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. http://www.zerohedge.com/article/birthdeath-adjustment-206000

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