Unemployment rate went down?

As you may have heard on the news today that the unemployment went down again to 8.3% and we "added" almost a quarter of a million jobs. The news also explained that it is in part that thw work force is smaller now than it was at the beginning of the recession. About a million people stopped looking which made the force smaller and some got jobs (low paying). It looks like at this pace the rate will be at 5% like it was at the start of the recession before long. The government sure knows how to lie just like ALL the recruiters out there. Send me your resume, after the get it, they tell you they are just starting the process and IF you qualify they will call you in for an interview. I expect to never hear back again, that to me is just like rejection. What does it take to "qualify" for a job today? Experience does not , education does not, young looking does not, willing to take a hugh nosedive in pay does not, then WHAT DOES? Do you put all the resumes in a hat and just draw one?

These stats are bogus, we all know that. If the rate is going down how come I can't find a job? At least a response? I think the job market is shrinking. Just yesterday American Airlines said it plans a massive layoff. They are not the only ones.

theeconomiccollapseblog.com/archives/i-cant-take-it-anymore-when-will-the-government-quit-putting-out-fraudulent-employment-statistics

Karen in Chicago, Illinois said: These stats are bogus, we all know that. If the rate is going down how come I can't find a job? At least a response? I think the job market is shrinking. Just yesterday American Airlines said it plans a massive layoff. They are not the only ones.

theeconomiccollapseblog.com/archives/i-cant-take-it-anymore-when-will-the-government-quit-putting-out-fraudulent-employment-statistics

They always report U3. U6 is probably closer to the real number and even that has been massaged.

Everyone knows the number reported is bogus.

Do you see people out shopping and saying times are good?

Do you see people out buying cars and homes, with interest rates in the 4s?

No.

But this number is convenient for the administration and its blind sycophants as well as the market, which has actually done well.

The market actually has liked employers not hiring people and squeezing out bigger profits. And the market also liked today's number showing unemployment "down." That's kind of contrary and silly. See the disconnect?

They manipulate the real unemployment (UE) numbers cause...

1. It hurts the stock market if the UE numbers are bad
2. The election is right around the corner
3. Government thinks that the people who ran out of UE benefits found a job by now
4. Politicians pandering that they are creating jobs
5. Its a way of playing down the very bad situation that is currently happening

Jerry in Pompano Beach, Florida said: They manipulate the real unemployment (UE) numbers cause...

1. It hurts the stock market if the UE numbers are bad
2. The election is right around the corner
3. Government thinks that the people who ran out of UE benefits found a job by now
4. Politicians pandering that they are creating jobs
5. Its a way of playing down the very bad situation that is currently happening

Yes, it is an election year. Ha!

The latest extention of unemployment benefits runs out the end of this month as well at the payroll tax cuts. There are rumors out there that they want to cut the current 99 weeks in half in states that are currently getting that much. They also want everyone to at least have a GED in order to collect and drug testing. Most of the people have at least a GED and many have college degrees. The drug testing thing is crazy. You have to take a drug test in most places to get a job, and who will pay for that? They are going to take away benefits and pay for the tests? By cutting benefits it will make the rate go down even faster. People will not get a job any faster when the benefits run out unless hiring speeds up. With nothing but agencies and work at home scammers emailing me, how is a person going to get a job going that route? I blow them off, and look myself instead of them looking for me.

The unemployment rate probably "went down" because many folks' unemployment claims expired. It has nothing to do with more people working. (Like #3 of what Jerry in Pompano said).

I was watching Nightly Business Report last night on PBS its a financial TV show without all the hype and drama from other investment/business shows (Jim Cramer). And the stock market had a GREAT day with the release of the unemployment numbers going down.

If the 'real' unemployment number was accurate it would be at 20%.

Its not all sunshine and roses with a fake 8.3% Gov calculation.