Surprisingly Strong Jobs Numbers Aren’t Real

 

 

At first blush the jobs report released by the Bureau of Labor Statistics on Friday looked pretty good, catching establishment economists off-guard by about 80,000 new jobs. Instead of the 160,000 new jobs expected in February, the BLS reported 236,000, which pushed down the unemployment rate to 7.7 percent. This came on top of a drop in claims for unemployment insurance as well, with the four-week moving average of 348,750 new claims declining to the lowest level since March 2008.

Some saw the numbers as exposing as overwrought claims by President Obama and Fed Chairman Bernanke that the sequester cuts would cost the economy some 750,000 jobs. John Crudele, writing in the New York Post, considered these happy numbers as a “blow to the area below Obama’s gut. It’s hard to rev up fear in people about the job market when they’ve just heard that things may be getting better.”

Not so fast. Though the administration has deceptively fanned the flames of fear regarding the sequester cuts, it must also be kept in mind that the job numbers now in the news do not tell the whole story.

TO READ THE FULL ARTICLE, PLEASE CLICK THE FOLLOWING LINK: http://www.thenewamerican.com/economy/sectors/item/14731-friday-s-surprisingly-strong-jobs-numbers-aren-t-real

Advertisements

About sswimp

I am not an "African-American'. I am a proud American, who happens to be of African descent. I am Christian. My personal relationship with Jesus Christ and the Word of God shapes my concepts of what it means to be a conservative. I am Pro Life. Devoted to the principles of free enterprise, limited government,and individual responsibility. I believe in the sanctity of marriage between a man and woman.
This entry was posted in Uncategorized and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s