We certainly are in the midst of an economic recovery. These figures prove it.
Read more @ Prison Planet.com » More Phantom Jobs Created ? All In The Wrong Places
Last April I saw a report that 83% of Mays college graduates did not have a job. I remarked that in my day most of us had 2 or 3 job or graduate school offers before we graduated. The latest payroll jobs report issued on June 6 proves that the April report was true.
My opinion, schooled in part by John Williams very precise reports on Shadowstats.com, is that on average about half of the new jobs each month are phantom jobs created by the birth-death model and inappropriate seasonal adjustments. So, I figured that the 217,000 jobs claimed for May are more like 108,000. Then I read John Williams report on the May jobs number: Monthly payroll gains overstated by 200,000 plus jobs
Read more @ Prison Planet.com » More Phantom Jobs Created ? All In The Wrong Places