Friday, May 8, 2015

Unemplyment rate falls to 5.4% as economy creates 437,000 part time jobs, and ignores 93 million uncounted unemployed

The government propaganda machine was in full swing on May 8 as the Bureau of Labor Statistics (BLS) announced their newest job numbers report that showed a decline in the unemployment rate down to 5.4%.  In fact, the job numbers report missed analyst expectations by 5,000 with a print of 223,000 new jobs compared to a forecast of 228,000, with the most important indicator showing that of these new jobs created, 447,000 were part time positions while 252,000 full time jobs were removed from the economy.
And as has become the norm, the number of Americans not counted by the BLS rose to an all-time high of 93,194,000, which if included would show the unemployment rate over 24%.


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