• 411,000 were census jobsThis is bad indeed
• 31,000 were temporary help services (BP clean-up hires?)
• 215,000 jobs were “created” using the BLS “birth-death” mathematical model
If you remove the 657,000 temporary and formula jobs from the reported 431,000 jobs added, you’re left with a stunning stat:
The economy actually lost 226,000 jobs last month.
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Friday, June 4, 2010
(Un)Employment
From the 'worst' news of the Patterico post [by DRJ]:
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