That Cheery Jobs Report

What can you expect from a government agency that does not include food or fuel in its inflation measure?

Economist Dean Baker remarks that the touted 200,000 figure is not an accurate number of the jobs created:

We created 42,200 courier jobs in December. Was there really a big surge in hiring in the courier industry? Well, the Bureau of Labor Statistics showed a surge of more than 50,000 new courier jobs last December, all of which were gone in January and then some. In other words, pull out our 42,000 courier jobs and we are looking at job growth of 158,000, not much to celebrate.

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