U.S. job-loss LIES keep getting bigger
About the only thing growing in the United States economy right now are the size of the lies which the U.S. government keeps telling about it.
The monthly job-loss reports from the U.S. Bureau of Labor Statistics have become a predictable exercise in fraud. Consider the pattern over the last few months.
Month preliminary estimate second reading final total
November 533,000 584,000 597,000
December 524,000 577,000 681,000
January 598,000 655,000
The numbers speak for themselves. Every estimate is revised higher. But the increasing size of the lies should be more troubling. The final November number was 12% higher than the original lie. The final December number was 30% higher than the original high, and (so far) the indication is that the January lie will be even bigger than the December lie. This means the final reading for January should be near 800,000 jobs lost.
Now we come to February. Despite the short month, there were over 2,500,000 lay-offs in February in the U.S. The monthly job losses are simply: total lay-offs, minus new jobs created. So, how many new jobs could have been created in the U.S. in the (short) month of February?
Let's be generous. Let's say that U.S. employers created one million jobs in February. That would mean that the net job losses for February would be 1 ½ MILLION jobs. What did the government report? The BLS reported 651,000 jobs lost – an obvious, pathetic lie.
Let's be more than generous. Let's say that somehow U.S. employers created 1.5 million new positions in the (short) month of February. This would STILL mean U.S. job losses of MORE than 1,000,000 in February.
That would mean that the final estimate for February would be more than 50% higher than the preliminary,outrageous lie. If you extrapolate the lies for November, December, and January, the February fiction confirms a four-month pattern of ever-increasing lies by the Bureau of Labor Statistics.
The problem for the U.S. government is lying about job-losses does NOT make the U.S. economy stronger – it only delays the date when stupid sheep start dumping U.S. dollars and U.S. Treasuries. There is NO “game plan” for the Obama regime other than covering up an accelerating collapse of the U.S. economy.
Barring a complete reversal from the Obama regime, where it acknowledges the severity of the collapse, and immediately takes the appropriate drastic measures, the United States appears to be headed for a Soviet Union-like implosion in roughly eighteen months.