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Screecheth the carnival barker once again.....

Total nonfarm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining.

Uh, how does the economy add jobs at an annualized rate of 3.6 million when only about 2.5 million new entrants to the job market occur in a year, while the unemployment rate stays the same?

That's impossible, but that's what's claimed.  So let's have a look at the unadjusted, not Trump-manipulated numbers and see what they say....


I'm sorry but I must instantly call bull**** on this.  The month-over-month change in employed persons according to the household survey, at 1.55 million, is the largest I've got in my data going back to 1999.  More-interesting is that virtually all of it came out of the "not-in-labor-force" figure, which allegedly declined by 1.304 million (not a record, incidentally, but certainly in the top of the shelf.)

This is also an impossibility with the "unemployment rate" staying at 4.1%.  It appears there's some funny business going on over at the BLS -- likely with the unemployment rate and juggling who goes in what bucket in an attempt to cork The Fed.  It won't work; they'll see through that crap in 10 seconds, as I did.


Then you have this; the employment:population ratio at 60.1% should be much higher if indeed "unemployment" is at 4.1%.  But, of course, it's not.

You have to give these jackasses credit; they're good, but not that good.

If Retail is being destroyed by spamazon it's not showing up here.  Net-net they've had little change across the Christmas season; the usual hiring and firing went on, and this month is normally positive - and was.  That's normal and no indication of "online kills everyone" is actually showing up in the data.  So who's lying?

Another 9,000 people were added to hospitals and I bet 90% of them were not doctors or nurses, but rather paper-pushers and other non-caregivers.  The rest of health care was responsible for another 10k, but again, I bet 90% of those were once again scam-stealers.  The embezzlement and extortion racket in health care continues apace and as I've repeatedly noted nobody wants to take it on because nearly 300,000 jobs were put in that area alone over the last year and 90% of those people never provide a single second of care to a single actual person -- and their jobs would all go "poof" were the anti-trust laws to be enforced.

Credit is hot again (+8k jobs added) along with insurance (+8k) and stocks and similar (+5k).  Big shock, right?  NOT!

For the first time in quite a while the educational data has shifted; those with college experience but less than a bachelors actually lost ground last month as did high school drop-outs.  Everyone else (including only diploma holders) gained.  The associates-holders, however, only lost one tick while the dropouts got hammered for four ticks.

Also interestingly enough government added nearly 400,000 jobs last month.  That's utterly insane, and guess who's paying for all of them?

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