Friday, June 3, 2011

This Is How the Government Rigs the Unemployment Number

I knew today's unemployment number was going to be craptastic...but I thought it would be even worse than it was...a paltry 55k jobs. All of them service jobs. (Think McDonalds)

I turned to ZeroHedge. Sure enough, the Bureau of Labor Statistics fudged the number so badly- using the birth death model- that they spun the report positive. Truth is... the number was far worse than the reported one. Our statistical information has no integrity whatsoever. It has become nothing but propaganda.

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