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No jobs, no economy, no prospects for peace or life in US

on March 10, 2014

GulfDogs

Over the decades various US administrations, seeking to improve their economic record, monkeyed with economic statistics to the point that the statistics are no longer meaningful.

According to Friday’s (March 7) payroll jobs report, the US economy created 175,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price.

Even if 175,000 jobs were created in February–remember now, February was a cold month whose low temperatures are used to explain poor housing and retail sales performance, yet somehow created 40,000 more jobs than needed to keep up with population growth–that is an insufficient amount to drop the unemployment rate.

To see how screwed up US economic statistics are, consider the reported unemployment rate (U.3) of 6.7 percent in comparison with the fact that there are about 6 million Americans who have been unable to find a job…

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