And…they're gone - Labor Department Revises Away 150,000 Jobs

[Lucille]

And…they're gone - Labor Department Revises Away 150,000 Jobs

http://www.theburningplatform.com/2016/09/08/and-theyre-gone/

I’ve pretty much harped on the fake birth death adjustment phantom jobs the government adds every month to their reported jobs numbers for years. They are made up jobs. THE DO NOT EXIST. They are numbers on a fucking excel spreadsheet created by a government drone. After the markets close on a sleepy Thursday afternoon, the government scumbags say “Did I Do That????”

And poof!!! 150,000 fake jobs are deleted from the numbers reported over the last 12 months. The same numbers that moved markets on those particular days. If the true numbers had been reported, the stock market would have gone down. We can’t have that, because the stock market is the economy for Wall Street and the slimy MSM. So it goes.

DO NOT BELIEVE ANY NUMBER SUPPLIED BY THE GOVERNMENT OR THE FED.

Or Zippy (BIRM).

With the swipe of The Labor Department's pen, 150,000 newly created jobs were 'revised' out of existence yesterday.
[...]
As The New York Times reports, the U.S. economy likely created 150,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department said on Wednesday.

The reading, which is a preliminary estimate of the department's annual "benchmark" revision to closely watched payrolls data, showed the retail, wholesale trade, education and professional and business services sectors accounted for the bulk of the downward revision.

Once a year, the government compares its nonfarm payrolls data, based on monthly surveys of a sample of employers, with a much more complete database of unemployment insurance tax records.

A final benchmark revision will be released in February along with the department's report on employment for January. Government statisticians will use the final benchmark count to revise payrolls data for months both prior to and after March.

This revision - which shifts payrolls data lower in 9 of the last 14 months, is enough to knock 12k jobs off each month on average - likely kicking many of these prints to a 'miss'... not that it matters anyway...
[...]
We didn't hear too many mainstream media reporters discussing this major loss of jobs over the last 12 months?

Related, Obama finally admits that the US economy sucks.

http://www.theburningplatform.com/2...-economically-stressed-americans-turn-racist/

“That especially becomes a problem when the economy is not doing well, and so people feel stressed. Typically, when people feel stressed, they turn on others who don’t look like them.

“When suddenly things are harder, people start saying, ‘Ah, you know what, this is the fault of the Chinese,’ or ‘This is the fault of Jews,’ or ‘This is the fault of the Houthi,’ or whatever.”

 

[oyarde]

Well , they get to make 'em up so I reckon they can take 'em away.

 

[Danke]

 

[Zippyjuan]

Noting that the adjustment does not say that the economy lost 150,000 over the twelve month period from March 2014 to March 2015. During that time, the economy was creating over 200,000 a month or about 2.5 million jobs. That number was adjusted down by 150,000.

The number of employed persons rose from 145.796 million to 148.331 million or 2.535 million more people working. http://www.bls.gov/news.release/archives/empsit_04032015.pdf

Adjusting by 150,000 leaves 2.385 million more people with jobs.

The economy has not collapsed. Sorry to disappoint you.

 

[FSP-Rebel]

I wonder what percentage of these jobs pay $24k+ and are full timers? The rest don't count/matter in my eyes.

 

[oyarde]

I wonder what percentage of these jobs pay $24k+ and are full timers? The rest don't count/matter in my eyes.

True , if they are service/retail jobs most of that would not support a person paying rent and utilities in many areas .....

 

[goldenequity]

I must be sick.
I never get tired of that clip.

 

[Lucille]

The economy has not collapsed. Sorry to disappoint you.

Yeah, goon, that's what I want. For the economy to collapse.

 

[angelatc]

Noting that the adjustment does not say that the economy lost 150,000 over the twelve month period from March 2014 to March 2015. During that time, the economy was creating over 200,000 a month or about 2.5 million jobs. That number was adjusted down by 150,000.

The number of employed persons rose from 145.796 million to 148.331 million or 2.535 million more people working. http://www.bls.gov/news.release/archives/empsit_04032015.pdf

Adjusting by 150,000 leaves 2.385 million more people with jobs.

The economy has not collapsed. Sorry to disappoint you.

What about her post made you think that we didn't understand the numbers? And what makes you think she wants the economy to collapse?

 

[euphemia]

Wow, next day and in before Zippy's chart.

 

[DamianTV]

Yeah, goon, that's what I want. For the economy to collapse.

Unfortunately, I think for things to actually get better, they have to get worse first. Our fiat currency is on the verge of collapse, and countries are doing everything in their power to dump the dollar as their reserve currency. We need to be rid of fiat dollars, but what worries me is if it will simply be replaced with another fiat currency, or if we are fortunate, a form of money that does not bleed out its value over time...

Out of rep for Lucille, can someone cover me?

 

[Spikender]

You know I just made a comment in another topic about those Hillary-shill accusations against CPUd, but you all can rest comfortable knowing that I still agree that Zippy is a paid shill.

Or if he's unpaid, that's just sad.