On Friday we were told that 290,000 jobs were created in April. 66,000 jobs were new census workers, making $25.00 an hour and 188,000 created by the birth/death ratio, or out of thin air.

In reality the economy only added 36,000 jobs. U3 rose from 9.7% to 9.9%. U6 was 17.1%.

If you take out the birth/death ratio real unemployment is 22.4%.

"Friday's release of April's Jobs numbers were falsely optimistic. The data was deceitful, okay even a lie.

Non-farm payroll jobs were reported to have increased by 299,000, which is nonsense. Of that, 188,000 were made up, fictitious make believe, guesstimate phantom jobs called the CES Birth / Death adjustment.

Another 66,000 were temporary government census jobs.

Then another 26,000 jobs were temporary jobs with Temp Services.

So the number was bogus. Pure hogwash. The admitted Unemployment rate rose to 9.9 percent from 9.7 percent. Unemployment remains a serious problem in the U.S.

The net zero real jobs growth In April comes in 150,000 short of what is needed to keep pace with population growth."

http://www.theinternationalforecaster.c ... y_Bankrupt