Friday, June 4, 2010

(Un)Employment

From the 'worst' news of the Patterico post [by DRJ]:
• 411,000 were census jobs
• 31,000 were temporary help services (BP clean-up hires?)
• 215,000 jobs were “created” using the BLS “birth-death” mathematical model

If you remove the 657,000 temporary and formula jobs from the reported 431,000 jobs added, you’re left with a stunning stat:

The economy actually lost 226,000 jobs last month.
This is bad indeed

1 comment:

James Higham said...

And getting worse.