Three Important Observations On U.S Employment

Another Fraudulent Jobs Report

"I cannot think of one thing in the areas of foreign and domestic policy that the US government has told the truth about in the 21st century. Just as Saddam Hussein had no weapons of mass destruction, Iran has no nukes, Assad did not use chemical weapons, and Putin did not invade and annex Crimea, the jobs numbers are fraudulent, the unemployment rate is deceptive, the inflation measures are understated, and the GDP growth rate is overstated. We live in a matrix of total lies. The fact that most Americans can function at all is the amazing dynamic."

http://www.paulcraigroberts.org/2014/04/05/another-fraudulent-jobs-report-paul-craig-roberts/

Unbelievable Jobs Trend, Depression, and Bernanke's Legacy

"A couple of things struck me about today’s jobs report. One was the regularity of the straight line trend in non farm payrolls. I mean, even casual observers know that markets and the economy move in trends, (which are your friends) but come on! This steady state 1.6% annual gain for the past 4 years is a bit ridiculous, even for a normally credulous guy like me ;) who is willing to believe almost any statistic the government publishes.

but now… NOW… they have just gone too far.

http://wallstreetexaminer.com/2014/04/unbelievable-jobs-trend-depression-bernankes-legacy/

A Chronic Sickness Inside the US Labor Market

Today’s jobs report is once again a testament to the malady of the US labor market. While the total number of people employed increased by a seemingly impressive half a million, a whopping 83% of those job gains came from temporary workers. Note that the half a million job gains is derived from the household survey of the US jobs market, which covers more of the labor market than the non-farm payrolls. It is also this enigmatic household survey that generates the national unemployment rate.

The US labor market is sick. More than five years after the failure of Lehman Brothers, the number of full time employed workers in the US is still 4 million less than in December of 2007.

http://www.forbes.com/sites/larrymcdonald/2014/04/04/the-chronic-sickness-of-the-us-labor-market/