Once per year the Bureau of Lies and Scams “revises” their previous lies with more accurate lies. In a shocking development, without any fanfare or Obama bloviating to the press, they just admitted that 255,000 private market jobs they said were created didn’t actually happen. You know if they are admitting 255,000, then it is really over 1 million. And as an added benefit, they underestimated the number of government drone jobs added by 47,000. The lies will continue until morale improves or the Wall Street shysters have taken all the loot.
Well, who could have ever seen this coming?
BLS should commission a study to discern the wage gap between fake jobs and real jobs…that’d be useful for those jobs seekers trying to decide between the less demanding fake job an the potential rigor involved with the real one.
Between the real increase in the cost of health insurance which is INCLUDED in the BLS and their stated “hourly wages,” and the REAL increase in (paid for life) federal/government employees, no wonder the reality of the families I know, and the released reports about median income, GDP and the like seem so far away from each other.
Funny shit these adjustments are. Retail sales are down (on real inflation basis), manufacturing jobs down, energy jobs WAY down, yet somehow the magical “Transportation” saw a massive increase.
Anyone mind filling me in on how a company selling less, making less and pulling less from the ground somehow equates to MORE shipping?
Anyone?
Yep, the lies will continue until either moral improves, or Washington is swept away by a Tsunami. Barring either one of those outliers, the lies just ain’t going to stop.
USA! USA! USA!
just a matter of time before robots are included in bls numbers
off topic, but here’s one just for you, Admin:
http://www.tulsaworld.com/business/energy/samson-resources-files-bankruptcy-as-shale-bet-sours/article_660adca0-505a-5919-9e16-5ca21fef402e.html
As the election nears, the pseudo-economy will boom.
You can’t believe anything the government says, BLS or the 9/11 report. Take a look at this:
P.S. I sent this to Jimbo earlier, so far……………..crickets.