by Paul Craig Roberts
In my opinion, the March BLS jobs report of only 88,000 new jobs, only 69 percent of those needed to stay even with population growth, undermined the Obama regime’s recovery hype and the stock market’s confidence in “recovery.” Even brainwashed Americans have learned that “jobless recovery” is an oxymoron. So the word was passed to the political appointee overseeing the BLS to avoid further embarrassments. However, like the old Soviet press, the professional staff delivered the required report in a way that undermined it. Goods-producing jobs are reported to have dropped by 9,000 and retail stores are being closed, so why are 100,000 new jobs needed in retail trade and professional and business services?
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