A look at the numbers:
236 thousand “new” jobs.
But, 125 thousand folks OUT of work force in round numbers.
And 60 thousand downward revision from last month.
Yes, fantasy, and BS.
Barry needs a bump in the polls.
The Ministry of Plenty is here to help.
Anybody know what the work force participation rate is in this report?
Never mind. I see it now.
Fantasy and BS? You know it, I know it and everyone here on FR knows it. However, the low-information voter only knows and believes what the MSM and the administration feeds them. And they now outnumber us...
One more thought: Obama and the alchemists at the BLS know what’s coming down the road; the military is preparing to get rid of at least 220,000 service members—possibly more—by 2015, with most of the cuts coming in the Army and the Marine Corps. Most of those leaving will move onto the civilian unemployment rolls (many don’t realize that unemployment payments is a multi-billion dollar line item for the Pentagon each year).
On top of that, Obama’s budget cuts and sequestration will eliminate upwards of 700,000 defense contracting jobs in places like VA and CA. I heard yesterday that the first round of pink slips just went out at places like Newport News Shipbuilding in Virginia. Those numbers will surge in the coming months.
The “numbers” plan is simple. Drive the unemployment rate as low as possible before the sequestration effects arrive. Barry and his advisers know that low information voters will tolerate an unemployment rate below 8 percent (the “new normal”). But anything above 8% is a danger zone. Wouldn’t surprise me to see UE drop to around 7.1-7.2% by early summer, with the full expectation that defense cuts will push it back to around 8% by later this year.