A jobs fair at a community centre in New York. The US Labor Department’s latest non-farm payrolls rose by 156,000 last month, down from a gain of 167,000 in August. Photo: A jobs fair at a community centre in New York. The US Labor Department’s latest non-farm payrolls rose by 156,000 last month, down from a gain of 167,000 in August. Photo:
A jobs fair at a community centre in New York. The US Labor Department’s latest non-farm payrolls rose by 156,000 last month, down from a gain of 167,000 in August. Photo:
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

The much-anticipated US non-farm payrolls is little more than a deliberately falsified indicator

On every hand there is growing evidence of a significant economic slowdown, except in the one indicator on which the Fed heavily relies

A jobs fair at a community centre in New York. The US Labor Department’s latest non-farm payrolls rose by 156,000 last month, down from a gain of 167,000 in August. Photo: A jobs fair at a community centre in New York. The US Labor Department’s latest non-farm payrolls rose by 156,000 last month, down from a gain of 167,000 in August. Photo:
A jobs fair at a community centre in New York. The US Labor Department’s latest non-farm payrolls rose by 156,000 last month, down from a gain of 167,000 in August. Photo:
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.