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Headline reports on January jobs ignored broader Household (population) Survey data. It documented 1.5 million fewer workers. The Establishment (Payroll) Survey lost 2.8 million.
People dropped out because of no jobs. Doing so makes them non-persons. They don't exist. They're not counted.
Season adjustments distort month-to-month reality. Raw data reveals hundreds of thousands fewer employed than headline numbers.
Month-over-month, the employment/population seasonally adjusted ratio was unchanged. Unadjusted it dropped 0.6%. Each tenth of a percent = nearly a quarter million people x 6 = nearly 1.5 million.
Seasonally adjusted unemployment numbers rose 117,000 to 12.332 million. Unadjusted numbers increased 1.337 million to 13.181 million.
Unadjusted numbers reflect people wanting work who can't find it. Adjusted ones conceal reality. Phantom data substitute fiction for fact.
On February 1, Economic Collapse headlined "Shocking Numbers That Show The Media (Lie) About Unemployment in America," saying:
Labor force numbers have been contracting since 2006. In Obama's first term, they were "more than three times greater than" the increase in "not in labor force" Americans throughout the 1980s.
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