Is the almighty American jobs market weaker than it looks? Ever since the pandemic began to fade, surging employment has helped the US economy stand out from its peers. New data on Friday confirmed that trend by showing companies added about 272,000 staff members in May, far ahead of the 180,000 that economists had expected. The bumper reading forced traders to recalibrate (again) on when they expect the Federal Reserve may lower interest rates. Yet underneath the hood, there are...

Do you believe the U.S. added 272,000 jobs last month? If not, you have plenty of company. The figure is so out of scale, and so at odds with other indicators of the employment picture, that it almost surely is wrong, and likely to be revised sharply lower.  After all, another Bureau of Labor Statistics report shows that 625,000 fewer people were employed full-time last month. When even Jay Powell, chairman of the Federal Reserve, suggests the numbers are somewhat...

Every first Friday of this year (here, here and here) we have spent hours deconstructing the glaring propaganda peddled by Biden's Labor Department, meant to show just one thing - how "strong" the economy is under the current administration - and exposing just how ugly the underlying labor data truly is. Last Friday's nonfarm payrolls was the most recent case in point: for those who didn't read our extended analysis titled "Inside The Most Ridiculous Jobs Report In Years", which...

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