Jack Welch Is Wrong! ‘It’s Outrageous’ to Say the Jobs Number is Manipulated: EPI’s Mishel – Yahoo! Finance 10-05-12

Salient to Investors:

Lawrence Mishel at the Economic Policy Institute says:

  • The jobs report shows nice momentum, though increase in payrolls is not fast enough to get a rapid decline in unemployment.
  • The jobs data is not manipulated – the data is based on surveys of tens of thousands of employers and households every month.
  • The ratio of employment to population rate rose to 58.7% in September after falling for several months – because more people are finding work and not because the labor force is contracting.

Read the full article at http://finance.yahoo.com/blogs/daily-ticker/positive-jobs-report-gets-political-reaction-ahead-election-155215454.html;_ylt=AjbQoCaH6YEds6vbJhUe97qiuYdG;_ylu=X3oDMTNyMHNqcmhpBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDODY4MWQxNTctM2I5ZC0zMTZiLWFmYjUtOTg3YjVkM2Qw