…and why it is absurd, fraudulent and corrupt. Read this if you want to very quickly understand the relationship between U3 (government fraud) and CIVPART (Civilian Labor Force Participation Rate.)
Want a lower U3 rate for the upcoming election? Simple: just erase a few hundred thousand available jobs. Jobs being “created” currently don’t even keep up with population growth. How is that an “improvement?”
In the 11 swing states, Mitt Romney earns 49% support to Obama’s 47%. One percent (1%) likes another candidate, and three percent (3%) are undecided.
“This is the first time Romney has led the daily Swing State Survey since September 19. Until today, the president had led for 17 of the previous 19 days, and the candidates had been tied twice. This survey is based on findings from the previous seven days, with most of the responses now coming since Romney’s debate win last Wednesday night.
Forty-six percent (46%) of these Swing State voters are now “certain” they will vote for Romney and will not change their minds. Forty percent (40%) are certain they will vote for the president.”
Gallup: “The lack of face-validity of the government’s unemployment numbers creates major problems, particularly during a presidential election year. The situation is worsened by the huge number of complex adjustments made to the data. Rather than debate whether something is wrong with the government’s estimation process, it seems reasonable to look at other measures as an alternative.”
Why not just use U6? It’s a much more honest measure (and does NOT allow the suspect but very predictable optimistic pre-election massaging downward.) Using the Household Survey as a meaningful measure is absurdly Orwellian.
Table courtesy PORTAL SEVEN
Thanks for the warning. Some of this is union huffery-puffery, but Detroit has the highest homicide rate and is considered the most violent city in the country.
DETROIT (WWJ) – The men and women of the Detroit Police Department believe the city is too dangerous to enter, and they want citizens to know it.