Economy

Firefox users shoot down idea to put adds on new tab pages. That's too bad. It sounds like a great idea to help fund Firefox.

The sad truth behind April's supposedly good job numbers.

"What should have been of particular concern, but was not even mentioned, was that more than 80% of the 288,000 jobs came from birth/death assumptions the government makes about the net number of new companies that formed during the month and the number of people those companies would have been expected to hire. For some reason the statisticians always assign a disproportionally high number of these assumed jobs to April and May. The rationale for this is likely buried deep within bureaucratic small print, so we have to take that number with a grain of salt. But what if only 100,000 new jobs were added as a result of birth/death assumptions, as was averaged in February and March?"

So the job creation numbers are a fantasy.

"Far more significant than the number of jobs that were created in April were the far greater number of jobs that were lost (806,000) because chronically unemployed Americans gave up on their fruitless quests to find work. This trend has been ongoing for years."

That's not a fantasy.