Hey, Let's Just Quote Wall Street Economists...
... and not examine what's happening to real people.
Plus, more people working crappy jobs for crappy pay with few if any benefits -- BTW, the increase in average hourly rate is only barely keeping pace with inflation -- should not be lauded.
Jerks.
June marked the ninth time in the last 12 months that employer payrolls came in weaker than forecasts. The 146,000 jobs added last month is barely enough to keep up with growth in the labor force, according to most economists, and it trailed the average increase of about 172,000 jobs a month added over the last 12 months.How, pray tell, can the unemployment rate drop if the number of jobs created doesn't even keep up with the growth in the labor market? Oh, I remember: It's because the "unemployment rate" doesn't tally people who have given up looking for work, but they never seem to mention that in these terribly written news stories. [SHEIN BROKEN RECORD ALERT!] The stats we use -- and that the media slavishly report -- are just meaningless to working people. They are only good for hiding what's really going on.
Plus, more people working crappy jobs for crappy pay with few if any benefits -- BTW, the increase in average hourly rate is only barely keeping pace with inflation -- should not be lauded.
Jerks.
posted by Bill at 3:58 PM
1 Comments:
The same well-oiled and efficient government that brings you billions in Medicare fraud in NY alone, million dollar outhouses in public parks and $ 600 toilet seats for B-52's also brings you a plethora of timely and useful government statistics. Believe them at your peril.
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