Statistica​l jobs aren't real jobs....................from Rico

There are a lot of things that sound pretty good in theory, but absolutely do not work in practice.

Statistics may be a good case in point.

The NFP aka "jobs report" sounded pretty good, yet unemployment slightly rose from 8.2% to 8.3%....how is that possible?
- Easy. LIE.

Unemployment.
Let's get the phoney 'headline' unemployment number out of the way first.
- The U3 number of 8.x% does NOT include everyone that is unemployed. It sounds better, actually MUCH better than the 'real' unemployment number...the U6 number...which is in reality running just over 20%/just under 25%.

NFP (jobs report).
The 'happy headlines' today say the US added 163K jobs in July. Up from 133K last month.

Hooray? No, horse-hooey!
- The non-seasonally adjusted July number was a 1.248 million jobs drop from June.
- BLS 'added' 377K statistical jobs for "seasonal" purposes...the largest such seasonal addition in the past ten years.
- The Birth/Death (BD) adjustment then gets us to today's 'headline' number...but the BD adjustment was 1,000% higher than last month's BD adjustment.

In short: it was ALL statistical fakery [read: a LIE].

'Statistical' jobs simply are NOT 'real' jobs...unless it's a Presidential election year.
- The lies won't be of any help to you, happy voter, as you try to acquire that coveted MacDonald's cap in today's job market.