by Mac Slavo, SHTFPlan:
This morning the Bureau of Labor and Statistics issued their latest non-farms payroll report.
The good news is that the unemployment rate dropped from 7.0% to 6.7%, the lowest it’s been since 2008.
The bad news is that this statistic is predicated on illusory machinations in how the government calculates the numbers.
First, we’ll note that job creation itself collapsed to a three year low. Economists expected 197,000 jobs to be created, but the end result was only 74,000. Of course, they have a reason for why that happened:
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