The BLS reported this past Friday that the economy created 115,000 new jobs in April. Wow! However, this number deeply disappointed the markets. DJIA was off something 168 points. Why? The job creation number of 115,000 failed to cover the breakeven number of 150,000 jobs needed to simply cover legal population growth, let alone eat into the ranks of the unemployed. As a matter of fact, the 115,000 is vastly overstated. It was really one, big continuous lie by the BLS. The infamous "Birth/Death" adjustment for April was a whopper 206,000. In other words, the BLS created 206,000 jobs out of thin air. The real number was actually a net lost 91,000 jobs in April. Stop listening to the lies and become economic literate!
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