How can you add only 74,000 jobs in a month and still have the unemployment number go down to 6.7%? Doesn’t make sense.
And how can you ask for an extension in the unemployment money if unemployment is only 6.7%? Doesn’t make sense.
But that’s what the American people are expected to believe with the information given us from the Bureau of Labor and Statistics, aka BS Dept.
I guess you could say, as the media always does, that all this is “unexpected.” The rate “unexpectedly” went down and the prophecy of 197,000 jobs added “unexpectedly” turned out to be 74,000. This, according to ZeroHedge, makes the “biggest miss since December 2009. The drop from last month’s revised 226K was the largest since December 2010. The good news: the unemployment rate plunged… For all the wrong reasons. As a reason for the plunge the BLS says there was a major weather effect seen on the forced part-time series, and notes the decline in healthcare which is rare and part of the sector slowing. Thank you Obamacare.”
Weather is the lamest excuse for poor performance. Doesn’t stop the administration or the media from promoting it, though.