Inconceivably unexpected !!!DRINK !
Surprise!...Surprise!!...Surprise!!!...
DRINK!
Yeah, but the official chocolate ration... er, unemployment rate
went down from 5.1% to 5.0%
Yikes, nearly 600K thrown out of the labor force this month alone.
Participation rate plummets down to 62.4%, Employment ratio hovers at 59.2%, only one point off the very bottom of the recession.
When 0bama was first elected - financial crisis.
When 0bama (presumably) leaves office - financial crisis.
The time in between isn’t so hot either.
Inconceivably unexpected !!!DRINK !
Surprise!...Surprise!!...Surprise!!!...
We need another Recovery Summer. /sarc
The last 7 years have been one big miss!
BTW, bloomberg.com shows a picture of people in the unemployment line, and all except one is black.
What to make of it? It is intentional for some reason.
Either that 0bama’s policies are keeping black people down, or only whites are getting the jobs.
Being Bloomberg my vote goes for the latter.
Yanking on Yellen’s shorthairs again I see...
Man.
That is the headline from CBS/AP.
The bloom must really be off the Obama rose.
That’s the establishment number. The broader household number shows a drop of 350,000 fewer jobs. The unemployment rate stays at 5.1 because 579,000 left the workforce.
The real rate is much closer to 13%, we never left the Great Recession and soon it will be much worse, cause by socialist policies of our dear leader. A big thank you to all those who voting for him.
Still more than a year to go of Obama’s scorched earth policies.
It’s a race against time and the question is precisely this: Will there be ANYTHING left of the nation after he and his flunkies get the h*ll out of Washington?
Great job there half breed.
Do you F up Everything you touch there dumbass?
We have now reached the ZIMBAB region of our decline into Zimbabwe. IOW Almost there.
206K jobs growth is now considered “robust”. Funny what low expectations does for an economy. .
321K Job Growth Isn’t a Big Deal — Check the Record
Read More At Investor’s Business Daily: http://news.investors.com/ibd-editorials/120514-729414-321000-job-growth-is-not-a-big-deal-historically.htm#ixzz3nQAbdRId
“These reporters would be well served — as would their readers — actually to look at the jobs data. They’d discover that a 300,000-plus job gain during an expansion isn’t earth-shattering. In fact, it’s fairly common.
The expansion during the 1960s, for example, included eight months of 300,000-plus job growth, three months of which topped 400,000.
The Reagan recovery produced 23 such months — one saw a million jobs created. Even the so-called “jobless” Bush recovery produced seven 300,000-plus job-growth months. Obama’s recovery has produced all of two such months.
Remember, too, that the previous gains occurred in much smaller labor pools. In the early 1980s, for example, the labor force was 29% smaller than today. Account for the difference, and 300,000 jobs a month in a recovery should be the norm, not a rarity to celebrate.
Plus, let’s not forget that during this allegedly record-setting job growth year, labor force participation actually fell to 62.8% from January’s 63%. It’s still way down from 66% at the peak of the previous expansion.”
“The unemployment rate remained unchanged at 5.1 percent.”
WooHoo! High fives all around!
