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Employment Lies
Roberts, Paul Craig http://www.counterpunch.org/2016/06/06/employment-lies/
Publisher: Counterpunch
Date Written: 06/06/2016
Year Published: 2016
Resource Type: Article
On June 3, 2016, the Bureau of Labor Statistics announced that the US economy only created 38,000 new jobs in May and revised down by 59,000 jobs the previously reported gains in March and April. Yet the BLS reported that the unemployment rate fell from 5.0 to 4.7 percent, a figure generally regarded as full employment. The May jobs increase only covers a small fraction of the monthly growth in the labor force and, therefore, cannot account for the drop in unemployment.
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