Posted on 05/02/2014 1:55:35 PM PDT by Oldeconomybuyer
U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year.
The brightening outlook was, however, tempered somewhat by a sharp increase in the number of people dropping out of the labor force, which pushed the unemployment rate to a 5-1/2 year low of 6.3 percent. Wage growth also was stagnant.
About 806,000 people dropped out of the labor force in April, unwinding the previous months' gains. That helped to push down the unemployment rate 0.4 percentage point to its lowest level since in September 2008.
(Excerpt) Read more at reuters.com ...
Last week, over 300,000 NEW UNEMPLOYMENT CLAIMS were filed and that figure remains constant nearly every week. Please explain to me how creating 200,000 jobs in a month helps.
All of their statistics are a joke. The unemployment rate may well be at least triple of their 6.6 figure.
Someone please stop the madness here!!!
It would be so much easier for them if Bush was in there. Then they could scream and shout their negative headlines and not have to tell us it was sunny and mild during the daily sh*tstorm.
What job growth? More persons LOST jobs, some perhaps for the remainder of their lives, than started on a new career path.
In any given period of time, there will be people who are lost from the labor market through attrition (death, disability, retirement, workplace obsolescence), but through normal growth of the overall economy, the new arrivals to the job market will actually swell the total numbers and the overall percentage of the potential workforce employed in relation to the total population.
There is no normal growth of the economy right now. Whatever artificial “growth” that is taking place that is attributed to the transformation of the health services distribution system is more on the order of a cancerous tumor, eating into and destroying the host. True generation of new wealth, through the conversion of resources by the extraction of raw materials from the earth, refining or molding it into useful products through industrial activity, and the final distribution to the point of consumption, are the measures of wealth creation, from which all the other benefits flow. Cut off that wealth creation, and the whole corporate structure begins to wither and die.
Decivilization is just one of the probable outcomes when that occurs. Economic and moral collapse has happened before in history, and is very close to happening once again.
Dystopia is not a pretty country.
The 800,000 dropping out of the work force is the scary number. The other two numbers are pretty normal for this kind of craptacular economy, The dems will be hailing the 200k new jobs number as the beginning of the next summer of jobs, but those same people would blast that number under a Republican administration.
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