Don't Drink the 'Fantasy Jobs' Punch
This brings us to the present. Why am I ranting about the birth/death model again? Because the BLS has abruptly and dramatically escalated the number of fantasy-jobs it's adding to its reports each month via the birth/death model.
Early in the year, it was "business as usual" when it came to its birth/death lies: adding close to 100,000 phony jobs in both February and March (following the annual game in January). That put the BLS on pace for roughly 1 million phony birth/death jobs for the year. Then the bottom fell out of the U.S. economy.
First in April, and then again in May, the BLS has added more than 200,000 birth/death fantasy-jobs each month. Suddenly, the BLS is on a pace to add more than 2 million phony birth/death jobs in 2012. Even more alarming is when we take a look at the official, overall numbers being peddled by the BLS.
The BLS originally announced that the U.S. economy had supposedly added 115,000 in April. Take away the 206,000 imaginary birth/death jobs and that would already mean a loss of 91,000 jobs for the month. However, when May's report was just announced last Friday, the BLS revised April's number lower (surprise, surprise) by more than 1/3 -- nearly 40,000 jobs were slashed from the initial bogus report. Suddenly, April's number becomes a net -127,000 jobs, with one more (negative) revision still to come.
This brings us to May. By now, everyone has heard the "surprising" bad news: the BLS announced only 69,000 net "new jobs" for the month. However, what the BLS hid from the sheep was that it added 204,000 more fantasy birth/death jobs. Instantly that jobs-gain of 69,000 becomes a jobs loss of 135,000 -- before the BLS engages in its two monthly "revisions," where 10's of thousands more fantasy-jobs will be erased.
With one more revision to come for April, and two ahead for May, what we see is already bad enough. In just April and May, we already see more than ¼ million lost jobs in the U.S. economy. Understand that this is still just the tip of the iceberg when it comes to BLS deceit.
I've already mentioned that it also uses "seasonal adjustments" as another means of inventing vast numbers of fantasy-jobs each year. But just as the U.S. government uses a vast array of "adjustments" to falsify its inflation numbers, it does the same with employment.
How many jobs has the U.S. economy really lost in April and May? When did the job-losses really begin? Was the U.S. economy ever producing positive jobs-growth during this mythical "recovery"?