This is how they come up with the numbers. They assume the number of people that "should" be hired in a booming economy and add that to the numbers, rather than count the real number actually hired.
These numbers mean nothing. Take away all the fictitious numbers, add those grossly underemployed or unemployed, and this country is in big, BIG trouble.
I also think the bond market crash is starting, too.
Hope. Change.
The bond market is reacting to strong results which will result in the fed tapering it’s asset purchases.
422,000 jobs were “estimated” into existence in June via the Birth/Death Model.
Today, businesses are not replacing people who die or retire. They’re cutting back instead. These jobs do not exist.
This is how they come up with the numbers. They assume the number of people that “should” be hired in a booming economy and add that to the numbers, rather than count the real number actually hired.
These numbers mean nothing. Take away all the fictitious numbers, add those grossly underemployed or unemployed, and this country is in big, BIG trouble.
I think you have that exactly right. certainly where I work the pattern for years has been not to replace retirees. I work for a large defense contractor with so many people there are retirements everyday.
the problem is, in this Orwellian country we live in, the government and the media will be misrepresenting the actual facts, so it will seem to you few people have jobs, but they’ll keep reporting 7.6.