[WilliamofCarmichael]

The National Journal headline: "Don't Get Too Excited About the New Jobs Report -- The economy hit a milestone on Friday after the latest jobs report shows that the US recovered all the jobs lost during the Great Recession. But people shouldn't celebrate too much just yet."Well, why not?

This helped me to see why not. In addition to what Rush said.

THE EMPLOYMENT SITUATION -- HOUSEHOLD DATA PUBLISHED FOR MARCH 2005

Civilian noninstitutional population ...........................................	222,550	225,041	225,236	222,550	224,422	224,640	224,837	225,041	225,236
Civilian labor force ..................................................................	146,525	147,649	147,745	146,737	148,313	148,203	147,979	148,132	148,157
Participation rate ...............................................................	65.8	65.6	65.6	65.9	66.1	66.0	65.8	65.8	65.8
Employed ..............................................................................	137,691	139,100	139,759	138,408	140,293	140,156	140,241	140,144	140,501
Employment-population ratio ............................................	61.9	61.8	62.0	62.2	62.5	62.4	62.4	62.3	62.4
Unemployed .........................................................................	8,834	8,549	7,986	8,330	8,020	8,047	7,737	7,988	7,656
Unemployment rate ..........................................................	6.0	5.8	5.4	5.7	5.4	5.4	5.2	5.4	5.2
Not in labor force ....................................................................	76,025	77,392	77,492	75,812	76,109	76,437	76,858	76,909	77,079
Persons who currently want a job .........................................	4,667	4,844	4,858	4,817	5,087	5,021	4,982	4,995	5,001

THE EMPLOYMENT SITUATION -- HOUSEHOLD DATA PUBLISHED FOR MAY 2014

Civilian noninstitutional population ...........................................	245,363	247,439	247,622	245,363	246,915	247,085	247,258	247,439	247,622
Civilian labor force ..................................................................	155,734	154,845	155,841	155,609	155,460	155,724	156,227	155,421	155,613
Participation rate ...............................................................	63.5	62.6	62.9	63.4	63.0	63.0	63.2	62.8	62.8
Employed ..............................................................................	144,432	145,767	146,398	143,919	145,224	145,266	145,742	145,669	145,814
Employment-population ratio ............................................	58.9	58.9	59.1	58.7	58.8	58.8	58.9	58.9	58.9
Unemployed .........................................................................	11,302	9,079	9,443	11,690	10,236	10,459	10,486	9,753	9,799
Unemployment rate ..........................................................	7.3	5.9	6.1	7.5	6.6	6.7	6.7	6.3	6.3
Not in labor force ....................................................................	89,629	92,594	91,782	89,754	91,455	91,361	91,030	92,018	92,009
Persons who currently want a job .........................................	7,193	6,088	7,031	6,648	6,348	6,060	6,146	6,146	6,438

[Kenny500c]

Another point that I never hear anyone mention. These reported numbers are non-farm payrolls. I don’t know much about Ag, but with all the mechanization and small farms getting gobbled up (especially turkey farms, lol) by big corporate farms, I bet there are a lot fewer jobs in that sector of the economy.