“Another Phony Jobs Number”

Concerned American Dad

If the clowns paraded out on CNBC keep calling October’s Job Report a “strong one” will that make it so? Thanks to Dr. Paul Craig Roberts we’ll save some precious time and let him rip it to shreds……and then David Stockman & Peter Schiff…..

byPaul Craig Roberts,

The Bureau of Labor Statistics announced Friday that the US economy created 271,000 jobs in October, a number substantially in excess of the expected 175,000 to 190,000 jobs. The unexpected job gain has dropped the unemployment rate to 5 percent. These two numbers will be the focus of the financial media presstitutes.

What is wrong with these numbers? Just about everything.

First of all, 145,000 of the jobs, or 54%, are jobs arbitrarily added to the number by the birth-death model. The birth-death model provides an estimate of the net amount of unreported jobs lost to business closings and the unreported jobs…

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6 thoughts on ““Another Phony Jobs Number”

  1. There is a poem in Anatolia. It said that in one part of it:
    “When we died one, we would born as thousand”

    I think the capitalists are wrong in one important subject. They are not able to count us. We are uncountable, aren’t we my Earthling friend;)

    Liked by 1 person

  2. Yes, we are! And our collective power is unfathomable, and this is why the elite fear us so. But too few of us are aware of this universal, grand truth.

    Liked by 1 person

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