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gainspainscapital.com / Graham Summers / February 6, 2017
While the financial media was applauding last week’s jobs number, those of us who actually look into the details can tell you that the report was complete fiction.
The headline number of 227,000 was largely crafted through seasonal adjustments, NOT actual job creation. At a minimum 170,000 of those jobs were created in an excel spreadsheet by bean counters, NOT by businesses hiring.
Indeed, a non-massaged metric, average weekly hours fell by the largest percentage since the 2008 recession.
Read more ... source: The Bitcoin Channel
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