{"id":327959,"date":"2022-12-05T16:20:56","date_gmt":"2022-12-05T21:20:56","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=327959"},"modified":"2022-12-05T03:12:23","modified_gmt":"2022-12-05T08:12:23","slug":"the-bureau-of-lies-and-scams","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2022\/12\/the-bureau-of-lies-and-scams\/","title":{"rendered":"The Bureau Of Lies And Scams"},"content":{"rendered":"
by Karl Denninger, Market Ticker<\/a>:<\/em><\/p>\n <\/p>\n Vomited forth the BLS did….<\/em><\/a><\/p>\n Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate\u00a0was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains\u00a0occurred in leisure and hospitality, health care, and government. Employment declined in retail trade\u00a0and in transportation and warehousing.<\/p><\/blockquote>\n Uh huh.\u00a0 The market no likey thinking that The Fed will be more aggressive and the initial response was to dump about 75 handles.<\/p>\n However — inside there is a different story.\u00a0 Note that the\u00a0Establishment\u00a0<\/em>survey, which is what the headline number is based on,\u00a0counts you as two jobs if you have two jobs;\u00a0<\/em>that is, “employed” is double-counted there if you have two jobs inherently (leaving aside intentional bias) because the two employers generally don’t know about each other.<\/p>\n