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Another Phony Jobs Report

Paul Craig Roberts

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March 4, 2016 | Categories: Announcements | Tags: | Print This Article Print This Article

Another Phony Jobs Report

And if true it is damning

The monthly payroll jobs reports have become a bad joke.

No growth in real retail sales, but 55,000 retail trade new jobs in February.

No growth in real consumer income, but 40,000 more waitresses and bartenders.

86,000 new jobs in Education, health services, and social assistance. February is a strange

month to be hiring new teachers. If February brought a quarter million new jobs, how come a

big hike in social assistance jobs?

Manufacturing lost 16,000 jobs.