Bond market is taking a mulligan on this number. Too much noise in it to draw any conclusions you hadn’t already drawn.
bttt
have no fear our brave corrupt biased media have said that they embarrassed themselves enough in Egypt with their one sided coverage and bias and now will only report facts
yea right.
maybe it’s time to protest outside their HQ’s and demand for once the media and press do their jobs and report facts and stop covering for their messiah in the white house.
And they want us to believe that unemployment fell to 9%...
so the unemployment number went down because a million people in the last month quit looking for work.
and the Obama admin will tout the 9%...
amazing.
The civilian labor force declined from 153,690,000 to 153,186,000
A change of 504,000.
So the number of people available/looking for work dropped by more than half a million. No wonder the unemployment “went down”—the pool got smaller.
Obamanomics is a failure.
Here is the Article I linked to.
This economy was headed downhill before Zero got into offie. The two years with Mother Pelosi leading from 2007 to 2009 did not help. The housing bubble started before 2006. The downward trends started decades ago. We are finally at the end of the Reagan economic recovery. Obama is owned by people more powerful than him. He's a narcissist they found to be their public face. He thinks he's in charge and is their useful idiots. You are correct, he does hate America and his policies are bad.
But damn, not everything that is wrong is ALL his fault!
Is the GOP House caving in and increasing the national debt limit Obama's fault? No. What do those guys know? Who has talked to them. It is irrational to be so deep in debt and say it is "responsible" to go deeper in debt.
What do they know? Who's gotten to them? Are they willingly in on destroying America as well?
No real surprises here: inconsistent and fudged numbers. The real problem of course is that no one in their right mind is going to invest in U.S. economic growth as long as neo-Marxists are in charge of the economy.
Everyone is hunkering down, waiting for the “redistributors” to be tossed out. In the mean time, all the liquidity being injected into the financial system by the Federal Reserve Bank and the U.S. Treasury Department simply sloshes around amongst the elite as they “invest” it in massive bubbles in the stock market and in agricultural and industrial commodities, thereby driving food and energy costs through the ceiling for the rest of us poor shlumps. Hey, that’s Obammunism at work for you, folks!
BTW, the non-seasonally adjusted U-6 unemployment rate surged from16.6% to 17.3% last month. This is the true unemployment rate because it includes those who have given up looking for work and those who are underemployed, neither of which are included in the rate always quoted by the neo-Marxist press.