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    Jobs report — the new definition of “good”

    Jobs report — the new definition of “good”

    The jobs report released today is “good” news compared to what has been.

    165,000 net new jobs were added. That’s good. Approximately 230,000 net new jobs would need to be added just to keep pace with population growth, so we’re still not actually growing the job market relative to population.

    The new “good” still stinks.

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    Midwest Rhino | May 3, 2013 at 3:14 pm

    labor participation at 35 year low

    AND

    total hours worked was lower.

    So, many employers are turning full time workers into part timers. Restaurants and bars are hiring. If you just graduated college you need to make good tips to pay off that worthless degree loan. Try impressing customers with that liberal trash talk you learned from the tenured profs, as you serve Chili’s chimichangas and pick up dirty dishes.

    Don’t fight the fed they say, and the fed is throwing $85 billion/month into the marketplace. They have no choice but to keep screwing the elderly and other savers with negative real interest rates. Some sort of correction or crash will happen, which seems to be the goal.


     
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    BannedbytheGuardian | May 3, 2013 at 8:31 pm

    The dubious news is the continuing the below replacement interest rates are almost Sharia economics.

    It is called walking headlong into the fire but people must have nice things.


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