So the way the headline reads, government economists were “surprised” again...
Ever wonder why the job report are not released together for jobs gained and jobs lost for the month? or am I all wet?
How convenient. They didn’t include givernment jobs in this report, as they did in the past.
Further, 204,000 is a long way off full employment as a percentage of “the available” workforce.
The sink hole still exist, in that adding some 350,000 jobs a month is required to keep up with new entrants into the job market.
So there are plenty of college grads still unable to find gainful employment, much less return those who lost their jobs to equivalent paying positions.
I note the report says we won’t return to full employment until 2016.
Hmmm...yeah? Many economists and financial forcasters see another downturn in the economy and are waiting for that shoe to drop.
We still sit at, supposedly, a GDP growth rate of a miserly 1.5%, if givernment figures are to be believed.
How much job loss will there be at zero or negative growth, if Europe and China get sick?
China’s economy is currently contracting and Europe has issues on the horizon.
Unicorns and skittles...
Economist sounds like it’s a job as risk-free as a meteorologist.
‘Oops! I was wrong again by a wide margin! Oh well, let’s go have a drink!’
Ever since Obama was installed the projected estimates have always come up short and the news just shrugs it off like no big deal...