[A. Pole]

But in the last three months, the government has been assuming job growth from these invisible companies. In February, 63,000 of these mystery jobs were added; 115,000 were added in March and 176,000 in April. I'm guessing that May will also be an add. Too bad the unemployed can't get one of these non-existent jobs. That would make the economy a lot better - at least in everyone's imagination.

Bump

[Starwind]

So much of BLS/BEA stats aren't data but fabrication to make the data look the way they think it should look. Like they're still in highschool fudging the data to get the 'right result'.

Dealing with the chaos of reality and gleaning information and knowledge from data is not easy, but altering the data never works. They ought to report the data as it is, and then side-by-side show how they choose to adjust it and why - but then they and Greenspan would be out of jobs.

Previous article is at ADJUSTING NUMBERS TO THE POINT OF UNREALITY

[Tauzero]

bttt