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Believe it – Employment Numbers Were Ginned

Tacitus X Wrote: Oct 15, 2012 7:30 AM
Let's not forget Obama's famous comment that a higher unemployment rate is actually a sign of a strong economy because it means previously discouraged people who had stopped looking for work are re-entering the job market. He's a genius! Adam Smith, move over!

A couple weeks ago, this column analyzed the inflation rate reported by the Bureau of Labor Statistics (BLS), and concluded that you should rely on your common sense when the government reports questionable statistics. If they don’t make sense based on what you see, experience, and hear from your friends, then they’re probably wrong. Last week’s unemployment number – which decreased to a still-dismal 7.8% – should not only make no sense to you, but should have never made sense to the BLS and therefore should never have been issued.

So am I just popping off or is there...