MSNBC: December Jobs Report Is ‘Awful,’ ‘Very Bad,’ And ‘Ugly’

Washington Free Beacon ^ | 01-09-2014 | Staff

[xzins]

And unemployment dropped to 6.7%.

Only an idiot would not notice the huge contradiction between a terrible jobs report with a virtual standstill in job creation, AND a DECLINING jobless rate.

This UE3 is such a ridiculous statistic that it should simply be ignored. Making more sense is the UE6 number, but, sadly, it is ruined by the fact that it uses UE3 as part of its formulation.

Labor force participation should be the focus, but as soon as folks begin to focus on it, the Gestapo will change how it’s calculated or figure a way to game it. (They probably add all the labor force drop outs who they won’t count in the UE3. How will they justify it? They give the weird talking point that receiving unemployment actually helps the economy, so receiving an unemployment check should be counted as employment.)

[Old Yeller]

Awful, Very Bad, and Ugly.

[A Formerly Proud Canadian]

Obama’s Laser on jobs broke again or is he using cheap batteries ?

A solar powered laser, on a cloudy, snowy day!

[Pearls Before Swine]

They have run out of excuses. They cannot blame Bush any more.....................

That's what you think! LOL

[BigEdLB]

From another thread on the same subject:

Li mila kaletap elenut de yuba elo va osedese elinam? Tolos ereret sitoto guro irinegu sitielip lisosat gi 74,000. Gi pu idulelo ver tesit inen resi sicas bige suli. Rinibet cigu yuce. Seco senil roniek furabe, lib timibem parane monetad mide leb tugin. Terawu rehay moceril pe liyan seg docinig noc alieyocem. Kiti dan ret! Cafo savat urituzi itesosie cunune ara torem dat. Ga 6.7% miegenu folierar sicor sane.

Czar Ima Sycophant DeObama
Department of Labor

[Bluestocking]

It wasn’t just faceless economic ‘’experts’’ who made the absurdly rosy prediction that new jobs would total 200,000 in December instead of 74,000 as it turned out.

Some of the experts were Federal Reserve members, including Chairmen Ben Bernanke and Janet Yellen, who acted on their wrong assumptions by announcing that the economy was moving ahead at such a healthy pace that it was time to taper the Fed’s bond purchases.

Does anyone believe that a gypsy fortune teller couldn’t have made a better prediction of December’s job numbers than the Fed and its new Chairwoman? And what will the Fed do now to regain its credibility?

[mandaladon]

6 years in and liberals still denying that Obama owns the economy. Hilarious.

[Popman]

Of course the job numbers are horrible ...what numbers did you expect?

Great, superb, wonderful...?

How else can the administration make a political point about the House not extending long term unemployment benefits...

I would bet everything I own the next jobs numbers after a bill passes to extend long term unemployment benefits will be fabulous...

[volunbeer]

All of that quantitative easing money went into a propped-up stock market that now has no correlation to the inability to get ahead for most US citizens. And that money will disappear into thin air (which is where it came from) when stockholders cash out.
And the US taxpayer holds the bill for the bogus “lending” of money that went into the stock market. How dumb can the financial planners be?

---

Don’t forget all those great “green” jobs they promised when they came into office. Paid 6 figures per job and almost none of them still exist. Real men of genius.

[Hetty_Fauxvert]

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