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Another Phony Jobs Report From A Government That Lies About Everything

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Source: Paul Craig Roberts



June 7, 2013. The payroll jobs report for May released today continues the fantasy.

Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs.

Are these jobs the high-powered, high-wage "innovation jobs" that economists promised would be our reward from Globalism? I'm afraid not.

According to the Bureau of Labor Statistics, the jobs created are the usual lowly paid non-exportable domestic service jobs -- the jobs of a third world country.

Retail trade accounts for 27,700 of the jobs.

Wholesale trade accounts for 7,900 jobs.

Ambulatory health care services accounts for 15,300 of the jobs.

Waitresses and bartenders account for 38,100 of the jobs.

Local government accounts for 13,000 of the jobs.

Amusements, gambling, and recreation account for 12,500 of the jobs.

Temporary help services provided 25,600 jobs.

Business support services provided 4,300 jobs.

Services to buildings and dwellings provided 6,400 jobs.

Accounting and bookkeeping services provided 3,100 jobs.

Architectural and engineering services provided 4,900 jobs.

Computer systems design and related provided 6,000 jobs (most likely filled by H-1B work visas).

Management and technical consulting services provided 3,200 jobs.

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http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

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Right, on all counts. Murdered by the usual perps,... by Ernie Messerschmidt on Friday, Jun 7, 2013 at 11:32:43 PM
...PCR nails it.Now if only he would do a little m... by Stan Stanfield on Saturday, Jun 8, 2013 at 2:09:25 AM
It's the only jobs program we have that's working!... by Scott Baker on Saturday, Jun 8, 2013 at 4:04:21 AM
nothing to add. All correct... by Mark Sashine on Saturday, Jun 8, 2013 at 6:49:42 AM
near the top, as others incredibly do. It's just n... by Ad Du on Saturday, Jun 8, 2013 at 10:28:55 AM
Ad DuPlease find another response. All you ever br... by Janet Gaudiello on Saturday, Jun 8, 2013 at 5:22:39 PM
I would say it is for me just about as difficult t... by Ad Du on Saturday, Jun 8, 2013 at 11:41:30 PM
Who wants to be educated in a cesspool? There's no... by Peter Duveen on Saturday, Jun 8, 2013 at 5:35:15 PM
Just as with my use of "democracy" to describe som... by Ad Du on Sunday, Jun 9, 2013 at 12:22:59 AM
I agree with Ad Du about the need for education. I... by Ceric on Saturday, Jun 8, 2013 at 10:57:01 PM
I found myself crying in the desert, searching for... by Ad Du on Sunday, Jun 9, 2013 at 12:43:24 AM
When Ronald Reagan announced that we were moving a... by Matthew Peters on Saturday, Jun 8, 2013 at 12:51:14 PM
And while back then it could have perhaps been arg... by Ad Du on Sunday, Jun 9, 2013 at 12:48:36 AM
Stop the whining and criticisms everyone. Go to th... by Janet Gaudiello on Saturday, Jun 8, 2013 at 5:50:36 PM
I do not understand why anyone would insist that s... by Ceric on Saturday, Jun 8, 2013 at 10:25:57 PM
Another phoney article about the jobs report... by kanawah on Sunday, Jun 9, 2013 at 8:34:26 PM