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James Quinn is a senior director of strategic planning for a major university. James has held financial positions with a retailer, homebuilder and university in his 25-year career. Those positions included treasurer, controller, and head of strategic planning. He is married with three boys and... More
My blog:
TheBurningPlatform.com
  • JOBS NUMBER IS A FUCKING LIE 1 comment
    May 7, 2010 9:01 AM

    The government never tires of lying to the American public. The BLS Birth/Death model was supposed to start to become realistic according to the pundits. Evidently not. The headlines are screaming 290,000 NEW JOBS CREATED. Here is the truth:

    290,000 new jobs claimed

    -66,000   TEMPORARY CENSUS JOBS

    -188,000 FAKE JOBS CREATED BY THE BLS MODEL

    = 36,000 REAL JOBS (Probably all created in Washington DC)

     

    Will CNBC report this? NO FUCKING WAY.

    Are you as disgusted as I am by these lies?

    2010 Net Birth/Death Adjustment, not seasonally adjusted (in thousands)
    SupersectorJanFebMarAprMayJunJulAugSepOctNovDec
    Mining & Logging-2011        
    Construction-9711422        
    Manufacturing-3244-7        
    Trade, Transportation, & Utilities-735128        
    Information-146-11        
    Financial Activities-3623-5        
    Professional & Business Services-116291063        
    Education & Health Services-1616024        
    Leisure & Hospitality-24293473        
    Other Services-17548        
    Total Nonfarm Birth/Death Adjustment-4279781188        

     

    May 7, 2010, 8:30 a.m. EDT ·

    290,000 jobs created in April; jobless rate 9.9%
    By Jeffry Bartash

    WASHINGTON (MarketWatch) – The American economy added 290,000 jobs in April, which was much better than expected despite temporary hiring for the 2010 U.S. Census. Excluding Census workers, 224,000 nonfarm jobs were created, with the unemployment rate edging up to 9.9% from 9.7%, the Labor Department reported Friday. Economists surveyed by MarketWatch expected the economy to add 185,000 jobs, with the jobless rate holding steady at 9.7%. The data for February was also revised to show a 39,000 increase in nonfarm jobs, compared to an originally reported decline of 14,000. Job gains in March were also revised up to 230,000 from 162,000. Meanwhile, the average workweek in April rose 0.1 hour to 34.1 hours for all nonfarm workers. Average hourly earnings ticked up 1 cent to $22.47. 

     
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  • Danny Furman
    , contributor
    Comments (1002) | Send Message
     
    Jobs up, unemployment rate up. Must mean these jobs don't constitute employment. I thought I saw a lot of extras on the census commercials.

     

    It's a sick joke and this is the peak of the insanity... kinda feels like civil war.
    7 May 2010, 09:19 AM Reply Like
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