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

Saturday, March 8, 2014

Unemployment and the Economy, Where Are We REALLY?

Short answer: anemic

The population rose by over 2 million, but the labor force fell by over 200,000. People dropping out of the work force accounts for much of the declining unemployment rate. (source infra)

Mish's Global Economic Trend Analysis: Nonfarm Payrolls +175,000, Household Survey +42,000; Unemployment Rate 6.7%: "Beneath the surface, things look worse again. The household survey shows a gain of employment of only 42,000 while unemployment rose by 223,000." (read more at the link above)

What a stinking recovery!


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects