Well we will see in the revision for sure. I posted the comment from BLS on weather in another lost in this thread.
I’m sorry but I don’t subscribe to the “Obama is cooking the books”. There are just too many really freaking smart economists, analysts, investors etc that they couldn’t pull it off. Couple it with all the other data (corporate profits, PMI, IP, housing, etc) that has showed a consistent, albeit slow, recovery and the jobs numbers fit. People may not want to hear it but it’s undeniable.
Would agree with slow, not sure how consistent it’s been. And as you have pointed out often, it would be a lot better if government got out of the way.
Year over year February hires are down about 25%. Median income is down 5%. The average hours worked declined again in February. Record numbers on food stamps and SSID. Record low numbers of Americans working. Yes corporate profits and the markets are up but at whose expense? Americas savers. The Fed props up the market and corporate profits with near zero interest rates and screws Americas savers with their near zero interest rates. You see this all as a slow but steady rise toward prosperity. I see it as a freaking disaster happening in slow motion. How could we see it so differently?