Posted on 05/02/2014 10:12:42 AM PDT by Oldeconomybuyer
Funky job reports are not unusual, and the employment data for April certainly fits the bill. How else to explain the biggest gain in hiring in more than two years – at the same time the labor force shrank by the second largest amount in 32 years. --snip--
What’s also odd about the decline in the labor force is how it happened. The number of so-called re-entrants – unemployed workers who have started looking for jobs again – fell by a whopping 417,000. That’s the biggest drop since the government began keeping records in 1967.
Another factor could be the end of extended unemployment benefits on Dec. 31. Many Americans who were getting extra benefits may have stopped looking for work in the spring, as the law requires, once they realized the benefits would not get re-extended by Congress.
Whatever the case, the labor-force decline undercuts the feel-good story posed by the sharp drop in the U.S. unemployment rate to 6.3% from 6.7%, the lowest level since fall 2008. Read: The household survey is insane.
“The unemployment rate fell for the wrong reason,” Stanley said. “We shouldn’t be encouraged by that.”
(Excerpt) Read more at blogs.marketwatch.com ...
It’s because of all those full-time employees being let go and rehired as temps to avoid Obamacare coverage.
Gotta put the fudged numbers somewhere.
I’ve said for quite a while the “29ers” were going to bolster employment stats.
The headline numbers don’t discriminate between full time and part time.
(except for a few very, very specialized types of positions) there still aren’t any jobs out here....
but what can we expect from a bunch of liars in WashDC?
LOL, April DISTRACTION REPORT
288K created ,but 300K go on unemployment every week ? so they are 750K behind
“Another factor could be the end of extended unemployment benefits on Dec. 31”
http://www.johnspeedie.com/healy/Uh_Yeah.mp3
What’s also odd about the decline in the labor force is how it happened. The number of so-called re-entrants – unemployed workers who have started looking for jobs again – fell by a whopping 417,000. That’s the biggest drop since the government began keeping records in 1967.
—
Pretty soon we’ll reach 0% unemployment, but that one guy officially remaining in the labor force is going to be very busy.
When cooking the books you apply the lie to several columns, to avoid the glare of the “error”....
Over 700,000 cannot find a job the past 2 months. Miracle happens, the employment number goes up.
Lie and more lies from the democrats.
Facts don’t matter.
Happy days are here again!
If it’s going to lie, why doesn’t the government say unemployment is zero? Anyone who disagrees gets a free tax audit.
Maybe a lot of people stopped looking for work not only because they weren’t getting paid to pretend, but also because they now had other people paying for their health care, so with us also paying for their houses and their food and their manicures and cable TV and internet and phones, why should they work? Let the saps work for them.
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