5:05 pm in Uncategorized by Daveparts
By David Glenn Cox
Somewhere between the lies and the rage lives sanity. It lives oppressed and abused in a land which has quite literally, lost its soul. It lives in a cold dingy room; it lives on hope and food stamps. It lives on memories of the past which grow smaller in the rear view mirror as time whizzes by.
Without any further introduction, the November Bureau of labor Statistics jobs report filled with wishful fantasies resplendent with excuses, a turd polished to a fine, high gloss luster. From the commissioner’s statement;
“Nonfarm payroll employment increased by 146,000 in November,
and the unemployment rate edged down to 7.7 percent. In 2012,
job gains have averaged 151,000 per month, essentially the same
as in 2011. In November, employment rose in retail trade,
professional and business services, and health care.
Before providing the details of this month’s data, I would
like to comment on the impact of Hurricane Sandy on our November
estimates. On October 29, the storm made landfall on the
Northeast coast, causing severe damage in some states.
Nevertheless, response rates in the affected states were within
normal ranges in November. Our analysis leads us to conclude
that Hurricane Sandy did not substantively impact the national
employment and unemployment estimates for November. We will
release the November regional and state estimates on December
For weather conditions to reduce the estimate of payroll
employment, employees have to be off work for an entire pay
period and not be paid for the time missed. In our household
survey, persons with a job who miss work for weather-related
events are counted as employed whether or not they are paid for
the time off.”
Wonderful, the largest utility in New Jersey estimates damages of over 300 million dollars calling it, the largest power outage in the state’s history. The Bureau of Labor Statistics crosses its fingers declaring that storm related unemployment doesn’t count. They will of course, count all of the workers hired to repair this damage as proof positive that our economic recovery polices are working.
Civilian non institutional population – up by 191,000 new workers
Read the rest of this entry →