"Local economists question usefulness of jobs reports" by Jay Fitzgerald | Globe Correspondent, March 18, 2012
Until 10 days ago, Massachusetts business executives and policy makers could feel pretty good about the pace of the state’s economic recovery.
Official statistics showed employers adding nearly 41,000 jobs last year, an average of about 3,400 new jobs a month. Then the Labor Department revised its earlier estimates, downgrading the state’s 2011 job growth by 78 percent, to just over 9,000 jobs, or about 750 jobs a month.
Related: Mass. economy created far fewer jobs in 2011 than first thought
Translation: YOU WERE BEING LIED TO!!!
Boston Globe Business Pages Are Nothing But Bulls***!
Yes, I recognize the odor coming from the news pages next to me.
Boston Globe Giving You the Business
Building spurt brightens job outlook
Robust jobs report confirms recovery
Lied to again and again and again!
And they WONDER WHY their CREDIBILITY is SHOT and NO ONE BELIEVES THEM ANYMORE?
The huge revision paints such a dramatically different picture of the state’s labor market that local economists are questioning the credibility of the state employment and unemployment statistics released each month.
I no longer question them; I know they are horse s*** and have for some time.
Some say the figures are so suspect that the Labor Department might be better off giving up making monthly jobs estimates for states, and instead produce them quarterly or semi-annually.
Yeah, the answer is to not lie as much. Sigh.
That would allow the department to collect more data on which to base the estimates.
Oh, the numbers provided by the state liars are always "ESTIMATES," huh? I guess that must be another word for horse s***.
“I don’t know what the problem is, but the month-to-month changes are just too big,’’ said Andrew Sum, an economist and director of Northeastern University’s Center for Labor Market Studies. “When they change monthly numbers that much, no one takes them seriously anymore.’’
I no longer question them; I know they are horse s*** and have for some time.
Some say the figures are so suspect that the Labor Department might be better off giving up making monthly jobs estimates for states, and instead produce them quarterly or semi-annually.
Yeah, the answer is to not lie as much. Sigh.
That would allow the department to collect more data on which to base the estimates.
Oh, the numbers provided by the state liars are always "ESTIMATES," huh? I guess that must be another word for horse s***.
“I don’t know what the problem is, but the month-to-month changes are just too big,’’ said Andrew Sum, an economist and director of Northeastern University’s Center for Labor Market Studies. “When they change monthly numbers that much, no one takes them seriously anymore.’’
You nailed it, although we KNOW WHAT the PROBLEM IS!
Incorrigible, agenda-pushing liars in government and mouthpiece media!
--more--"
Yeah, that's them!
