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Another fabricated jobs report

Posted on | December 8, 2014 | 3 Comments

Another Fabricated Jobs Report

Paul Craig Roberts | Friday’s payroll jobs report is another government fairy tale.
17 Comments

ANOTHER FABRICATED JOBS REPORT

Friday’s payroll jobs report is another government fairy tale

here are a few excerpts:

John Williams, an expert on government statistical data, points out, ignored of course by the presstitute media, that full-time employment in America today is 2,400,000 less than employment in 2007.

What this means is that the US is short 2.4 million jobs from 7 years ago. So how is there an ongoing recovery? In the meantime the population has grown.

John Williams points out that most of the 321,000 new jobs were created by manipulating seasonal adjustments and by the birth-death model that arbitrarily adds jobs that the BLS model assumes were created that month. The BLS never provides any proof of those phantom jobs.

John Williams also points out that many of the payroll jobs are part-time jobs and one person often has several jobs. As no one can live on one part time job, many households and individuals are sustained by multiple part-time jobs. The jobs are not a measure of the number of employed, because many persons hold several jobs in order to make ends meet.

Category: Uncategorized

Comments

3 Responses to “Another fabricated jobs report”

  1. John
    December 8th, 2014 @ 7:52 am

    Well here is another job opening at the White House,from Paul Berdard at the Washington Examiner.com
    Obama’s top chef leaves, most influential

    https://www.washingtonexaminer.com/obamas-top-chef-leaves-most-influential-ever/article/2557085

    I guess Obama will be eating out more often, KFC Dinner bucket is going around for $20 bucks now.

  2. Veritas
    December 8th, 2014 @ 8:09 am

    Like Radio Berlin saying that there was only minor damage in Dresden and the Soviets would never enter German territory.

  3. Harry8
    December 8th, 2014 @ 8:11 am

    They crucified Bush for doing this and now they allow the biggest FRAUD in history to get away with this garbage??? I did not vote for Bush but he is better than Obama on his worst day-

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