Well, October brings a release of new un-employment data and economic indicators to make us all feel as good as possible... Without raising red flags and shooting down the Obama Stimulus plan. Ok, well, let's just say the new numbers are out and this month is no different than I reported last month.
Our OFFICIAL rate has now climbed to 9.8%! and another buried adjustment to report:
"The change in total nonfarm payroll employment for July was revised from -276,000 to -304,000, and the change for August was revised from -216,000 to -201,000." from the official release
found here...
Very similar to what I had in
this post less than 2 weeks ago where I noticed some buried information...
Again, we are revising our numbers, in this case by another -13,000 worse than reported... Yet, little or no mention of this in the media and no real revision of the official rate for July or August.
If the raw underlying data is changing, the rate is changing... that is simple math and nobody is doing it!
So, lets not talk about the official plus Discouraged Workers plus marginally attached plus part-time hitting 17% either... That would make it sound like things are just not as rosy as being spun in Washington...
How much longer before someone starts reporting on this?