Wednesday, June 09, 2004

Ministry of Fudge: Fake Job Numbers from the Bush Administration Paint a Rosy Picture

"As staggering as the assumption about new companies was in March, the Labor Department got even more brazen in April. Last Friday, it was disclosed that these imaginary jobs had been increased by 117,000 to 270,000 for the latest month - because, I guess, the stat jockeys got a vision from the gods of spring.
Without those extra 117,000 make-believe jobs, the total growth for April would have been just 171,000 - sub-par for an economy that's supposed to be growing at more than 4 percent a year, but right on the pros' targets. Take away all 270,000 make-believe jobs and, well, you have the sort of pessimism that the political pollsters are seeing."

0 Comments:

Post a Comment

<< Home