[hattend]

216K

Just re-read the story.

So 400K filed for the first time but 500K others found jobs.

Even harder to believe.

[PA Engineer]

So 400K filed for the first time but 500K others found jobs.

Even harder to believe.

Not when the BLS created 117,000 jobs with the bogus Birth / Death Adjustment.

The fraud is in the B/D number. They may honestly believe that this is how many new companies and jobs have been created by extrapolation. Then again it may be an outright lie. Either way, the job situation is still deteriorating and will get worse as hyperinflation kicks in.

The number to look at will be the "real" inflation adjusted federal quarterly tax receipts. How many people are actually working and meeting payroll.

[pinqy]

Ok, let's look at the data. In January, 2011, there were appox 1,726,000 new claims (UI weekly claims). From the Job Openings Labor Turnover Survey, we see that there were about 1,519,000 layoffs (Table B) Ok, that's close enough considering the slightly different time frames, lags of being laid off and filing, and just the margins of error.

Total separations was 3,555,000, but there were 3,712,000 hires, for a net change in January of 157,000.

This will NOT match up with the non-farm payroll survey changes. The JOLTS survey is for all hires/separations from the 1st to the last day of the month. The official jobs numbers are a snapshot of the number of people employed during the pay period that contains the 12th, and the monthly change is the net change between those pay periods.