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A BUZZFLASH READER COMMENTARY
by Vern Stevens

Bush plans on increasing the employment numbers by cooking the books of the Labor Dept. over the next few months according to the New York Times.

See article:

"To Understand U.S. Jobs Picture, Connect the Dots, and Find the Dots"

About half way through the article is the following statement:

"The assumption of a shortfall in the payroll survey is based on the view that the labor statistics bureau has not yet updated its formula for using net job changes at the 400,000 representative companies in its survey to project job changes at the 8.5 million corporations across America.

The expectation is that the recovery, particularly the strong economic growth in the third quarter, has stepped up job creation at existing companies while also creating jobs at new companies not yet counted by the government. As the bureau gradually updates its survey early this year, the 30,000 to 60,000 not-yet-detected jobs presumably will show up in the monthly employment reports."

It appears that our jobless recovery will suddenly, just before the election, find a lot more jobs. Pretty convenient!

Vern Stevens

A BUZZFLASH READER COMMENTARY