June 8, 2011
Labor Statistics Fake
[From article]
"In order to come up with growth of 54,000 new jobs the Labor Department had to assume the unlikely -- that 206,000 jobs were created by newly-formed companies it thinks but can't prove were "born" in May.
You can find that figure right on the Labor Department Web site at www.bls.gov/web/empsit/cesbd.htm. This is called Labor's Birth/Death Model, and it's the nearest thing to a fraud perpetrated by Washington."
http://www.nypost.com/p/news/business/the_scary_truth_behind_the_new_jobs_sxVG31pHrge11Ci6FmfiRL
The scary truth behind the new jobs numbers
John Crudele
New York Post
Last Updated: 12:58 AM, June 7, 2011
Posted: 11:51 PM, June 6, 2011
"In order to come up with growth of 54,000 new jobs the Labor Department had to assume the unlikely -- that 206,000 jobs were created by newly-formed companies it thinks but can't prove were "born" in May.
You can find that figure right on the Labor Department Web site at www.bls.gov/web/empsit/cesbd.htm. This is called Labor's Birth/Death Model, and it's the nearest thing to a fraud perpetrated by Washington."
http://www.nypost.com/p/news/business/the_scary_truth_behind_the_new_jobs_sxVG31pHrge11Ci6FmfiRL
The scary truth behind the new jobs numbers
John Crudele
New York Post
Last Updated: 12:58 AM, June 7, 2011
Posted: 11:51 PM, June 6, 2011
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