Yep. Exactly.
From Business Insider:
The Jobs Report just came out and it was very bad.
The 74K new jobs was much worse than the 200K that was expected.
But at the same time, there was a HUGE drop in the unemployment rate, from 7.0% to 6.7%.
There was also a big drop in the Labor Force Participation Rate, which helps the unemployment rate to fall.
So now Janet Yellen has a slightly tricky position. This number does not suggest an economy that’s hitting “escape velocity.” But on the other hand, we’re getting closer to unemployment levels where the Fed might be inclined to tighten. But on the third hand, we don’t know how “clean” that unemployment number is because fo the ongoing decline in Labor Force Participation Rate.
So things just got a bit trickier for Janet Yellen, who now doesn’t have a smooth path out of the current plan.
Read more: http://www.businessinsider.com/things-just-got-trickier-for-janet-yellen-2014-1#ixzz2q0IYD6bC
“But on the other hand, we’re getting closer to unemployment levels where the Fed might be inclined to tighten”
And due to Federal attempted takeover (higher prices-—watch prices rise even further), the smaller number of EMployed will be paying higher and higher to federal program scams, including the Extortion-Care attempt.
The Fed stops buying U.S. debt and interest rates on our debt will go up. Interest rates rise and the economy slows (plus we will have pay a higher debt service payment on the national debt). I do not envy Janet Yellen one bit. She is in the corner, out of paint, and the door is on the far side of the room.
“So things just got a bit trickier for Janet Yellen, who now doesn’t have a smooth path out of the current plan.”
i’m sure ms yellin’s first priority has always been the welfare of americans.
I was thinking the exact same thing this morning; you couldn’t pay me enough to be in her shoes. Who would be DUMB enough to take that job at this point?
She’s going to be a major whipping post...and then she’ll be thrown under the 0bamabus!