The key take-aways in the following story were that:
- Taxes deducted from employee paychecks are still declining, suggesting that fewer people are working than the BLS reported
- Numbers of people receiving unemployment benefits is up 27% in just two months
- First-time claims in unemployment rose more than 10% in January
- The BLS added in 1.92 million jobs in January due to its "adjustment" process. These are fictitious jobs.
- Historically, January adjustments are followed by later revisions that show actual data to be much worse than originally reported.
