It seems that just prior to the 2012 general elections, at a time we might also be selecting either a new president or 4 more years of the older one, there had been quite a lot of chaos in the last three months running up to the election, usually concerning our job numbers. The jobless rate looks to be on a rollercoaster ride. What was going on? Sure, in an election year anything can occur and these varieties of statistical data have been doctored and manipulated before by past presidential administrations.
Nevertheless would this current administration dare to do that? Well, let's chat shall we? Some of the roller-coaster ride definitely had to do with the Federal Reserve’s QE3 (3rd round of quantitative easing) and the standard seasonal work gyrations. Still, that doesn't explain it all. Do electorate lookout for such things, is it a deciding factor in the election? It definitely might be for the President of the US in his reelection bid, because this election seems to be all about the economy.
In Producing (dot) Net Online reports there was a fascinating article posted on November 2, 2012 titled, “Unemployment Rate Hikes Before Election,” by Christopher S. Rugaber which noted the unemployment rate came in at 7.9% which is.1% higher than last month’s 7.8% which many had considered very suspect, as if the BLS (Bureau of Labor Stats) had falsified or manipulated data to pad the President’s probabilities for reelection. In fact, previous CEO Jack Welsh even discussed it on his Twitter Account which brought forth a political media firestorm, even if his perspectives were held by many out here in the actual world. There had been an identical piece in the USA Today Breaking Reports Alert which mentioned “The roles report for October showed the economy added 171,000 roles last month, the unemployment rate was 7.9%. The report is the last broad picture of the economy before Tuesday’s presidential election.” The Washington Business Book put a different spin on all this in their piece titled, “Obama cheers roles gains, Romney cites 7.9% unemployment,” by Kent Hoover, on Fri., November 2, 2012, with alterations as the day went on. Well, this is just a couple of days before the 2012 presidential election.
Previously, in July and August we were at 8.2% unemployment, and then the numbers came in after Sep claiming that September they shrank to 7.8%. Many call that a fluke and a paradox, but the BLS claims those numbers were justified, and that they had the very best statistic analyzers and financial consultants in the world working for them. Yes, but they also had folks from ACORN manning the phone lines calling folk at home to ask whether they had worked in the prior 30-days.
It’s tough to say for sure if there had been manipulation going on, but I do believe there had been. The indisputable fact that the number backtracked.1% in October sounds correct, if we are to believe that they came down.4% between the statistics taken at the end of August, and those taken at the end of September. While the statistics do matter to electorate, it may be too tiny too late, and as you might recall President Obama in 2008 had just a 7.8% unemployment number when he started, therefore we’ve fundamentally gone nowhere. Now then, does that mean President Obama will go nowhere and keep his job, or will he go somewhere, i. E the unemployment line himself? We won't know till election day, but the job unemployment numbers do matter, and they might have decided election.
Please consider all this and think on it.