Categories: Money & The Economy

Unemployment: Tinkering with the Numbers?

CA unemployment line. Photo: Wikimedia

Did you watch the news last week?  A miracle fell into the lap of the president. Three precious weeks before the hotly contested presidential election the ‘newly unemployed’ claims dropped to an unexpected low.

Coupled with the surprising unemployment decline these numbers were heralded by the left as a sure sign this was truly the beginning of the recovery and there were high-fives all around the MSNBC offices. To get unemployed numbers 40,000 less than expected was truly manna from the heavens and fed into the Democratic narrative of an improving economy. These good numbers quickly were incorporated into stump speeches by the left.

But…hold the applause… within a few hours it was reported that one ‘large’ state had not reported all its information. The large state soon revealed as California, a state with critically high unemployment. No, it wasn’t a holiday that interfered but perhaps one government worker was on vacation and didn’t get all the paperwork done. Additionally, multiple economists questioned how the unemployment percentage could be real. Businesses reported only 114,000 real jobs created while an extrapolated 800,000 people found work.

No matter. Democrats across the country gleefully reported these flawed statistics touting their candidate as ‘the one’ who could get us through this trouble he had inherited.

 Until today.

 Job numbers released this morning took a sharp swing on the pendulum back the other direction. As CNBC sadly headlined, Weekly Jobless Claims Drop Proves to be Short-lived.” The timing for those errant numbers last week are suspicious in the least. But those who watch these unemployment claims each week point to an alarming trend of underreporting. The released figures have been revised upward each week for more than 40 weeks in a row.  

Of course, it’s anticipated that President Obama will choose to ignore this week’s numbers. He’ll continue to spin that with more time and more tax payers’ money he will figure out how to fix this mess our country is in.

Still we are left with a significant question: Is it possible for this data to be tinkered with? It will be interesting to see how the numbers are reported once our new administration takes over in 2013.

 

Teresa Wendt

A stay at home mom who runs a household, manages the finances, cares for a young adult autistic son, and cooks from scratch. Traveling from Arizona to Alaska summer of 2013. Visit my blog at https://ramblinroseaz.wordpress.com/ and follow along.

Share
Published by
Teresa Wendt

Recent Posts

In a World of AOCs, Be a Leavitt

Even famous and successful women can't avoid the reality of trade-offs. Earlier this month, Rep.…

2 hours ago

Lower Gas Prices, Peace, and Immigration Control May Stave Off Socialism, Temporarily….

…and a major dose of education. The results of many primaries, and the electorate’s acceptance…

2 hours ago

Less Americans May Be Gambling — But Are Polls Telling The Full Story?

While a new Gallup survey suggests that Americans are now much less likely to participate…

2 hours ago

Man Who Threatened To Shoot Thomas Massie Receives Over 2 Years In Prison

A man who threatened to shoot Republican Kentucky Rep. Thomas Massie was sentenced Friday to…

2 hours ago

America’s Fiscal Demise Could Be Coming Sooner Than You Think

The U.S. federal budget is heading toward a fiscal crisis beginning in 2030, driven by…

2 hours ago

Economic Alarm That Foreshadowed 2008 Crisis Is Blaring Again

The 30-year U.S. Treasury yield climbed to its highest level since 2007 Monday as investors…

3 hours ago