10/5 Non-Farm Payrolls Projection: +219,000 Unemployment Rate of 7.8%

  by John Galt October 5, 2012 05:00 ET   The headline says it all.   I have come up with this calculation because the BLS under the direction of the Obama re-election team, will deliberately overstate the number of temporary holiday related positions created in retail, transportation, wholesale, and automotive by moving forward the normal number of hires for Christmas by one full month. By averaging those individuals who will have part time and full time work from October through December and lowering the projected number of people looking for…

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