Yes, the BLS is now producing such a steaming pile of waste matter that it might as well be made an arm of the DNC. Or in the alternative, some of the billions that US taxpayers have wasted on it over the years might be recouped from a sale to CNBC. After all, bubblevision’s monthly cheerleading session couldn’t do without it.

In any event, once again this month the labor department bureaucrats did not go out and actually count 242,000 new jobs or even extrapolate them from a valid, scientific sample survey of the Gallup variety.

Folks, they never left their cushy offices; they plucked these numbers from a computer model!

Even before the Census Bureau turned over to the BLS its ragged February data sheets from calling households which do not have phones and surveying businesses which may or may not exist, they more or less knew this month’s numbers.

How? Why they are just fitting a projection line to the trend of the last several years, and then gussying up the resulting hockey sticks with even flakier seasonal maladjustments, re-estimates, birth/death factors and a lot more statistical shenanigans.

So why waste $600 million per year on the BLS when a couple of staffers and a lap top computer at the Democratic National Committee could produce the same propaganda? So could an intern or two at bubblevision headquarters in Englewood Cliffs, New Jersey.

Either way Steve Liesman of CNBC and Barrack Obama of the White House would still be out crowing about how awesome things are on main street. On that score, our clueless lame duck President left nothing to the imagination with respect to Friday morning’s fiction,

“America’s pretty darn great right now,” Obama told reporters Friday as he celebrated a strong jobs report that he said proved Republicans’ “doomsday rhetoric” is little more than “fantasy.”

Let’s see. It would appear that a few pages fell out of Barry’s briefing folder before he rushed to the press room. That is, just about anything that measures what is actually happening in America is not “pretty darn good” at all:

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We will dig deeper into the BLS’ trunk of junk below, but just try this one for a smell test. Is it really possible to believe that private “educational services” jobs——which encompasses everything from swank private days schools to boiler room driven for-profit tuition mills——-have been growing at the exact pace of 62,000 jobs per year since 2006?

In fact, the February 2016 number for this BLS establishment survey category was 3.51 million jobs. That was 64k higher than February 2015; and that, in turn, was 62k higher than February 2014, which was, yes, 63k higher than February 2013.

Then if we go back to February 2006 we get a level of 2.90 million jobs. So subtract that from the 2016 number, divide by 10 years, and, presto, the result is 62k new private education jobs per year for the last decade running.

C’mon. There are more cross-currents out there in the blooming, buzzing world of private education than Carter has liver pills. This huge jobs category covers literally hundreds of thousands of institutions from Podunk Iowa Day School through Harvard Law School. The odds that employment grew by almost exactly 62k for the last three years lies somewhere between zero and none .

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http://davidstockmanscontracorner.com/a-...n=ReviveOldPost

Quote: Cincinnatus wrote in post #2

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Those graphs tell an interesting story, though I'm not sure what "Black Inequality" means. What is it measuring?

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