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Old August 21st, 2006 #1
Robert Bandanza
Join Date: Mar 2006
Location: JUDEAware, originally MassaJEWsetts
Posts: 8,901
Default Artificial Recovery; Real Job Losses - Paul Craig Roberts

August 21 , 2006

Will the Unemployed Become Cannon Fodder for Bush's Wars?

Artificial Recovery; Real Job Losses


Readers want to know why I have not reported on the payroll jobs statistics for the past two months. Does this mean, they ask, that the situation has turned around and that the US economy is again creating jobs in export and import-competitive sectors?

Alas, no. I did not write about the past two payroll jobs data reports, because it is the same distressing story that other readers say they are bored with hearing.

The July report from the Bureau of Labor Statistics lists 113,000 new jobs, all of which are in services.


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