Posted on 05/08/2015 9:49:35 AM PDT by lowbridge
With the words Unexpected and Surprised along with it.
I know what a 5% unemployment rate feels like and this ain’t it.
If you think inflation is low try grocery shopping for a family. Milk Hamburger, etc are better measures of inflation then the propaganda coming out of the White Hut.
I cannot understand why anyone would give any credence to the government’s reported rate of inflation. According to the feds $9.74 today is equal in buying power to $1.00 in 1950. In 1950 people worked for $1.00 an hour in some areas and managed to support a family without welfare, food stamps etc. How many do you know who can support a family on $9.74 an hour today without assistance? In 1950 $9.74 an hour was an impossible dream that only those at the top expected to ever see in their entire lives. People who earned that kind of money lived in huge and fancy houses, drove new luxury cars, sent their children to fine schools and vacationed in exotic places. People earning half that much lived in a style that a hundred grand a year won’t cover now. Government CPI adjustment figures are pure BS.
Patrick Gillespie: apprentice bootlicker for the man child.
Keep lickin’, Pat! You might work your way up to man-servant someday!
Seriously, if this economy was the environment under Bush, Romney, or ANY Republican, ol’ Patty Boy would be writing screeds of woe.
Hypocrisy. Ad Nauseum.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 6.6 million in April, but is down by 880,000 from a year earlier. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
Over the past 3 months, job gains have averaged 191,000 per month. Lots of jobs.
Wow! And I still got three of those. :)
But they dont report that 1,118,000 jobs were lost in April according to the 4 week rolling average of initial unemployment claims.
Zerohedge reported full time down over 200,000 and part time up well over 400,000.
Also, over 230,000 of those new jobs went to folks 55 and over.
Wall Street Rallies After Strong Jobs Data
U.S. stock indexes ended more than 1 percent higher on Friday after strong jobs data indicated U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve.
U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low, suggesting underlying strength in the economy at the start of the second quarter after growth hit a soft patch in the first.
http://www.foxbusiness.com/markets/2015/05/08/traders-cautious-ahead-april-jobs-report/
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