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 The 'Big Lie' Behind the Rosy Unemployment Rate

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RR Phantom

RR Phantom

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The 'Big Lie' Behind the Rosy Unemployment Rate Vide
PostSubject: The 'Big Lie' Behind the Rosy Unemployment Rate   The 'Big Lie' Behind the Rosy Unemployment Rate Icon_minitimeWed Aug 17, 2016 7:11 pm
When Donald Trump on Monday questioned the accuracy of the federal government’s glowing employment reports, it may have seemed like another unsubstantiated outburst from a famously loose-with-the-facts candidate. But in this case, he was joining a bipartisan chorus of businesspeople, economists and lawmakers who say the monthly employment report is an artificial portrait deliberately airbrushed by statisticians to make the jobs picture look better than it really is.

The 'Big Lie' Behind the Rosy Unemployment Rate 0812jobs01

Last week, the Obama administration’s Bureau of Labor Statistics (BLS) reported that the economy added 255,000 jobs in July, and that the official unemployment rate had remained at 4.9 percent—the lowest it has been since early 2008. In a speech to the Detroit Economic Club, Trump derided the report, calling it “one of the biggest hoaxes in modern politics.”

http://www.newsweek.com/big-lie-rosy-unemployment-rate-489897
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