Posted on 03/07/2015 7:02:02 AM PST by TurboZamboni
NEW YORK (CNNMoney/WIBW) -- There is good news, but there are still serious concerns because only 123,000 of those jobs were full time. Analysis will be found at the bottom of the story and in attached government reports. Officials claim that the U.S. economy added 295,000 jobs in February, which crushed expectations. That beat the estimate from CNNMoney's survey of economists, who predicted 235,000 job gains.
(Excerpt) Read more at wibw.com ...
Yes, and those jobs pay about half to a third of previous jobs did.
I know, lets import more uneducated third world “coolies” to drive wages down even further. Their home countries will thank what’s left of the middle class here for their sacrifice.
Unemployment cannot be lower if joblessness has risen to an all time high - but we’re not supposed to notice such an obvious inconsistency. Cooked books mask ugly truths from examination and correction, and ultimately lead to disaster. Maybe not tomorrow or next month or next year, but disaster is coming.
93.7 million Americans are now not, in the jobs market.
That increases month after month, after month.
http://www.bls.gov/news.release/empsit.t16.htm
“Doublethink means the power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them.”
― George Orwell, 1984
― George Orwell, 1984
That increases month after month, after month.
************
So does our astronomical national debt and unsustainable growth of unfunded liabilities. But nobody seems to care. They hope the collapse won’t happen on their watch.
To paraphrase Bill Clinton, it all depends on what the meaning of the word ‘unemployment’ is.
They keep counting things like dog walking and babysitting as full time jobs to reach those numbers though. I don’t believe a damn thing the MSM says anymore. I just always assume the opposite and it usually turns out to be truth...
Instead of numbers of “jobs added”, the statistic reported should number of hours worked per week along with an indication of the pay rate for those hours.
Using the method they use to calculate the unemployment number, if the entire country were unemployed for more than 99 weeks, the unemployment rate would be 0% !
Oh, the humanity!
Nowhere in the article does it mention the 92 million employable Americans out of work, nor the fact that a very high percentage of that jobs "gusher" went to immigrants.
Why clutter up the narrative with facts?
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