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Wednesday, October 10, 2012
DO YOU BELIEVE THE BLS GOVERNMENT DRONES OR SMALL BUSINESS OWNERS?
Small businesses drive employment in this country. Mega-corporations aren’t hiring in the U.S. – they are hiring in China. Our trusted and beloved government drones at the BLS reported that we added over 800,000 jobs in September. These people had to have been hired by small business owners. But wait. Small business owners were surveyed and reported they fired more employees in September than they hired. Their sales suck. How many businesses hire more employees when their sales suck? The MSM spent the entire weekend trying to debunk those who questioned the BLS drivel that was reported on Friday. They have failed. This morning’s survey proves beyond a shadow of a doubt that the BLS numbers are a complete fabrication, created by their little excel spreadsheet regression model. I live in the real world where the economy is in recession and the middle class continues to get fucked up the ass. How about you?
Small Business Optimism October 2012 Survey
Hiring Plans Plunge: Small Business Optimism Drops 0.1 Expectations for the Future Remain Low
September was another month of low expectations and pessimism for the small-business community, with the NFIB Small Business Optimism Index losing 0.1 points and falling to 92.8. The recession-level reading was pulled down by a deterioration in labor market indicators, with job creation plans plunging 6 points, job openings falling one point and more firms reporting decreases in employment than those reporting increases in employment. Since the commencement of NFIB’s monthly surveys in 1986, the Index has been below 93.0 a total of 56 times; 32 of which have occurred since the recovery began in June 2009.