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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: gregor_us who wrote (1255)3/5/2004 9:39:11 AM
From: mishedlo  Read Replies (1) of 116555
 
Here is how they rig the unemployment numbers
post from Pituophis on the fool
=================================================
The labor force participation rate fell to 65.9 percent
in February, reflecting a steep drop-off in the number of
men in the labor force.

I've harped on this before, but whatever pro-forma voodoo they are using to massage this number lower and lower and lower is at the heart of how they manage to keep the unemployment rate steady to falling while the actually number of people not working goes up by hundreds of thousands...you have to go back to July, 1987 to find a time when fewer people have been interested in working...

===================
Civilian Participation Rate
research.stlouisfed.org
1988-01-01 65.8
1988-02-01 65.9
1988-03-01 65.7
1988-04-01 65.8
1988-05-01 65.7
1988-06-01 65.8
1988-07-01 65.9
1988-08-01 66.1
1988-09-01 65.9
1988-10-01 66.0
1988-11-01 66.2
1988-12-01 66.1
1989-01-01 66.5
1989-02-01 66.3
1989-03-01 66.3
1989-04-01 66.4
1989-05-01 66.3
1989-06-01 66.5
1989-07-01 66.5
1989-08-01 66.5
1989-09-01 66.4
1989-10-01 66.5
1989-11-01 66.6
1989-12-01 66.5
1990-01-01 66.8
1990-02-01 66.7
1990-03-01 66.7
1990-04-01 66.6
1990-05-01 66.6
1990-06-01 66.4
1990-07-01 66.5
1990-08-01 66.5
1990-09-01 66.4
1990-10-01 66.4
1990-11-01 66.4
1990-12-01 66.4
1991-01-01 66.2
1991-02-01 66.2
1991-03-01 66.3
1991-04-01 66.4
1991-05-01 66.2
1991-06-01 66.2
1991-07-01 66.1
1991-08-01 66.0
1991-09-01 66.2
1991-10-01 66.1
1991-11-01 66.1
1991-12-01 66.0
1992-01-01 66.3
1992-02-01 66.2
1992-03-01 66.4
1992-04-01 66.5
1992-05-01 66.6
1992-06-01 66.7
1992-07-01 66.7
1992-08-01 66.6
1992-09-01 66.5
1992-10-01 66.2
1992-11-01 66.3
1992-12-01 66.3
1993-01-01 66.2
1993-02-01 66.2
1993-03-01 66.2
1993-04-01 66.1
1993-05-01 66.4
1993-06-01 66.5
1993-07-01 66.4
1993-08-01 66.4
1993-09-01 66.2
1993-10-01 66.3
1993-11-01 66.3
1993-12-01 66.4
1994-01-01 66.6
1994-02-01 66.6
1994-03-01 66.5
1994-04-01 66.5
1994-05-01 66.6
1994-06-01 66.4
1994-07-01 66.4
1994-08-01 66.6
1994-09-01 66.6
1994-10-01 66.7
1994-11-01 66.7
1994-12-01 66.7
1995-01-01 66.8
1995-02-01 66.8
1995-03-01 66.7
1995-04-01 66.9
1995-05-01 66.5
1995-06-01 66.5
1995-07-01 66.6
1995-08-01 66.6
1995-09-01 66.6
1995-10-01 66.6
1995-11-01 66.5
1995-12-01 66.4
1996-01-01 66.4
1996-02-01 66.6
1996-03-01 66.6
1996-04-01 66.7
1996-05-01 66.7
1996-06-01 66.7
1996-07-01 66.9
1996-08-01 66.7
1996-09-01 66.9
1996-10-01 67.0
1996-11-01 67.0
1996-12-01 67.0
1997-01-01 67.0
1997-02-01 66.9
1997-03-01 67.1
1997-04-01 67.1
1997-05-01 67.1
1997-06-01 67.1
1997-07-01 67.2
1997-08-01 67.2
1997-09-01 67.1
1997-10-01 67.1
1997-11-01 67.2
1997-12-01 67.2
1998-01-01 67.1
1998-02-01 67.1
1998-03-01 67.1
1998-04-01 67.0
1998-05-01 67.0
1998-06-01 67.0
1998-07-01 67.0
1998-08-01 67.0
1998-09-01 67.2
1998-10-01 67.2
1998-11-01 67.1
1998-12-01 67.2
1999-01-01 67.2
1999-02-01 67.2
1999-03-01 67.0
1999-04-01 67.1
1999-05-01 67.1
1999-06-01 67.1
1999-07-01 67.1
1999-08-01 67.0
1999-09-01 67.0
1999-10-01 67.0
1999-11-01 67.1
1999-12-01 67.1
2000-01-01 67.3
2000-02-01 67.3
2000-03-01 67.2
2000-04-01 67.3
2000-05-01 67.1
2000-06-01 67.1
2000-07-01 66.9
2000-08-01 67.0
2000-09-01 66.9
2000-10-01 66.9
2000-11-01 66.9
2000-12-01 67.0
2001-01-01 67.2
2001-02-01 67.1
2001-03-01 67.1
2001-04-01 66.9
2001-05-01 66.7
2001-06-01 66.7
2001-07-01 66.8
2001-08-01 66.6
2001-09-01 66.8
2001-10-01 66.8
2001-11-01 66.7
2001-12-01 66.7
2002-01-01 66.4
2002-02-01 66.7
2002-03-01 66.6
2002-04-01 66.7
2002-05-01 66.7
2002-06-01 66.6
2002-07-01 66.6
2002-08-01 66.6
2002-09-01 66.8
2002-10-01 66.6
2002-11-01 66.4
2002-12-01 66.4
2003-01-01 66.3
2003-02-01 66.3
2003-03-01 66.2
2003-04-01 66.4
2003-05-01 66.3
2003-06-01 66.5
2003-07-01 66.3
2003-08-01 66.2
2003-09-01 66.1
2003-10-01 66.2
2003-11-01 66.2
2003-12-01 66.0
2004-01-01 66.1
2004-02-01 65.9
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