Why Today's Employment Number is FALSE

Todd Stein & Steven McIntyre
The Texas Hedge Report
Jul 8, 2005
Snippet Courtesy of www.texashedge.com

This morning, the financial press cheered the news of 146,000 jobs created during the month of June. But a look behind the numbers shows that jobs may actually have been LOST during June.

According to the US Dept of Labor (http://www.bls.gov/web/cesbd.htm), 184,000 jobs were created out of thin air and labeled as net new businesses during June. In fact, over half of the jobs created in 2005 have been derived from this new business 'birth/death' model.

Although it is not a straight apples-to-apples comparison, it looks like the real June employment number should be a LOSS of 38,000 jobs. (146,000-184,000)

more follows for subscribers . . .

Jul 8, 2005
Todd Stein & Steven McIntyre
Archives
Texas Hedge Report
Todd Stein & Steven McIntyre
email: admin@texashedge.com

For more information, go to http://www.texashedge.com.

Recent Gold/Silver/$$$ essays at 321gold: Jun 07 US Stk Mkt, Oil & Gold What Now  captainewave 321gold    Jun 05 Gold Stocks: Ready To Rally  Morris Hubbartt 321gold    Jun 05 Gold Summer Doldrums '26  Adam Hamilton 321gold    Jun 02 Golden Tools For Golden Money  Stewart Thomson 321gold    May 31 L@@K Amazon Kindle and Paperback Books by...  Bob Moriarty 321gold    May 29 Gold Stocks: Is The Correction Over?  Morris Hubbartt 321gold

321gold Inc