figure out what you CAN afford, and you'll have your choice of homes in your range that someone else thought They could afford but couldn't.  Someone's moving down into your house, too.  The most expensive one gets subdivided, and the guy at the very bottom gets a room there.
2) Every congressional district gets a government/learning hospital for the un/under insured.  Government backs completely out of all the other hospitals and free market takes over.
3) One side of my huge desk, the budget.  Other, the Constitution.  If the Constitution lists it as gov't responsibility, it gets funded----everything else is up to states and locals.
4) Flat tax.  That's it.  Everyone in IRS has to go get productive jobs.  ONLY break is if you build something here and export it.
5) Prime gets raised to 12% and no new money is printed until the GDP matches current production.  Make it worthwhile for people to put money in banks and get some good return
6) No corporate welfare.  If your business is vital to the nation for national defense or something, we'll order 10,000 trucks or whatever you make, through competetive bid.  Recessions are necessary to cut out the deadwood
7) You earn it, you keep it.

[muldoon]

fixing number 4... 
Everyone in IRS, ATF, EPA, DOE(nergy), DOE(ducation), DHS, ICE, HUD, DEA, FAA, FCC, OTC, etc has to go get productive jobs.

[Grimjack]

what are you guys trying to do? Make the US the most productive, most free country on Earth? How dare you. Didn't anyone tell you that socialism will solve all our problems!

[flyingvan]

Yeah, I guess you're right.  Just like it has in Greece, Mexico, Italy,.......

[considerations]

What if we had federal elections and nobody voted?  That is a message that would be heard.

[Ajax]

The government book cookers and the meda verbiage did it again!!!

The government does not cook the books.  It's all right there in black and white.

[rick91351]

Hey its Ajax!  Have not seen anything from you lately, sort of missed your slant on life.   

It's been pretty peaceful except for Don and Alex fighting over post and pier construction.  Imagine that on a cabin builder forum when there is big fish to fry like Does The Government Cook the Books?    By the way the Conservatives do it as well!