Comments on: The electoral politics of the jobs report

By: FifthDecade

FifthDecade — Sat, 06 Oct 2012 10:13:49 +0000

I love the way the Republicans ran the economy into the ground under George Bush II and then blame the firemen who came along to stop the fire spreading and say it’s the firemen’s fault the workers can’t work in the building any more…

By: MrRFox

MrRFox — Sat, 06 Oct 2012 06:34:19 +0000

“The Counterparties thingy is somewhat like that, but with too much NYT in my opinion.” (QCIC)

More like too much FT and WSJ pay-walled stuff – at least we can read the NYT Leftist rants.

By: CDN_Rebel

CDN_Rebel — Sat, 06 Oct 2012 04:20:42 +0000

@QCIC That’s not true – reporters are still very important and largely hungry and hard working. The problem is reporters aren’t on the 5 O’Clock news, nor the 6, nor the 7 or the late night wrap-up. It’s all tele-promters and phony commentators that know the players but not the game. Most written articles these days are cut-and-paste hacks spewing other people’s opinion too. My best advice is read TONNES of different material on any one subject everyday and make mental notes… within a couple of weeks (probably sooner) you’ll know who’s a hack and who’s a journalist. The Counterparties thingy is somewhat like that, but with too much NYT in my opinion

By: klhoughton

klhoughton — Fri, 05 Oct 2012 19:35:38 +0000

” Obama can now say that he’s created more private-sector jobs in the past four years than George W Bush created in eight.”

Uh, Felix, he could say =that= back in January (or September of =last= year, if you admit that the Jan 2009 data was surveyed before Obama was inaugurated).

Then again, GWB’s Private-Sector job “growth” was -638K jobs. (If you use Feb 2001–the first survey under his leadership–as his baseline and admit that Jan 2009 was his.)

By: QCIC

QCIC — Fri, 05 Oct 2012 17:30:29 +0000

GRRR-

The media not paying attention to anything but headlines? Say it ain’t so?

If you asked the media to tell you 15 different things about the appearance of an elephant its answers would be “big”, “large”, “huge”, “giant”, “enormous”, et cetera.

I wouldn’t count on most reporters being able to walk and chew gum at the same time much less follow an argument that has more than two premises, or a report that has more than 1 fact.

By: GRRR

GRRR — Fri, 05 Oct 2012 16:50:37 +0000

Notice how the BLS report’s revisions to July and August have come dramatically closer (upward revision by 40,000 each month) to ADP’s?

Also notice how weekly hours in manufacturing is now at 40.6?

There are a lot of positives in this report, but the media’s not paying attention to anything but the headline unemployment rate and new jobs added in September — which could very well be revised upward to match ADP’s.