US UNEMPLOYMENT RECORDS CORRUPTED!

On Friday, The US Jobs report showed for May showed the Unemployment Rate was 13.3%. This number was way off the consensus estimates. What was the expected Unemployment Rate you ask? 19.5 fucking percent. How could these so called “Professionals” have been so wrong? Well, you’ll soon find out.

Regardless, this was obviously great news for investors as it showed the worst of things may be in the rearview mirror. With their new found confidence, investors ran the market up! The Dow Jones closed Friday an astonishing 829 points.

But, investors may want to pump the brakes. As I alluded to earlier, it doesn’t make sense these estimates could have been this far off. Well, it turns out there was some errors. One section of the Unemployment Rate numbers is “Other Reason”, this section is used for people that are on vacation , home to take care of family, etc. Rumor has it people at home waiting to be called back into work were classified in that “Other Reason” section.

Had this “mistake” not happened the Unemployment Rate would have been closer to 16%. So, there is almost a 3% difference! They call it a mistake. I feel something bigger may be going on here. Market Manipulation? Yeah its a big accusation to make, but would it surprise me? Not for a fucking second.