Sunday, May 5, 2013

Job surge a mirage

I’ve been telling you for years that this country’s employment numbers are rigged during the months of April, May and June — so when the Labor Department announced yesterday that the US created 165,000 jobs last month and the unemployment rate dropped to 7.5 percent from 7.6 percent in March, I had to take a closer look.
Sure enough, the report showed that about 50,000 of those new jobs — or 193,000 on a pre-adjusted basis — were based on government assumptions, not fact.
And I believe those assumptions are very outdated and false — and they produce, this time of year, overly optimistic results.
Here’s why: the assumptions are made on the belief that the US economy is acting normally.

Read more: http://www.nypost.com/p/news/business/job_surge_mirage_z8PnyGUbztFrdLpifAi1MK

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