Off-Topic: Gov' manipulation of jobs report
(Daytona Beach Specific)
1 messages
Updated 2/16/2011
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(Daytona Beach Specific)
1 messages
Updated 2/16/2011
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Name:
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lucky67
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Subject:
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Gov' manipulation of jobs report
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Date:
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4/23/2024 10:02:00 AM
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being suspicious of the #'s being released, as are many, Goldman Sachs did an indepth study; come to find the labor dept is using 2 surveys to determine the monthly JOBS created; and as we know govt hiring is usually 50-60% of all hiring
1 survey is from a random sampling of 122,000 businesses and Gov't agency hiring--(no accounting is made for layoffs);
the other survey is random calling to approx 60,000 households, --it does not differentiate new hires that are legal/ green carded/ illegal;
Goldman thus concludes the REAL UNEMPLOYMENT RATE is being UNDERESTIMATED by at least 1-2% monthly;
Joes America moves on
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