In response to:

Mish Takes the Most Complete Look at Employment and Unemployment Anywhere

wbursch Wrote: Dec 09, 2012 8:17 AM
98Bravo a spammer, and one with a very liberal mouth, agenda and of course mind. One who has written long documents to spew his garbage, and fill the pages with nothing but rhetoric, lies, old news and distractions from the truth the numbers show today. Incidently you bone head, Nazi was a Progressive Liberal Oraganization,,, I do not know where you came from, but go back and take your Marxist ideas and spin with you. Medicare advantage did not cost 80 billion you factual incorrect idiot. You call conservatives names throughout your general misdirected idealogic driven agenda with claims and facts that are lies, factually incorrect and offensive. Your obviously not responding to any of the factual numbers listed in this article.

Initial Reaction

The establishment report of +146,000 jobs was about what most expected.

However, beneath the surface, this report looks grim.

The household survey shows a loss of 122,000 jobs. The unemployment rate dropped by .2% because the labor force fell by 350,000 and those "not in the labor force" rose by a whopping 542,000.

Thus, we are back to the previous 2012 pattern of witnessing unemployment rate drop largely because of a massive increase of those "not" in the labor force....

Related Tags: Unemployment