http://www.bls.gov/news.release/empsit.nr0.htm
Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.
Why did the those "Not in Labor Force" climb by an amazing 1,177,000?
Shadowstats: Alternate Unemployment Charts
Monday 7th February, Edit: Mike Shedlock is all over this:
Fewer Nonfarm Employees Now Than December 2000;
There are currently 132,409,000 nonfarm employees. In December of 2000 there were 132,481,000 employees. How's that for job growth?
It is all dodgy as hell.
ReplyDeleteAnd I doubt the dodginess stops in the USA.
Took this vid from another blog, worth a look:
"Biderman's Daily Edge 2/3/2012: Is BLS Data Skewed?"
http://www.youtube.com/watch?v=bCA8tR99ORA
So you're another conspiracy nutjob. Never let the facts get in the way of your tin foil hat right?
ReplyDeleteThe BLS data has been adequately explained by anyone caring to look -- including by the BLS themselves who alerted ahead of time that this would happen, as it does every 5 years due to the census. A simple google search would find any number of detailed explanations.
Let me guess, the government is rigging everything, hyperinflation is around the corner, gold is the only true money. You conspiracy whack jobs are so predictable.
Mr Anon,
ReplyDeleteI'm a nut job.
5 years to today:
Gold return +91% (in Australian dollars)
Cash @ 5% returned 28%
ASX200 -28% (Helooooo Loser)
All Ordinaries -27% (ticketyboo)
You equity bull fuckheads need an instant 75% to catch captain cash.
I welcome losers to comment. Please do.
Jesse