In response to:

Mish Takes the Most Complete Look at Employment and Unemployment Anywhere

wbursch Wrote: Dec 09, 2012 8:32 AM
Lets see. Four times the previous deficite record. pork barrel spending beyond belief. All children owing $40,000 if they are four years old in debt for schools that will teach people the same garbage you spew. Federal bailouts of banks, states, cities, wall street, european banks and countries, unions, ObamaCare, Medicaid, etc... Obama is the collectivist, and he is a Progressive Liberal Democrat, you idiot. You assign what Obama does to the Conservatives. Do you have a clue about anything you talk about.

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