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America's Lackluster December Jobs Report

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Stephen Lendman
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Another decade may pass without achieving it. Robust job creation can't happen without responsible economic growth policies. They don't exist. Austerity is prioritized when stimulus is needed.

BLS reports are seasonally adjusted. Doing so distorts reality. Unadjusted Household data showed December employment fell 489,000 from 143.549 - 143.060 million. 

Doing so reflects disappearing holiday season employment. More will evaporate in next month's report.

A lost job is a lost job is a lost job. BLS reports don't say so. Seasonal adjustments smooth out monthly data. Doing so doesn't create jobs. They're not smoothed into existence. They don't produce ready cash. They don't cover vital expenses. Venders demand real money.

Harsh reality is concealed. Unemployed millions know more about America's job market than high-paid mainstream economists.

Media scoundrels don't explain. Steady as you go, they reported. Data matched expectations. Think small and be satisfied.

Seasonally adjusted numbers are reported as real. They ignore BLS saying:

"The confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs." Manipulated data lack credibility.

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