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Economist John Williams of Shadowstats.com says the government reported more than 40,000 jobs that didn’t exist. In his latest report, Williams said, “The reported seasonally-adjusted 200,000 jobs surge in December 2011 payrolls included a false, seasonally-adjusted gain of roughly 42,000 in the “Couriers and Messengers” category.”
The economy is clearly not headed for a real recovery, no matter how many positive reports are conjured up by the government. The government and the MSM can mask the decline, but they can’t stop it.