Thursday, April 14, 2011

Imaginary job numbers could lead to real trouble

Scary:

Imaginary job numbers could lead to real trouble - NYPOST.com: "Early this month Labor reported that 216,000 new jobs were created in March. It was better than Wall Street expected.

But the figure included 117,000 jobs that the department thinks, but can't prove, were created by newly formed companies that might not even exist. In fact, the department is getting so optimistic about the labor market that it increased this imaginary job count from just 81,000 in March, 2010"

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