Name:	au67 -	Reply
Subject:	From John Crudele at New York Post
Date:	5/5/2015 8:36:03 PM

Each spring, Labor starts adding phantom jobs to its count — jobs they guess have been created but can’t prove have been created.

Some of that phantom spirit is tied to the weather. No, really. At Labor, good weather = the birth of companies = more jobs.

And even in this day and age of instantaneous knowledge of everything, Labor still guesses at how many jobs these newly born companies are generating.

When it reports April employment numbers this Friday at 8:30 a.m., Labor will include about 263,000 phantom jobs.

At least, that is how many phantom jobs it factored in last May.

This May, the Bureau of Labor Statistics will add around 204,000 phantom jobs. In June through August, that number falls to 129,000 and then to 122,000 and then 104,000.

And there is no telling if any of those jobs actually exist. In fact, what if companies were quietly dying this spring instead of sprouting up like so many daffodils? Well, Labor would worry about that later on.

Of the 263,000 or so phantom jobs that will be added through guesstimates in April, probably 50,000 or so will — thanks to seasonal adjustments — be added to the “realer” number to produce the total Labor will announce.

Journalists and economists will report whatever Labor puts in the headlines without question.

But now you know better.

Name:	Talullahhound -	Reply
Subject:	From John Crudele at New York Post
Date:	5/5/2015 9:57:11 PM

I wonder how Mr. Crudele knows this.... or perhaps he is guessing.  Phantom jobs... or phantom facts?

Name:	au67 -	Reply
Subject:	From John Crudele at New York Post
Date:	5/6/2015 8:21:30 AM

Our frequent forum poster on job creation will most likely know.

Name:	Talullahhound -	Reply
Subject:	From John Crudele at New York Post
Date:	5/6/2015 7:17:42 PM

No doubt!! 

Name:	au67 -	Reply
Subject:	From John Crudele at New York Post
Date:	5/6/2015 9:53:15 PM

You might be thinking one poster and I the other.  We'll see what transpires.

Name:	Talullahhound -	Reply
Subject:	From John Crudele at New York Post
Date:	5/6/2015 10:34:11 PM

I can think of 3.  We'll see which one bites first.