The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Friday, May 06, 2011
April Jobs and Unemployment
The BLS reported that the economy added 244,000 jobs. Wow! Great number until you do a little math. Like, exclude the 62,000 from McDonalds and the Birth/Death Rate Adjustment of 175,000, which is totally a blue-sky number. Thus, according to the math, we added, in real paying jobs, only 7,000, not 244,000! Oh, the unemployment rate is back up to 9%. Also, the Labor Participation Rate is at a 25-year low of 64.2% for the third straight month.
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