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Mish Takes the Most Complete Look at Employment and Unemployment Anywhere

wbursch Wrote: Dec 09, 2012 8:35 AM
Never heard a Republican member say such garbage as they want child labor to be abusive. Your a liar and that puts nothing but garbage to make this hard for anyone else to make a comment. Shame on you. Your just one more Obama worshipper who knows nothing but lies, deceptions and ignorance. You once again, are suggesting the Nazi Party is not that of the Liberal sector, but, you once again have that backwards. Some people cannot find their heads it is so far up their ...

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