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Inside the Latest Jobs Report
In his report on the Bureau of Labor Statistics’ latest jobs and unemployment report, statistician John Williams (shadowstats.com) writes: “The July employment and unemployment numbers published today, August 3rd, were worthless and likely misleading.”
I will spare the readers an explanation of Williams’ account of the manipulation that is occurring as it is too arcane for the general reader.
Instead, Let’s just apply common sense. According to the BLS, there were 163,000 new nonfarm payroll jobs created in July. This figure is about 13,000 more jobs than is needed to keep pace with population growth. Therefore, the unemployment rate should have declined fractionally. Instead, the unemployment rate (U3) rose from 8.2% in June to 8.3% in July.
In case you missed the point, new jobs, a net figure, rose and so did the unemployment rate!
Moreover, the alternative, but much less reported, jobs report from the Household Survey found that the economy lost 195,000 jobs in July.
The government that lies to you about weapons of mass destruction in Iraq, about Iraq’s al Qaeda connections, about the Taliban in Afghanistan, about Osama bin Laden, about Libya and Gadhafi, about Iranian nukes, about Syria, about Pakistan, about Yemen and Somalia, about Bradley Manning, about Julian Assange and Wikileaks, indeed about everything under the sun, also lies to you about jobs, unemployment, economic recovery, GDP growth, the “terrorist threat,” everything. Try to find anything that the government has said over the past 6 presidential terms that is not a lie.
Other than some minor insignificant detail, “your” government has been consistently lying to you about everything of importance.
“Your” government lies to you, because “your” government has an agenda that it most certainly will not tell you about, because if you knew what it is, you would revolt. Putting down the revolt would divert the government from its agenda. It would also alert the rest of the world to the fact that the US government has an undeclared agenda of world domination, despite the costs to the American people and every other people. World War III looms.
Nuclear annihilation is the necessary outcome of the neoconservatives’ drive for US world hegemony. Syria can fall, and Iran can fall, but Russia and China are unlikely to accept their reduction to puppet state status. As both are nuclear armed and as the crazed criminals in charge of the US government are wallowing in hubris, nuclear war seems inevitable.
The world’s most mortal enemy is Washington. If Washington prevails, the world will be dead or in slavery to Washington, including all american subjects, whether Democrats or Republicans.
Don’t let it ever be said that your enemy, whatever your country, has not been identified.
Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal. His latest book, Wirtschaft am Abgrund (Economies In Collapse) has just been published.