[georgia2006]

1. Rubbish (this has been the economic populists cry since the 1980s, garbage them garbage now). It also makes no sense that only low wages jobs, the vasry jobs that foreigners can so easily do, are being created
2. Rubbish (the monthly job counts COMES from the BLS)
3. And it wont. IT was in a bubble, why should it recover if it was unrealistic to begin with?

[Dialup Llama]

The monthly jobs figures are based on models and have huge estimated components to them. Whenever they do actual surveys and try of count the millions of new jobs, they have trouble finding them. That was PCR's point. That the monthly "jobs created" don't exist. When you do actual surveys, you get more sobering data which seems to be more in line with peoples' self-reported experiences.

The monthly gov't jobs reports along with inflation figures are notorious for being highly "massaged."