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Jase

Jobless rate falls to 7.8%

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this is simply how unemployment is calculated. always has been. nothing new to this administration.

edit: i see now that tensor said the same thing...

and i responded in kind

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Labor Dept stressed the "volitility" of the home survey. Could that mean that this huge, part time, home stuff could just as easily go away?

Looks like a CYA to me

Obama doing his part to help unemployment by hiring gov workers just before election. Yeah, we needed more gov employees

http://cnsnews.com/news/article/unemployment-rate-plummets-43-government-workers

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Yep I'm sure its just a coicidence that the numbers don't make any sence at all, and that it amazingly happened ont he heels of distaterous debate.

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They should change the way unemployment is counted so that even the short-term unemployed don't count as being unemployed.

We could get the rate down to 0%.

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They should change the way unemployment is counted so that even the short-term unemployed don't count as being unemployed.

We could get the rate down to 0%.

Welcome to the game of modern media and political plays.

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There might actually be something to this conspiracy theory.

Number of people employed increased from 142,101,000 to 142,974,000. (+873,000)

Number of people employed part-time for economic reasons increased from 8,031,000 to 8,613,000 (+582,000)

What do you get when you divide 582000 by 873000?

Exactly 2/3.

What are the odds?

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Economists also skeptical.

They are saying we would need GDP close to 5% to get this kind of job growth.

Ours in fact is shrinking and at 1.3% currently.

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I haven't looked at the numbers today, but doesn't part time employment always start to pick up this time of year.

Yes and retailers said they planned to hire more holiday help this year than they have in years past.

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