More Fed Follies: Why All Those “Jobs” Aren’t What They Are Cracked-Up To Be

Not surprisingly, after Friday’s 339,000 job gain for May they are gumming loudly again about the “strong” labor market and economy, even if 201,000 or 60% of this gain was in government, health and education and leisure and hospitality jobs. We wonder, therefore, as to what is so strong about a labor market which is […]