Fantasy.
When the numbers move around this much and defy expectations this much, it just highlights the fact that it is all made up and the “experts” have no idea what is really going on. They just want it to look good.
A look at the numbers:
236 thousand “new” jobs.
But, 125 thousand folks OUT of work force in round numbers.
And 60 thousand downward revision from last month.
Yes, fantasy, and BS.
Retailers and fast-food joints engaged in mass hiring since they had to cut their existing workers to under 30 hours due to Obamacare.
Participation rate dropped to 63.5% and birth/deaths added 104,000 to the raw number.
This is just like the CPI, adjusted by hedonics, substitution, etc. so much you can’t tell anything from the published numbers.
I’ll say it again, the only real unemployment number any more that matters is the Labor Force Participation rate, which was down again this month and continues to bounce along at thirty-year lows.
Wait a minute. Didn’t the economy rise just 0.1% in the fourth quarter? That’s with the busy holiday season taken into account. Now we’re supposed to believe that on top of that dreadful news 200,000 were added in February? I’m watching CNN at my job and they’re practically giddy at all of this. Why do I get the feeling the American people are being sold a bill of goods? We’re being led to our slaughter while our attention is being diverted from the disaster.
This probably just reflects a lot people being forced to trade one full time job for two part time jobs. (if there is any real basis for the numbers at all, which I’m not ready to concede in this slightest)
They had to show the numbers getting better, so that in a couple months they can put the bad numbers back up and blame the republicans, and validate Obama’s predictions of sequester doom and gloom.
If somebody has to go out and work two part time jobs to get by, are these jackasses counting those two jobs as two new jobs?!
Something smells awful here.
I wonder what the “downward” adjustment will be next week.
Lies
Damn lies
Statistics
Looks like the fakery in the jobs report is going mainstream today, and all of a sudden.
“They” started a pretend reversal at about 10:12. I say “pretend” because that is definitely not a scheduled ramp time. (The usual starts are 9:45 when options open, 10:30 when oil closes, 11:30 when Europe closes, and noon. And yes that difference between 10:12 and 10:30 is all the difference in the world.)
Down we go today.
THEY COOKED THE BOOKS!!!
Bunch of lying bastards.
Here’s a bit of reality:
We are 147k behind the jobs created for Jan and Feb 2012 so far.
Feb 2013 job creation: 236k
Feb 2012 job Creation: 271k