@TBPInvictus here.

In yet another stunning display of journalistic malpractice, Terry Jeffrey put out the following piece after last Friday’s NFP release:

 

Screen Shot 2013-12-07 at 10.27.03 AM

 

Because it suited his (political) purpose, Jeffrey jumped on the Household Survey; looking at the Establishment Survey would not have provided such a dramatic headline. Indeed, it would have provided, for him, no usable headline at all.

What Jeffrey seized on – a 338K gain over the month in government employees (41% of the 818K!!!) – fails to take into account that the previous month, when the Household Survey flagged a decline of 735K, 507K of those (a whopping 69%!!!) were government employees (interestingly, he did not report on that). That was, you know, when we had that government shutdown thing going on. These numbers are shown in the table immediately below. So the gain in November was essentially a reversal of the loss in October due to the government shutdown. This is exactly the same type of bullshit we see periodically with Reagan’s Million Jobs in One Month Miracle. One quick look under the hood and it all falls to pieces.

Screen Shot 2013-12-07 at 11.48.53 AM

I hope to God that Terry Jeffrey never identifies himself as a journalist. I’d hope, rather, that he refers to himself as a charlatan or a montebank, devoid of any integrity whatsoever.

See previously: Makers and Takers

 

 

Category: Bad Math, Data Analysis, Economy, Employment, Financial Press, Really, really bad calls

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

23 Responses to “Terry Jeffrey, Hack Extraordinaire (Fun with Numbers Again)”

  1. WTF is CNSNews.com ?

    • Frilton Miedman says:

      Owned by the “fair and unbiased” Media Research Center,

      From their “about us” page – “Study after study by the Media Research Center, the parent organization of CNSNews.com, clearly demonstrate a liberal bias in many news outlets … ”

      Apparently it’s “liberal bias” to mention those gov jobs were nothing but shut-down rehires.

      • louiswi says:

        WTF is CNSNews?

        Why, its common knowledge it’s short for Cockbiters Noted for Shoddiness in News!! They seem to be pretty much true to their mission statement.

    • jeff in indy says:

      Exactly. Why this ever got ink, er, uh, keystrokes here is beyond me.

  2. Ralph says:

    What an incredible asshole.

  3. LeftCoastIndependent says:

    Lies, lies, lies. It’s the only way to run a government, regardless who is in power. But if these numbers get us to 7% unemployment faster, I’m all for it. C’mon taper. Better sooner than later. The only way out of this mess is with a free market. There will be “pain”, but living in fantasy land only makes it worse in the long run.

  4. RW says:

    Barring evidence of serial perfidy Hanlon’s Razor suggests that stupidity is a more likely explanation for this particular hack.

  5. VennData says:

    This is TYPICAL of you liberals!

    When the conservatives get around to showing you some numbers you jump all over us like we’re a burning bag of dog poop thrust upon your front porch by publicly-educated, ring-and-running juvenile delinquents! (…and if i EVER catch those little hippie turd-concealers, I… swear… to… GOD!!!)

    You have no idea how horrible we feel living under the reign of your Obama-backed terror groups in the: IRS, DLC, TSA, Fed, and elite colleges and universities across this once-great land. As the great Rick Santorum recently said, living under Obama is like living under apartheid:

    http://talkingpointsmemo.com/livewire/rick-santorum-nelson-mandela-obamacare-apartheid

    Why I can’t even go to the grocery store without one of your smarty-pants demographically-selfishly segmented, Facebooking know-nothing Obama-voting punks asking me whether I want paper or plastic. Excuse me? You want us to stop cutting down trees AND stop pumping oil to make plastic bags?!?!? Well? Which is it, tatoo-lady?!

    I’m ignoring this post, and all of your other posts Invictus (if that is your real name. What kind of name is that anyway? Latin?). Because you fail to grasp the importance of fighting Obama with everything we’ve got. Even if the numbers don’t exactly line up. That’s how important this war is. Besides, you started it! You started the war on Thanksgiving not us!!!

    http://radio.foxnews.com/toddstarnes/top-stories/obama-leaves-god-out-of-thanksgiving-address.html

  6. Contractor4Ever says:

    “I’d hope, rather, that he refers to himself as a charlatan or a montebank, devoid of any integrity whatsoever.” – LOL, Pot calling Kettle.

  7. Hey You says:

    Before we allow knickers to get in a twist; Let’s try this little ge: “If you like your health plan, you can keep it”.
    http://www.usatoday.com/story/news/politics/2013/11/11/fact-check-keeping-your-health-plan/3500187/

    Let’s show some holiday spirit and wait to see if the CNS guy explains the misquote? or ???

    • Frilton Miedman says:

      The fact that he was referring to existing health plans at the time, and insurers continued selling junk plans they knew would be illegal around the ACA notwithstanding…..

  8. RW says:

    Gotta say Invictus, your posts do seem to draw out the fact-challenged trolls and false equivalency derps.

    Fun.

  9. 873450 says:

    Obama shutting down government to rig a phony job spike is only more evidence exposing the much larger, ongoing criminal conspiracy masterminded by a White House desperate to hide the truth and distract public attention away from Benghazi. Everyone knows it. Impeach Hillary Now!

  10. StatArb says:


    Good to see political bias is alive and well …. on both sides

    Invictus: The bias in my correction of Mr. Jeffrey being where, exactly?

  11. DeDude says:

    This is classic Foxifying of information to fit a specific narrative. Selectively leaving out specific content and facts so that the sheeple can draw the wrong conclusion. Now if someone want to claim it happens on both sides (e.g., “bu-huh Invictus does the same”), they need to point out specific cases where information was left out with the result of allowing a completely false conclusion.

  12. Molesworth says:

    If you take tote bags with you (keep piles of them in the boot of my Car) that tatooed lady will no longer ask you about either paper or plastic. Try it. You’ll feel so much better.
    Also remember, by 1960 & 1970 standards, Obama is a moderate Republican.

  13. victor says:

    Per US Bureau of Labor Statistics,2013 National Current Employment Statistics (CES) (http://www.bls.gov/web/empsit/ceseesummary.htm) Gov. employment shows a loss of 14,000 for Oct. vs. Sep. and a very modest gain of 7,000 for Nov. vs. Oct. BTW same stat’s show for total employment (private and Gov) gains of 200K and 203K respectively. This further debunks Jeffrey’s contention. If he really wanted to discuss the negative, he could’ve easily addressed the declining labor participation numbers with an honest breakdown showing % of retirees (baby boomers leaving on their own volition to enjoy “la dolce vita”, “il dolce far niente”) and the (unfortunate) discouraged folks that our society has a duty to return to gainful employment. Anybody on this illustrious blog has the breakdown on those who quit looking for work and why?

    • Frilton Miedman says:

      I fully agree, despite voting McCain in ’08. I’ve slid further and further to the left in recent years as the foundation for a majority of arguments on the right has crumbled. (“death panels”, “government takeover”, “trickle down”, “job creating tax cuts”, “deregulating wall st is good for the economy”…etc)

      While the first amendment protects freedom of opinion, it doesn’t assure the honesty of that opinion.

      You then have to question the intent of an ideology so replete with disinformation.