As if you hadn’t already figured it out, you are being lied to by the BLS. Basically the universe of people that have simply given up looking for a job is being expanded. And yesterday, the President’s Press Secretary classified that as “positive for the economy.” Yeah he really did.
After countless attempts to discredit or defend Friday’s jobs report, we can all agree on one thing: The data is complicated. So complicated that the BLS could make the economy look better than it was and no one would be sure.
Stockman writes: “If you spend a little time with these numbers you will know that they are being made up.”