MORE BLS BULLSHIT…”Expect more “positive” economic reports as the establishment will lie, cheat, and fake the data to get Crooked Hillary elected.”
James Quinn
TheBurningPlatform.com
July 8, 2016
Here we go again. The MSM is screaming about the FANTASTIC job growth in June. They fail to mention the May numbers were reduced to 11,000 jobs. It’s likely the Verizon strike has screwed up their little seasonally adjusted data models they use to fake the monthly numbers.
How come the MSM isn’t reporting the Household Survey numbers? It seems they are in major disagreement with the Establishment Survey. The fake unemployment rate actually jumped from 4.7% to 4.9%. Let’s look at some facts from the Household Survey that are getting buried by the feckless mainstream media:
Only 67,000 more Americans were employed versus May. Slightly less than the 287,000 being reported by the MSM.
The number of unemployed SOARED by 347,000, as people previously classified as not in the labor force suddenly decided to join the labor force. I wonder why? I wonder when the other 94.5 million people not in the labor force will decide to join the labor force?
Our booming economy has created a grand total of 23,000 new jobs since January. WINNING!!!
There are currently 223,000 less people employed than there were in March. That’s certainly an inconvenient factoid.
The employment to population ratio has fallen for four straight months and at 59.6% is near three decade lows.
In the first six months of 2016, the good old birth death excel spreadsheet adjustment has added 509,000 phantom jobs from all the companies opening for business. There are more companies closing than opening, so this number is completely false and is likely NEGATIVE 500k or more.
If 287,000 jobs were added, indicating strong demand, why did wages rise a pitiful 0.1% and the workweek hours remained flat? Because the 287,000 is a made up lie by the BLS. Wages have risen by 2.6% in the last year, below the true rate of inflation. Shit jobs pay shit wages.
There is exactly four months left until the presidential election. Expect more “positive” economic reports as the establishment will lie, cheat, and fake the data to get Crooked Hillary elected. Anyone with two functioning brain cells can see with their own eyes we are in the midst of an ongoing recession. But there are tens of millions of zombies who are distracted by their iGadgets, twitter, instagram, facebook, and the various adventures of Hollywood stars and professional athletes to notice what the ruling class is doing.
So it goes.
