Friday, February 3, 2012

Propaganda continues as part time jobs make up large portion of today's job report

When an economy is bad, one usually has to dredge the bottom of the barrel to find statistics they can refinish and make look like good ones.  That appears to be the case with today's jobs report as not only did 1.2 million Americans fall off the benefits roll to no longer be considered... well, alive to the government, but it now appears that the propaganda of a new 8.3% unemployment rate is made up of record levels of part time workers.

In January, the number of Part Time workers rose by 699K, the most ever, from 27,040K to 27,739K, the third highest number in the history of this series. How about Full time jobs? They went from 113,765 to 113,845. An 80K increase. So the epic January number of 141.6 million employed, which rose by 847K at the headline level: only about 10 % of that was full time jobs: - Zerohedge


Chart courtesy of Zerohedge
Sadly, the administration is becoming like the former ruler of North Korea, who once declared he shot an incredible 38 under par back in the day, and like the government controlled propaganda of the Asian axis of evil, the BLS is now moving into the realm of Ripley's Believe It or Not.

0 comments:

Post a Comment