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Friday's Jobs Report: More Lies From “our” Big Brother | ATTSucks.me

Anthony Freda ArtPaul Craig Roberts, Contributor
Activist Post

In his report on the Bureau of Labor Statistics’ latest jobs and unemployment report, statistician John Williams (shadowstats.com) writes: “The July employment and unemployment numbers published today, August 3rd, were worthless and likely misleading . . . Suspecting at one time that the jobs numbers were being rigged against him by his own Bureau of Labor Statistics (BLS), President Richard M. Nixon proposed a new approach to reporting the numbers. Although the proposed changes never were implemented, several decades later the BLS adopted reporting methods that were somewhat parallel to the late president’s thinking.”

I will spare the readers an explanation of Williams’ account of the manipulation that is occurring as it is arcane.

Instead, Let’s just apply common sense. According to the BLS, there were 163,000 new nonfarm payroll jobs created in July. This figure is about

... read more at: http://attsucks.me/2012/08/04/fridays-jobs-report-more-lies-from-our-big-brother/