Tuesday, November 9, 2010

Links to Cooking the Books on Employment Data

Much of what is being taught as macro economics and Keynes at the undergraduate level is quite different from what is taught at the graduate level. I am not aware of any other field having this disparity. In any case Mike Whitney gets Keynes, who is having a revival.
Links to articles on "cooking employment data at the Bureau of Labor Statistics.  Taos is fortunate to have folks dedicated to generating their own employment data.
Phantom jobs: Big Lies, Little Lies.  by Paul Craig Roberts
BS From the BLS: Thins are a Lot Worse Than They're Telling Us. By Dave Lindorff

Summer Rerun: America: Banana Republic Watch  by Yves Smith

‎"John Williams’ Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net

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