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The dramatic drop was buried in an Aug. 9 report by the Bureau of Labor Statistics, which said that officials have radically revised their prior claim that wages grew 4.2 percent in the first quarter, from January to March.

“Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent,” the BLS admitted.

In the real world, CEO/CFO types get to go to jail for this type of fraudulent data release.

C'mon January, 2017!

1 posted on 08/10/2016 6:53:32 AM PDT by Prov1322
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To: Prov1322

I’ve said for years that you can eliminate two $100,000 jobs and replace them with four $30,000 jobs, and the BLS will report that jobs doubled.

That is the kind of death spiral we’ve been in since Obama took office.


38 posted on 08/10/2016 9:00:07 AM PDT by Mr. Douglas (Today is your life. What are you going to do with it?)
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