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October Employment Report; Disneyland-Style Fantasy?

A Wall Street friend told me he thinks that the October Bureau of Labor Statistics report’s deceptions are so great that Disneyland must have written it. For the umpteenth straight month, the mainstream media cherry-picked the handful of positive statistics but buried profoundly troubling data.
According to the BLS employers’ survey, the one you read in your daily newspaper, in October the economy produced 204,000 jobs. Some analysts audaciously labeled the report “better than expected.”
But the household survey found that in October total employment fell by 735,000 which caused a spike in the official unemployment rate ...

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