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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