Joe Scarborough is confused by the new jobs numbers

[Locutus]

Not saying it's aliens but really...if it walks like a turd, looks like a turd, smells like a turd...maybe it's a turd.

Interweb is buzzing like flies around this odoriferous one. Hope some fine buckaroo sniffs out the truth.


via sda:

"These numbers are so suspect, even MSNBC can't swallow them." - YouTube user, HoundOfDoom

Via Breitbart, we learn that CNBC and ABC are a little confused about the US Jobs report today. Add, FNC. Ed Morrissey helps explain things.

Now, I hope that the current gov't had nothing to do with these weird numbers. If the idea gains hold that gov't economic statistical data can be manipulated for purely partisan reason, well, heads will roll. Lots of lawyers will be called.

 

[DaSleeper]

The CBC bought it......8O

 

[TeddyBallgame]

- The former head of the Bureau of Labour Statistics under George Bush explains here what might have caused this anomolous figure that stands out in a sea of very bleak economic and employment data south of the border:

Keith Hall, who served as Commissioner of the Bureau of Labor Statisticsfrom 2008 until 2012, said in an interview Friday that there is no way someone at the agency could change any of the data from its two monthly employment surveys. The significant improvement in the unemployment rate may reflect normal statistical errors in the sampling process, he said, but that has nothing to do with manipulation.
“There’s nothing wrong with the numbers,” said Mr. Hall. “The only issue is the interpretation of the numbers. The numbers are what they are.”
For September, the politically important unemployment rate fell to 7.8% in September from 8.1% the prior month, according to the Labor Department. That was the lowest level since January 2009 and well below the 8.1% forecast of economists surveyed by Dow Jones Newswires. The unemployment rate estimate is derived from a survey of households, which came up with an estimate that 863,000 jobs were added for the month.
But the separate establishment survey from which the official payrolls number is derived reported a more modest seasonally adjusted gain of 114,000 jobs in September. That was below the consensus forecast of 118,000, though the previous two months were revised higher.
Mr. Hall said the inconsistent reports reflect the different samples used in the two surveys, one focused on households the other on businesses. The establishment survey has a huge sample size of 141,000 business and agencies covering 486,000 worksites, whereas the household survey covers just 60,000 homes.
“The household survey is much smaller. When you look at something like labor force and employment levels, the uncertainty of those numbers is much larger,” said Mr. Hall. “Within two months, the household survey could show the unemployment rate eking back up.”
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[Highball]

Scarborough was born confused. What is new?