05/03/2016

Another Phony US Jobs Report - by Dr Paul Craig Roberts

And if true it is damning
  • The monthly payroll jobs reports have become a bad joke.
  • No growth in real retail sales, but 55,000 retail trade new jobs in February.
  • No growth in real consumer income, but 40,000 more waitresses and bartenders.
  • 86,000 new jobs in Education, health services, and social assistance. February is a strange month to be hiring new teachers. 
  • If February brought a quarter million new jobs, how come a big hike in social assistance jobs?
  • Manufacturing lost 16,000 jobs.

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