Keyword: fakejobnumbers

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  • Faux job numbers could lead to real trouble

    04/12/2011 5:42:16 AM PDT · by Red Badger · 27 replies
    NY Post ^ | Last Updated: 12:54 AM, April 12, 2011 | By JOHN CRUDELE
    Deception is a dangerous thing. You never really know when a lie may turn on you. Take, for instance, the Labor Department's annual springtime boost in the faux jobs market. While it's nice that the government thinks there is an employment boom coming, this won't be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions. [snip] Early this month Labor reported that 216,000 new jobs were created in March. It was better than Wall Street expected. But the figure included 117,000 jobs that the department thinks, but...