Only 113k Jobs—How Decadence Breeds Decay!

Townhall.com ^ | February 8, 2014 | Peter Morici

[kearnyirish2]

My bad; it wasn’t a newborn, but the 4 year old.

[khelus]

Here’s the best part about the 113,000 jobs ‘created.

If you look at table B-1
http://www.bls.gov/news.release/empsit.t17.htm

The non seasonally adjusted number of total non farm jobs was 138,266,000 in December and 135,396,000 in January

That’s a loss of 2,870,000 jobs.

Now add in the guesstimate of net jobs from the Birth and Death model (-307,000)
http://www.bls.gov/web/empsit/cesbd.htm

and

Run the output through seasonal adjustment

Out comes +113,000 jobs.