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IPFS News Link • Economy - Economics USA

BLS Seasonal Adjustments Haywire; 11% Unemployment Coming by May?

The BLS added a whopping 1.92 million jobs to their survey results in January. That is the spike shown in the second chart above. The number is so preposterous one might wonder if it was purposely preposterous.

2 Comments in Response to

Comment by Ed Price (10621)
Entered on:

Actually, there is no unemployment. It is simply employment change.

First you are employed at a nice steady job that pays the bills, keeps food on the table, and allows for free time and entertainment.

Then you are employed at keeping yourself from starving to death... by whatever means are available. Not unemployment. Rather, job change.

Comment by Lola Flores (20562)
Entered on:

 Only 11%?  Could things be getting better in spite our fearless leaders stupidity?