by Paul Craig Roberts, Paul Craig Roberts:

In previous years I regularly reported on the monthly jobs reports. I explained that most of the jobs gains were in lowly paid service jobs, that many and even most of the jobs were part time, and that the jobs numbers were not the same as employment numbers as many of the newly employed held two of the new part time jobs in order to make ends meet. I pointed out that none, absolutely none, of the “better jobs” promised to the manufacturing work force whose jobs were offshored ever appeared.

I also pointed out that the inflation numbers were a hoax and gave the reasons why, and I pointed out that the claimed jobs gains were always later quietly adjusted to lower numbers.