The employment numbers we get are sketchy at best when they are done “right.” For example the official rate of unemployment doesn’t count those who have given up looking for work, such as the millions in their late 50s and early 60s who have been forced to “retire” since 2008. It’s a very gamed number.
But now, according to the New York Post it looks like some at the Census Bureau committed outright fraud in order to lower the official rate right before the 2012 presidential election.
(From The New York Post)
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.
The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.
And the Census Bureau, which does the unemployment survey, knew it.