Yesterday's NFP was heralded by America's Pravda as good news, with headline "unemployment" falling to 7.5%!!!
It was complete bs.
The labor force participation rate is lowest since 1979.
Per John Williams' www.ShadowStats.com:
"Employment and Unemployment data were nonsense:
- April Unemployment 7.5% (U.3), 13.9% (U.6). 23.0% (ShadowStats)."
The US economy remains in very serious trouble, but hey...if you can't FIX it you can officially FAKE it!
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