VIDEO: CNN Pushes Phony Job Numbers

CNN Money tries to spin the phony job numbers into a positive story to support Hillary

The phony job numbers are being used to pretend we have a growing economy. Notice the spokesmodel actually says that Trump people will look for bad news in the report for political reasons. They won’t have to look very hard!

The unemployment rate went up but that’s good news? Her explanation is that the unemployment rate normally discounts people who have given up looking for a job.

Misleading Numbers

take our poll - story continues below

Who should replace Nikki Haley as our ambassador to the U.N.?

  • Who should replace Nikki Haley as our ambassador to the U.N.?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to The Constitution updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Trending: Former Australian Politician Gives Life to Christ at 85 After Lifetime of Atheism

Mike Shedlock writes:

The official unemployment rate is 4.9%. However, if you start counting all the people who want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is.

[…]

Some of those dropping out of the labor force retired because they wanted to retire. The rest is disability fraud, forced retirement, discouraged workers, and kids moving back home because they cannot find a job.

But there is more reason to believe that the rate is based on phony jobs numbers. Both surveys used to calculate the unemployment rate are deceptive.

It’s important to put the jobs numbers into proper perspective.

  1. In the household survey, if you work as little as 1 hour a week, even selling trinkets on EBay, you are considered employed.

  2. In the household survey, if you work three part-time jobs, 12 hours each, the BLS considers you a full-time employee.

  3. In the payroll survey, three part-time jobs count as three jobs. The BLS attempts to factor this in, but they do not weed out duplicate Social Security numbers. The potential for double-counting jobs in the payroll survey is large.

Team Trump should expose these phony job numbers! The fact is, this “recovery” under Obama is the lowest growth since World War II.

Please leave your comments below

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.