Gee! No kidding??
3 months after Christmas, in the middle of the heaviest snowfall in decades Coast to Coast, (and still snowing in many places) wouldn’t have anything to do with that, would it??...
I don’t buy into this Chicken Little mentality that the media is spreading around. This stuff sells papers, but it also helps talk the Economy down even further.
I grant you it’s a bad time to be an investment broker, especially if you’ve been bundling crappy mortgages and selling them to unsuspecting Froggies...but otherwise things aren’t that bad, and when the weather finally breaks many of those jobs will be recovered...
Clinton’s unemployment rate was 5.9% and was called GREAT!.
We are not in a recession or great depression, but if the MSM can convince everyone that the othger guy is doing badly even if you are doing ok yourself, then the electorate will vote for “change” next time and vote in dems. period.
The 80k number is the seasonally adjusted number, so theoretically, the fact that it is 3 months after Christmas should have no effect on the jobs number in a normal economy.
“I don’t buy into this Chicken Little mentality that the media is spreading around.”
The figures are from the Labor Department. The media didn’t make them up.