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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: PartyTime who wrote (1356)2/10/2004 10:20:58 AM
From: Skywatcher  Read Replies (2) of 173976
 
THERE ARE NO NEW JOBS Like Bushkei says.....MORE LIES LIES LIES
from Hussman funds website:
A final note on the employment report, which showed a disappointing 112,000 non-farm jobs created in January. The
Department of Labor had this interesting line in the report (italics added):

“Retail trade employment increased by over 76,000 over the month, after seasonal adjustment. The industry lost a total
of 67,000 jobs in November and December. Weak holiday hiring in general merchandise, sporting goods and
miscellaneous stores meant that there were fewer workers to lay off in January, resulting in seasonally adjusted
employment gains for the month.”

That's almost Orwellian. Essentially, the seasonal adjustment adds jobs to the January figures to correct for normally
heavy losses of temporary jobs after the holidays. But since there were so few of these jobs actually created during the
holidays, those January layoffs didn't occur either. As a result, the seasonal adjustment results in a gain of 76,000
fictional jobs for January. These aren't real jobs because they aren't real people. Let's call them “Seasonally Adjusted
People.”
hussmanfunds.com

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