Original Blog Entry: Cooking Books is What Gubments do Best, 321,000 New Jobs My Ass.

JADELottery — Sun, 07 Dec 2014 19:03:44 GMT

http://www.nbcnews.com/business/economy/hold-jobs-report-wasnt-so-great-after-all-n262641

...

A few figures to consider:

That big headline number translated into just 4,000 more working Americans.

There were, at the same time, another 115,000 on the unemployment line.

That disparity can be explained through an expanding labor force, which grew 119,000,

though the participation rate among that group remained at 62.8 percent,

which is just off the year's worst level and around a 36-year low.

But wait, there's more:

The jobs that were created skewed heavily toward lower quality.

Full-time jobs declined by 150,000,

while part-time positions increased by 77,000.

...

And it shows: http://www.marketwatch.com/story/market-to-look-for-evidence-consumer-cheer-turning-to-spending-2014-12-07

People don't spend when they are just, at best, getting by.

Maybe that's why they're hoping the low gas prices will get these low to no wage earners spending.

Keep your money folks, your gonna need it when those schemes come crashing down... most likely on you.

... [ More ]