surprised to read this in the MSM let alone on MSNBC yesterday, there have been questions regarding the unemp statistics that the admin has been touting particularly when we heard it would take 400,000 jobs a month to improve the number and we've not seen anything close to that yet...as MSNBC points out...
" The unemployment rate has fallen by six-tenths of a percentage point from October's level of 8.9 percent.
That is an unusually rapid decline "
and
"rapid decline in the jobless rate in the past few months
has defied expectations; some economists argue that
the widely-followed seasonally-adjusted numbers may be too good to be true"
The CBO attributed much of the decline as due to shrinking of the workforce participation and specifically pointed out that it was not attributable to retirees....."
MSNBC lets you in on a little secret down further in the article...
"So far, the downward trend has helped the president.
As the job numbers have improved, so has Obama's approval rating - rising from a low of 41 percent in October to 45 percent in February, according to the latest Gallup poll.
But it remains to be seen whether that momentum can be sustained until the November election.
The rapid decline in the jobless rate in the past few months has defied expectations; some economists argue that the widely-followed seasonally-adjusted numbers may be too good to be true.
Some suspect the government's formulas for smoothing out seasonal factors may be inadvertently inflating the numbers. Gallup chief economist Dennis Jacobe figures that, without those seasonal adjustments, the jobless rate has actually been rising for the past three months, hitting 9.1 percent in January."
I don't know about "inadvertantly"
Economy Watch - Employment data may be too good to be true
U.S. Unemployment Up in February
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