Market Watch new reports suggest October jobs blowout is an outlier, Outliar (outright liar) more accurate, Over 1.8 million jobs added since January but 74k fewer white Americans employed
“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014
“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton
“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells
From Market Watch November 9, 2015.
“New reports suggest October jobs blowout is an outlier
The surprisingly large 271,000 increase in U.S. jobs in October is likely to prove an exception and not the new normal, according to a fresh pair of employment indicators.
The Federal Reserve’s gauge of labor-market health and a privately run employment trends index suggest the economy will continue to spit out a steady number of new jobs. Just not at October’s heady pace.
The Fed’s labor index rose to 1.6 in October from 1.3 in September, remaining in positive territory for the 6th straight month.
The index is averaging a much lower 1.5 in 2015, however, compared to 5.4 in 2014, when job growth was considerably stronger. The U.S. has added an average of 206,000 jobs a month this year vs a 15-year high of 260,000 in 2014.”
“So what’s it all mean? The pace of job creation in the near future will probably be closer to 200,000 a month instead of 250,000 to 300,000.”
More like Outliar (outright liar).
The US labor Department has reported jobs added since January 2015 of over 1.8 million.
It also reveals a drop of 74,000 white American employments over the same period.
Are you getting this from the mainstream media?