Official statistics have gone the same path as peer review.
Obama holds a jobs conference, and then immediately after Obama’s cheerful jobs conference, the BLS tells us that there are fewer unemployed, and more jobs.
Supposedly there are over a million more jobs this year than the same period last year – yet withheld income for salaried employees and payroll tax have fallen 19% compared to the same period last year.
Private employment surveys, x, x, such as ADP and Trim Tabs tell us that everything is going to hell in a handbasket.
Spengler points out that 300,000 people disappeared from the labor force, yet the BLS reports no increase in “discouraged workers” or workers forced to take part-time jobs for economic reasons.
The government tells us everything is getting better and better. Who are you going to believe?