Can someone find for me just one, ONE, of these genius economists who believe that progress is being made when layoffs are constantly, perenially, higher than new hires? Layoffs have been between 300 and 400 K / month for years but new hires have held in the 100K zone for less than that. The numbers are misrepresented by Obamafan propagandists, trying to “talk a good story” and there is just no other real explanation for this commiekrap.
This is incorrect. You have the claims number correct but you have substituted the 164K (last 12 month average) for "new hires". The 160K is NET jobs added (additions less subtractions) not gross (just additions).