Tuesday, April 12, 2011
Imaginary job numbers could lead to real trouble - NYPOST.com
Imaginary job numbers could lead to real trouble - NYPOST.com
I touched on this issue of assumed jobs in my post on The Spinning of Employment and Unemployment Numbers.
John Cudele at the New Your Post expand upon this issue in his latest article.
I touched on this issue of assumed jobs in my post on The Spinning of Employment and Unemployment Numbers.
John Cudele at the New Your Post expand upon this issue in his latest article.
...Early this month Labor reported that 216,000 new jobs were created in March. It was better than Wall Street expected.
But the figure included 117,000 jobs that the department thinks, but can't prove, were created by newly formed companies that might not even exist. In fact, the department is getting so optimistic about the labor market that it increased this imaginary job count from just 81,000 in March, 2010...
Read More at The New York Post
Subscribe to:
Posts (Atom)