They are running only one side of the ledger.
The “jobs added” is a meaningless figure, if the number of people LAID OFF is not correlated in some way to that number.
What was the NET CHANGE in the number of people working as of a given date? If it is LESS on a day-to-day basis (or week-to-week, or month-to-month, or year-to-year), then no jobs are being CREATED.
Calling BS is entirely justified.
No matter how much the Current Regime in the White Hut wants to pretty things up, we continue on a death spiral.
Unit labor costs in nonfarm businesses fell 4.3 percent in the first quarter of 2013, the combined effect of a 3.8 percent decrease in hourly compensation and the 0.5 percent increase in productivity. The decline in hourly compensation is the largest in the series, which begins in 1947.
There's no good way to spin this one -- productivity was up 0.5% during the first quarter, but the cost decrease is bad news as it is nearly all decrease in hourly wages.