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Another Phony Jobs Report
Another Phony Jobs Report
By Dr. Paul Craig Roberts
Paul Craig Roberts.org
August 6, 2016
Another Phony Jobs Report
As John Williams has made clear, the monthly payroll jobs number consists mainly of an add-on factor of 200,000 jobs. These jobs are a product of the assumption in the Birth-Death Model that new business ventures create more unreported new jobs than the unreported job losses from business failures. If…
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Are The Payroll Jobs Reports Merely Propaganda Statements? ~ Paul Craig Roberts
Are The Payroll Jobs Reports Merely Propaganda Statements? ~ Paul Craig Roberts
By Dr. Paul Craig Roberts
Paul Craig Roberts.org
February 8, 2016
Are The Payroll Jobs Reports Merely Propaganda Statements?
US economics statistics are so screwed up that they do not provide an accurate picture.
Consider the latest monthly payroll jobs report. According to the report, in January 151,000 new jobs were created. Where are these jobs? According to the report, 69% of the new…
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Another Phony Payroll Jobs Number
Another Phony Payroll Jobs Number
By Dr. Paul Craig Roberts
Paul Craig Roberts.org
November 9, 2015
Another Phony Payroll Jobs Number
The Bureau of Labor Statistics announced today [11/6/2015] that the US economy created 271,000 jobs in October, a number substantially in excess of the expected 175,000 to 190,000 jobs. The unexpected job gain has dropped the unemployment rate to 5 percent. These two numbers will be the focus…
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