The Phaserl


Why America May Be Fabricating Its Jobs Numbers

by George Leong, Investment Contrarians:

Many accuse China of manipulating its economic data to fit what the market wants to see, yet this kind of behavior doesn’t appear to be isolated to China. It even occurs here—if you believe what the New York Post reported in a recent editorial. If it were true, to be honest, I wouldn’t be that surprised.

According to the article, there are allegations that the Census Bureau fabricated jobs market data reflected in the non-farm payrolls reading in 2010 and that this continues to occur.

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