[GilGil]

When I heard the Fed was not raising rates, I immediately thought this was odd because unemployment is so low. Whenever unemployment has been low rates have always gone up. Then there is the question why 60 million are on food stamps when unemployment is so low. Or why the participation rate has sunk to 93 million; or here is another one for you. 6 years ago 157 million people were working. Today that figure is 130 million are working and many of those are part time. Where did the 27 million go? Could this be why the Fed is not raising rates?

[SaveFerris]

Unemployment is not low. What it means is that new people applying for unemployment is down slightly because others have given up or their benefits have already run out.

It’s just like how BLS lies with statistics.

The participation rate and food stamps tell you more of the truth than the ridiculous unemployment smoke and mirror.

[Bon mots]

Unemployment is not low. That is a lie.
We are down some 5 million jobs from when Obama won his first election - in a growing population.

The total number of jobs in America today is now over 4 million fewer than when Bush was last in office.

How is unemployment ‘lower’?

[Hugin]

I’ve been saying all along, QE is permanent. Both parties want it. The only other alternatives for dealing with debt are massive cuts in spending, massive tax increases, or both. Either is political suicide. So it’s outright default or QE. And since QE doesn’t require the pols to do anything at all and most voters aren’t even aware of it, it’s the perfect solution as far as the party hacks are concerned.