The Homa Files

Hot off the presses …

The BLS reported that 146,000 jobs were added in November … below October … below the 12 month rolling average … and below the 200k that most economists say is what’s required to dent the unemployment rate …

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… But, magically, the unemployment rate dropped by 2-tenths of a percent to 7.7% … hmmm.

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Most interesting number: October’s government employment number was revised down by about 50,000

Hmmm.

Yesterday in our post Gotcha: About those rosy unemployment stats …  we showed how the bump in government employment accounted for most of the decline in the unemployment rate running up to the election.

Seems that that number was a tad inflated.

Surprise, surprise, surprise.

Wouldn’t you think the government would know how many employees are on the payroll?

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This entry was posted on December 7, 2012 at 8:59 am and is filed under BLS, Employment - Jobs, Unemployment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.