Labor Shortage and Other Disturbing Distortions in the Economy International Man: According to the recent Bureau of Labor Statistics (BLS) jobs report, only 266,000 new jobs were created in April—well below the one million new jobs that was expected. At the same time, American businesses are desperately seeking to fill job openings which they can’t fill. A survey by the National Federation of Independent Business found that 44% of small businesses had jobs they couldn’t fill, which is a record high. What’s going on with these seemingly contradictory trends? Doug Casey: First of all, I don’t trust the government’s statistics. Some are surely better than others, but especially when we’re looking at monetary and economic numbers, it’s increasingly apparent that the US government’s statistics are only marginally more reliable than those of the Argentine government at this point. As the US is increasingly politicized, they’ll deteriorate further, fudged and adjusted for propaganda purposes.