When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, April 12, 2013

Jobless rate 7.6%, just 88K new jobs

Jobless rate falls to 7.6%, just 88K new jobs--the money quotes--

"The unemployment rate fell to 7.6% from 7.7%, largely because 496,000 Americans stopped working or looking for work, thus leaving the labor force, the Labor Department said Friday in its monthly employment report. The portion of Americans in the labor force fell from 65.5% to 65.3% — lowest since 1979."

If only we could get everyone to drop out of the labor force--then the unemployment rate would be 0%.

 "But Patrick O'Keefe, a former deputy assistant secretary at the Labor Department, says the rise in the workweek and number of temporary employees likely underscores growing reluctance by employers to commit to new full-time workers." (because of Obamacare)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects