Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter 2 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

America's Sham Economic Recovery

By       Message Stephen Lendman       (Page 1 of 5 pages)     Permalink    (# of views)   No comments

Related Topic(s): ; ; ; , Add Tags
Add to My Group(s)

News 2   Supported 2   Well Said 1  
View Ratings | Rate It

opednews.com

Author 194
Become a Fan
  (191 fans)
- Advertisement -

America's Sham Economic Recovery


Official government data cover up the dire state of America's economy.

- Advertisement -

by Stephen Lendman

Official government data are manipulated. Credibility's entirely lacking. Reported good news is hype. Grim underlying reality is suppressed.

- Advertisement -

The monthly Labor Department jobs report is typical. Progressive Radio News Hour regular economist Jack Rasmus calls the latest January one "largely statistical legerdemain."

A reported 243,000 nonfarm jobs reported lacked credibility. Manipulation manufactured them. Even the Bureau of Labor Statistics (BLS) admits:

"The confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs."
- Advertisement -

With that level of accuracy why bother reporting at all. Monthly numbers are meaningless. January's reflect the problem.

Rasmus said those allegedly created aren't actual jobs. "They represent seasonal adjustments made to the raw data...." January numbers, in fact, reflect "an anomalous massive upward revision of the raw jobs data, due to assumptions about seasonality and (alleged) new business formations."

Next Page  1  |  2  |  3  |  4  |  5

 

- Advertisement -

News 2   Supported 2   Well Said 1  
View Ratings | Rate It

opednews.com

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert