The Lie Must Go On: BLS "Catches" BLS At Misrepresenting 2013 Job Gains By Over 40%

Zero Hedge ^ | Submitted by Tyler Durden on 08/06/2013 10:50 -0400

[Perdogg]

Many were surprised when last month we exposed the divergent lies at the Bureau of Labor Statistics when comparing two otherwise convergent data sets: the monthly all-important Non-Farm Payroll report and the (one month-delayed) JOLTS survey. Specifically, what we showed is that the Net Turnover from JOLTS (Hires less Separations) is now 40% below the trendline of cumulative job additions implied by the Non-Farm Payroll report's Establishment survey which has become the holy grail for both the stock market and the Federal Reserve's tapering ambitions. Following the release of the June JOLTS update, we can report that the divergence within BLS data series continues, and that the average monthly US job gain for the first 6 months of 2013 is either 198K if one uses the non-farm payroll data, or 30% lower, 140K to be specific, if one uses the JOLTS net turnover number.

[Perdogg]

http://www.bls.gov/news.release/pdf/jolts.pdf

[PoloSec]

Yeah but only kooks believe it is all a conspiracy.

I’m a kook btw.

[Rockitz]

I used to shake my head at these kind of revelations, but I just expect them now.....on a near daily basis.

[Paladin2]

To an individual statistics make no difference.

You are either gainfully employed or not.

[staytrue]

I doubt the data is being fudged.

I suspect this is an artifact of obama care where formerly full time workers now work part time jobs at two different places.

[DannyTN]

That's why I use shadowstats.com. This admin is not believable and unemployment stats are no exception. But to be fair, they started this back when Clinton defined away a whole group of long term unemployed.

[DannyTN]

That's why I use shadowstats.com. This admin is not believable and unemployment stats are no exception. But to be fair, they started this back when Clinton defined away a whole group of long term unemployed.

[SENTINEL]

America as we knew it is already dead. Most folks just haven’t realized it yet....And they won’t until the SCUM of both parties have looted what remains of the nation’s credit.

[Tilted Irish Kilt]

Rockitz ~:" I used to shake my head at these kind of revelations, but I just expect them now.....on a near daily basis."

That is the intent of all the lies and scandlals , it desensatizes you !
You expect nothing but more propaganda , ..and you get it from the mainstream media !
That is why I go to FOREIGN news sources for any real information , and not propaganda !

[Little Ray]

KOOK: Keepers Of Odd Knowledge

[Balding_Eagle]

BTTT