WestVirginiaRebel Posted May 5, 2013 Share Posted May 5, 2013 NY Post: 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 And I believe those assumptions are very outdated and false — and they produce, this time of year, overly optimistic results.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. But that just hasn’t been the case since the 2007-08 financial crises caused the Federal Reserve to drop interest rates down to unprecedented low levels. This time of year, the assumptions include the outdated belief that companies hire workers in the spring and during Christmas and lay them off by the millions after the holiday season. That just doesn’t happen on a wide scale anymore. ________ Ghost jobs. Link to comment Share on other sites More sharing options...
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