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Friday, September 7, 2012

The Employment Report -- Are they Cooking the Books?

This morning, the BLS released the official employment report for August. There were 96,000 jobs created. Of course, that figure was pumped up because the Obama administration also "revised" the figures for jobs from June and July down by about 50,000. That means that the figure reported this morning was actually up by about only 50,000 from the number reported a month ago. It is a devastatingly bad number. Indeed, it is so bad that in a normal month, one would expect the unemployment rate to go up by a tenth of a percent as a result. But remember, I said in a "normal" month, not a month that is just before a presidential election. No, this month, we are told by the Obamacrats that the unemployment rate dropped by 0.2%, the biggest drop of the year. How can that be, you may wonder. The answer is that according to the government nearly half a million people just gave up looking for work in August. That's right, the Obamacrats declared that the work force got smaller, so a smaller percentage is now out of work.

A year ago, had someone suggested that the Labor Department would manipulate statistics for political purposed, I would have scoffed at the idea. "The United States government does not engage in propaganda," I would have said. But that was then, and this is now. There have just been too many lies coming from Obama and his people for me to accept these bizarre work force reports as valid. I have no choice but to conclude that Obama, desperate to look good before the election, has had the Labor Department revise the workforce down, no matter what the actual facts. It is a depressing thought, but one that is unavoidable.



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