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New Jobs Magically Vanish


Government report creates jobs out of thin air, then makes them disappear.

The birth-death "adjustment" added 177,000 jobs to the latest report, which put the total adjustment for the year at 600,000 new jobs - or so the government claims.

Of course, they arrived at this number through a completely flawed methodology: At the end of the year, these numbers will quietly be backed out - just as they were last year. Even given these manufactured numbers, employment decline is consistent with recession.

The government only has statistics for jobs that are lost by small businesses; they get this information from employment insurance numbers, etc. They have no information about how many jobs are created. Thus, they make it up.

They just assume that for every job lost, there's one added - and then they add that back to the jobs number.

This logic is flawed, to say the least.

In a recession, does it make sense that jobs would be created at the same rate at which they're lost? Of course not. But that's how government bureaucrats think and act - just one reason we're in so much trouble.

It's not reality, but manipulation, pure and simple. If you recall, the government very quietly acknowledged that all those birth/death assumptions were false at the end of last year. No one seemed to notice this, of course.

But presto! Over a million jobs they claimed were created vanished into thin air.
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