A Masterpiece of Cooking Statistics: Trump’s Latest Big Lie Is Alleged Improvement in US Jobless Situation: Under Command of Reactionary Eugene Scalia, Labor Department’s Bureau of Labor Statistics Claims Unemployment Declined to 13.4% in May from 14.7% in April; But Black Jobless Ticks Up to 16.8% with Latino Unemployment at 17.6%; For Third Month in Row, BLS Has Grotesquely Misclassified 4.9 Million Jobless as “Employed Not at Work” Instead of “Unemployed on Temporary Layoff”; Fixing This Would Have Increased Joblessness to 19.2% in April and 16.1% in May; BLS Attributes Current Gains to 2.5 Million Alleged Hirings; But This Is a Statistical Hallucination Deliberately Created by Bureaucrats; BLS Notes Response Rates from States Had Been Lower During Pandemic; During April, Agency Had also Tampered with “Births and Deaths” Model Used to Estimate Business Openings and Shutdowns; Krugman Still Believes the Statistics!
ADP Payroll Summary Had Shown Private Sector LOSING 2.8 Million Jobs in May; Weekly First Time Jobless Claims over Recent Months Had Suggested Job Losses Close to 41 Million over Lockdown Period, but BLS Now Lists Only 20.7 Jobs Gone; One Explanation Might Be Workers Absorbed into Paycheck Protection Plan Who Were Never Reported to […]
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