Another Phony Jobs Report
And if true it is damning
The monthly payroll jobs reports have become a bad joke.
No growth in real retail sales, but 55,000 retail trade new jobs in February.
No growth in real consumer income, but 40,000 more waitresses and bartenders.
86,000 new jobs in Education, health services, and social assistance. February is a strange
month to be hiring new teachers. If February brought a quarter million new jobs, how come a
big hike in social assistance jobs?
Manufacturing lost 16,000 jobs.