Great news on Friday! We added 163,000 new jobs. Break out the champagne, happy days are here again. I hope you're as skeptical as I am about these numbers. Seems like after you take into account the jobs that were supposedly created by new businesses that were formed, the so called birth-death index, strip out the seasonal adjustments, the numbers tell a somewhat different story. Those two numbers added over 400,000 "new" jobs to the total. So we actually had a near quarter million job loss for the month.
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