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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