Fake News A US Media Speciality

Fake News A US Media Speciality Paul Craig Roberts The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared…

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Another Phony Jobs Report — Paul Craig Roberts

Another Phony Jobs Report Paul Craig Roberts As John Williams has made clear, the monthly payroll jobs number consists mainly of an add-on factor of 200,000 jobs. These jobs are a product of the assumption in the Birth-Death Model that new business ventures create more unreported new jobs than the unreported job losses from business failures. If we sustract out…

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Jobs Report Blues — Paul Craig Roberts

Jobs Report Blues Paul Craig Roberts On Friday the Bureau of Labor Statistics reported that there were 215,000 new jobs in March. John Williams of ShadowStats.com reports that these “new jobs” result from the the Birth-Death model that “artificially inflates headline month-to-month payroll gains with add-factors that currently average well in excess of 200,000 jobs per month.” In other words,…

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Are The Payroll Jobs Reports Merely Propaganda Statements? — Paul Craig Roberts

Are The Payroll Jobs Reports Merely Propaganda Statements? Paul Craig Roberts US economics statistics are so screwed up that they do not provide an accurate picture. Consider the latest monthly payroll jobs report. According to the report, in January 151,000 new jobs were created. Where are these jobs? According to the report, 69% of the new jobs are accounted for…

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Update to BLS December Payroll Jobs Report: It is even worse than I reported — Paul Craig Roberts

Update to BLS December Payroll Jobs Report: It is even worse than I reported Paul Craig Roberts In my column on Friday I reported the unreported facts in the payroll jobs report. http://www.paulcraigroberts.org/2016/01/08/another-fabricated-jobs-report-paul-craig-roberts-2/ If we choose to believe the report, it is really very bad news. Good middle class jobs are continuing to decline. The new jobs are jobs that…

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Another Phony Payroll Jobs Number — Paul Craig Roberts

Another Phony Payroll Jobs Number Paul Craig Roberts The Bureau of Labor Statistics announced today that the US economy created 271,000 jobs in October, a number substantially in excess of the expected 175,000 to 190,000 jobs. The unexpected job gain has dropped the unemployment rate to 5 percent. These two numbers will be the focus of the financial media presstitutes.…

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The Reported ‘Good News’ Was Bad News — John Williams

This is from John Williams’ (shadowstats.com) introduction to his detailed report on the shortcomings of the June jobs and employment report. “The Good News in the Reporting of June Labor Conditions Was Not Good News. Headline June employment and unemployment numbers were more typical of deteriorating, broad economic activity than they were of an expanding economy in its purported sixth…

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Another Fabricated Jobs Report — Paul Craig Roberts

Dear Friends, Everything we hear from the US government, the puppet governments of its vassal states, and the presstitute media is a lie. Truth is the declared enemy of the West. Those who try to tell the truth do so at cost to themselves. These costs can range from exclusion and slander to watch lists to prosecution and imprisonment. Brave…

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More Bad News From The Jobs Front — Paul Craig Roberts

More Bad News From The Jobs Front Paul Craig Roberts The Bureau of Labor Statistics headline this morning reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” How can this be? As I reported yesterday, US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs. http://www.paulcraigroberts.org/2014/10/02/poverty-report-contradicts-gdp-claims-paul-craig-roberts/ According…

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Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud — Paul Craig Roberts

Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud And More Fraud Is in the Works Paul Craig Roberts Washington can’t stop lying. Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality. In his analysis of the…

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More Phantom Jobs Created–All In The Wrong Places

More Phantom Jobs Created–All In The Wrong Places education is not the answer Paul Craig Roberts Last April I saw a report that 83% of May’s college graduates did not have a job. I remarked that in my day most of us had 2 or 3 job or graduate school offers before we graduated. The latest payroll jobs report issued…

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More Misleading Official Employment Statistics — Paul Craig Roberts

Dear Readers, Readership has doubled, but donations in response to the current quarterly request are less than when the site had far fewer readers. Perhaps I have had my 15 minutes of fame and it is time to retire. Writing these columns does not benefit me. I already know the information that I provide to you, and the establishment has…

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As Ye Sow, So Shall Ye Reap — Paul Craig Roberts

Dear readers: This is not the quarterly request for donations. It is a reminder that this is your site, and it will stay up as long as you support it. As Ye Sow, So Shall Ye Reap Paul Craig Roberts The year 2014 could be shaping up as the year that the chickens come home to roost. Americans, even well-informed…

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The “New Economy” Is The No Jobs Economy — Paul Craig Roberts

Dear Readers, I am flattered by the traffic on this site, and by the generosity of donors from across the United States–large cities and small villages–and the world. We have donations from Indonesia, Russia, Taiwan, Hong Kong, Mexico, most countries in Europe and from Canada, Australia, and New Zealand. It is exciting to me that people from around the world…

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Another Phony Jobs Report From A Government That Lies About Everything –Paul Craig Roberts

June 7, 2013. The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not. According to the Bureau of Labor Statistics, the…

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More Phony Employment Numbers

Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.” There are a number of ongoing problems with the released numbers. For example, the concurrent-seasonal factor adjustments are unstable. The birth-death model adds non-existent jobs each month that are then taken out in the annual downward benchmark revisions. Williams calculates that the job overstatement through November…

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No Jobs For Americans

Today (March 9, 2012) the Bureau of Labor Statistics (BLS) announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Is the government’s claim true? No. Statistician John Williams (shadowstats.com) reports that 44,000 of these jobs or 19% consist of an add-on factor derived from the BLS’s estimate that 44,000 more unreported jobs from new business…

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