Wednesday, June 16, 2004

This could be big


Most of Those New Jobs Reported Are Imaginary

The BLS changed their method of calculating new jobs and won't know how accurate it is until next year. They decided everytime a business closed a new business opened they hadn't counted and their has been a sharp rise in business closings. Possibly 85% of the new jobs claimed to have been created since March 2003 are imaginary.

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