Laughable.
Garbage journalism from the Associated Press via the Boston Globe.
THIS READS SO MUCH LIKE SOVIET PROPAGANDA:
U.S. employers hired at a stellar pace last month, wages rose by the most in six years, and Americans responded by streaming into the job market to find work.
The Labor Department said Friday that the economy gained a seasonally adjusted 257,000 jobs in January, and added far more in previous months than originally estimated. Businesses added 414,000 jobs in November, the government now says, the most in 17 years. Total job gains in December were also revised higher, to 329,000, up from 252,000.
Average hourly wages, meanwhile, jumped 12 cents to $24.75, the biggest gain since September 2008. In the past year, hourly pay has increased 2.2 percent.
The unemployment rate rose to 5.7 percent from 5.6 percent. But thats not necessarily a bad thing. More Americans began looking for jobs, though not all found work. Their job hunting suggests they are more confident about their prospects.
What happens when the number goes to 0%? Does that mean every one is employed? Just askin.
Cooking the books.
92 Million adults no longer in the work force, income is down, 22 states still have lost net jobs since Barry started, and ..
That doesn’t quite cover this weeks reported new unemployment claims. Add the previous 3 weeks of January new claims and it doesn’t come close......
The CEO of Gallop has labled these employment numbers as “The big lie:
GALLUP: “The Big Lie: 5.6% Unemployment”
Gallup.com ^ | February 3, 2015 | Jim Clifton
Posted on 2/3/2015, 10:10:41 AM by Reverend Saltine
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market. None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.
http://www.freerepublic.com/focus/f-news/3253631/posts
Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People Posted by 4Liberty
Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!
It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.
The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.
Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:
Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!
Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.
“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”
Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.
“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”
It seems so simple now, it’s a wonder no one ever thought of it sooner.
“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.
We agree.
http://www.freerepublic.com/focus/f-news/3151710/posts
We are being grubered.
Lies
Notice the wording!!
“The unemployment rate, meanwhile, edged up to 5.7% from 5.6% as more people entered the labor force in search of work,”
People that are unemployed and are not looking for work because they are disillusioned and gave up ARE NOT COUNTED in unemployment numbers.
I am glad Soviet production quotas have again been exceeded.
The real number is about 5.7% x 2.
According to the A-9 table, the number of multiple job holders jumped by 200,000. That’s where most of those new jobs came from.
Hey, my Wife just landed a Minimum Wage Retail Job after being out of work for three years in her chosen Field in Accounts Receivable / Payable.
Looks like she’s going to get 25 Hours a week. Now I can get that new Ferrari I’ve had my eye on.
Happy Days are here again, the skies above are clear again.
About $25 an hour would put the average salary at about $50,000. Sounds too high.
$25 x 8 hours =$ 200 per day x 5 days= $ 1,000 x 52 weeks = $52,000.
BS, Let me revise that to about 23%.