Friday, October 19, 2012

Obama Donor Underreported Unemployment Data

If you smelled a rat in last week's unemployment data, then you have a good sense of smell. Meet the rat.
On Oct. 11, the federal government reported that weekly jobless claims were down significantly, suggesting a dramatic national increase in economic growth and a steep decline in layoffs.  Jobless claims, according to the Labor Department, had fallen by 30,000 to 339,000, their lowest level since February 2008.

The good news for the Obama administration spread quickly, with outlets like CNN and Bloomberg declaring, “Jobless claims fall to four-year low.”
But within hours, the Bureau of Labor Statistics and Labor Department analysts announced that one major state had failed to fully document jobless claims. They declined to name the state.
Speculation among market watchers and economists initially focused on California, but the state’s Employment Development Department strongly denied that it had failed to properly document the data.

“Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible,” California Employment Development Department director Pam Harris said in a statement last week. “The California Employment Development Department, which administers the Unemployment Insurance (UI) program in the state, has reported all UI claims data and submitted the data on time.”
Ah, but it was California. And the guy who underreported his state's miserable employment data in a crude attempt to bolster Obama's electoral chances is a Governor Moonbeam appointee named "Marty Morgenstern."

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home