The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Friday, November 04, 2011
Unemployment Rate Drops to 9% with the Creation of 80,000 Jobs for October
Now, I will give you the real truth of the employment numbers. The infamous "Birth/Death Model" of the BLS added 103,000 jobs, which is a statistical adjustment, not real jobs! Therefore, if we back out that statistic, we lost 23,000 jobs for the month of October. So far for 2011, the "Birth/Death Model" has added something like 530,000 jobs, or 42% of all jobs created. And yet, people still believe what comes from the BLS. Well, stupid is as stupid does.
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