Sunday, June 20, 2004

More voodoo

Remember when we spoke, a few days ago, of the fake jobs boom? We linked you to an important story demonstrating that the rosy economic news is all based on an ersatz economic model, not on real-world statistics.

Well, here's another piece providing more proof. An excerpt:

How can the net number of jobs increase by 248,000 in a month without decreasing the unemployment rate?
This seems like an internal inconsistency for the May 2004 numbers, just as the Labor Dept.'s statement that the "Birth/Death Model" is a "small and stable" part of job growth, and yet accounts for 94% of new April 2004 jobs, seems like an internal inconsistency.

Democrats shouldn't shy away from discussing jobs because of these fake, rosy numbers.

We should speak out, saying that starting for April 2003 the Bush Administration used a new way of estimating the number of jobs. A new method which the Labor Dept. seems to be exploiting recently.

There is no reason to believe these numbers when the Labor Dept. isn't forthcoming about exactly how they were produced, to allow the figures to be independently verified.

There are too few jobs, and we need new leadership.
This is an important analysis. Pass it around!

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