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  • Employment Numbers Decline: Economic Green Shoots Are in Question [View article]
    I remember a month or two ago the green shoots myth really got jacked up when there was a much greater than expected jobs number - even though it turned out to be from a large number of TEMPORARY census workers that caused it. Hurrah. Hurrah.

    This morning's report attributed part of the job loss to the termination of many of those census jobs. So much for green shoots.

    Add in the fact that there were 185,000 more net "NEW" jobs this month (and a 5 month number of 879,000 net "NEW" jobs) due to the laughable affects of the birth/death model, and one has to wonder what some people are smoking when they ignore these obvious props to keep the unemployment numbers from really stinking up the joint.
    Jul 02 11:38 am |Rating: +2 0 |Link to Comment
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