NC May unemployment rate worse than reported by North Carolina newspapers, June 21, 2013 articles, Drop in labor force not stated, 1 percent labor force drop in 4 months

NC May unemployment rate worse than reported by North Carolina newspapers, June 21, 2013 articles, Drop in labor force not stated, 1 percent labor force drop in 4 months

 
“If I had my choice I would kill every reporter in the world but I am sure we would be getting reports from hell before breakfast.”… William Tecumseh Sherman

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”…. Louis D. Brandeis

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

To fix a problem you must:

Be aware of the problem.

Understand the problem.

That is why the underreporting and misrepresentation of the unemployment rate in the US and NC must be exposed.

The NC Labor Force Participation Rate dropped 1 percent from January to May 2013.

From Citizen Wells June 23, 2013.

“The Greensboro News Record on Friday June 21, 2013 regurgitated an AP report about the May unemployment rate in NC. The report was misleading and dishonest.

“NC jobless rate falls to 8.8 percent in May”

“North Carolina’s unemployment rate dropped to 8.8 percent in May from April’s revised rate of 8.9 percent, marking the fourth straight month of slow improvement in the measure of economic health for workers, the state Commerce Department said Friday.”

“Now I’m not a rocket scientist, but I can read.

So I went to the NC labor data website and found that the labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.

Can’t the folks at the News Record or the AP read?”

http://citizenwells.wordpress.com/2013/06/23/nc-jobless-rate-falls-to-8-8-percent-in-may-greensboro-news-record-ap-labor-force-participation-rate-dropped-1-percent-dishonest-media-reports-dishonest-bernanke-report/

From Citizen Wells May 19, 2013.

“The Associated Press has always been a problem. A member “news” organization creates a report and it is regurgitated across the nation & world, in most cases without fact checking.

We have another example recently from the Greensboro News Record.

Is this because the Rhino Times just shut down?

Or because John Coleman, an economics professor at the Duke University Fuqua School of Business was quoted?

From the Greensboro News Record May 17, 2013.

“North Carolina unemployment rate drops 8.9 percent”

“North Carolina’s unemployment rate fell to 8.9 percent in April _ the lowest in the state in four years.

The state’s unemployment rate was 9.2 percent in March.

“This is very encouraging for North Carolina,” said John Coleman, economics professor at Duke University’s Fuqua School of Business.”

http://citizenwells.wordpress.com/2013/05/19/nc-unemployment-rate-8-9-percent-greensboro-news-record-ap-article-quotes-duke-university-economics-professor-labor-force-participation-rate-dropped-3-percent-good-news/

I decided to check the reporting of the NC unemployment rate for May in other NC newspapers.

The Raleigh News Observer had the most accurate report.

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”

Read more:
http://www.newsobserver.com/2013/06/21/2979886/nc-jobless-rate-falls-slightly.html
Most of the other newspapers that I checked regurgitated the same AP article.
The 1 percent drop in the Labor Force Participation Rate in NC essentially means that the unemployment rate is 9.8 and not 8.8 percent. That also is an increase of .3 from the January 2013 rate of 9.5 percent.





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