US Payrolls Jump Up Thanks in Part to “Ghost Jobs”
Posted on May 09, 2011 at 11:35 AM EDT
The US payroll numbers came in much better than expected on Friday, helping the dollar continue its rebound versus most of the currencies. American employers added 244,000 jobs in April according to the Labor Department, exceeding last month’s revised 221,000 jobs and easily beating economists’ projections. But a separate report showed that the jobless rate [...] US Payrolls Jump Up Thanks in Part to “Ghost Jobs” originally appeared in the Daily Reckoning . The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas. Bill Bonner, the founder of the the Daily Reckoning released his latest book Dice Have No Memory: Big Bets & Bad Economics From Paris to the Pampas in April 2011.