Jobs Report Has More Bad News Than Good News

CNBC ^ | May 6 2011 | Jeff Cox

[goods]

There was more bad news than met the eye to Friday’s jobs report, even beyond the bump up in the unemployment rate.

While the top-line number of 244,000 jobs created sounded great when it came off the tape, the internals were somewhat weaker. In particular, the household survey, which is an actual head count, suggested that the job creation barely kept up with the expansion of the labor force.

[Perdogg]

http://www.freerepublic.com/focus/f-news/2716246/posts

[mylife]

Unexpected!

[TheOldLady]

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[JerseyHighlander]

As per usual policy, the BLS won’t correct the seasonally adjusted birth/death model calculation until some time in late Q1 2012.

The nepotism interns or alcoholic clowns at CNBC originally reported that the McDonald’s hiring was part of this months report, and only later made the correction that this hiring fair was not part of this months numbers.

Wait until the correction for late reporting in a week, then again until March 2012 to get the numbers written into history books for this month’s report.

[familyop]

"In particular, the household survey, which is an actual head count, suggested that the job creation barely kept up with the expansion of the labor force."

It was that good for those who don't know the difference between a week and a month.

[vetvetdoug]

Just about everything coming from the White House and D.C. is quick chalked to make this administration look like its making inroads bettering the economy. Since the MSM is in the pocket of Obama and the Democrats, the public isn't going to get the flat truth until the economy goes belly up and even then the WH & MSM won't admit it.

[vetvetdoug]

Just about everything coming from the White House and D.C. is quick chalked to make this administration look like its making inroads bettering the economy. Since the MSM is in the pocket of Obama and the Democrats, the public isn't going to get the flat truth until the economy goes belly up and even then the WH & MSM won't admit it.