In response to:

Mish Takes the Most Complete Look at Employment and Unemployment Anywhere

wbursch Wrote: Dec 09, 2012 8:42 AM
One thing confuses 98Bravo, and that is the truth of any kind. The entire group of people that are associated with you, have an IQ lower then that of my little sister. While she is smart, she is not smart enough to be both dead and vote for people, like the dead Democrats that keep voting in people like Obama. Amazing, and suspect they are the smart ones among you.

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