Today 9:59 am
https://www.zerohedge.com/economics/no- ... first-time
When the real unemployment rate hits 18% before 2030, the BLS will tell you it's "only" 9%
Don't worry...the Soviet bureaucrats cooked the books for decades...we only got started in the 80s when Saint Raygun needed to make "adjustment$" to the heuristics...America has apparently perfected quantum employment: the jobs exist when politicians need to brag about them, disappear when the BLS revises the data, then reappear a year later when Goldman finds them in the unemployment-insurance records. Schrödinger's ******* payroll. Don't worry, though. Wall Street will trade billions of dollars at 8:30 AM based on a number we'll discover next February was pulled out of a statistical *******
When the real unemployment rate hits 18% before 2030, the BLS will tell you it's "only" 9%