There's No BS Like The BLS!
by Investment Research Dynamics
It’s gets better: the notoriously ridiculous birth-death model modeled in a 257k net loss in jobs. How is it possible that economy generated any jobs growth if big companies are dumping workers (see IBM + big oil + oil shale + Radio Schack, etc) and the traditional engine of jobs growth – new business start-ups – were unloading jobs? I’ll tell you how: pure, unadulterated statistical lies.
I guess in order to make lemonade out of this cyanide-infused lemon the Government served up today, the best part about any Government economic report is watching grown men debate and agonize over the numbers, when the numbers are a complete fairy-tale. It’s like watching supposedly well-educated adults debating the merits of “Spongebob Squarepants” vs. “Sesame Street.”
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