Anyone who is actually on the ground trying to find a job knows that the American job market is bleak. But the statistics coming from the Labor Department (with the help of the Census Bureau) are not quite as dismal as reality:
This Friday, the Labor Department will announce job growth and the unemployment rate for April and — drum roll, please — it probably won’t look as ugly as the GDP.
That’s because Labor uses trick statistics when it gives a picture of the springtime job market. . . .
And even in this day and age of instantaneous knowledge of everything, Labor still guesses at how many jobs these newly born companies are generating. . . .
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