I looked all over, couldn't find any posting for THIS MORNING'S announcement from the BLS ...
Unemployment rises to 7.9 percent, economy adds 157,000 jobs | The Ticket - Yahoo! NewsOf course, the report is grossly inaccurate, as the number of unemployed didn't rise "from 12.2 million in December to 12.3 million in January", first of all because the report we received this morning from the BLS is mostly for DECEMBER, the second week in December through the first week in January, so it is hugely more accurate to state that the number of unemployed rose "from 12.2 million in NOVEMBER to 12.3 million in DECEMBER", and second because the quick-calc number is grossly inaccurate, the true unemployment rate maintaining around 14% and thus the number of truly unemployed, those who want work and are out of work and would take a job if one were available, is millions higher.The unemployment rate rose from 7.8 in December to 7.9 percent in January, but the economy added 157,000 new jobs last month, according to the U.S. Bureau of Labor Statistics' monthly report released Friday morning.
The report indicates that job gains were seen in retail trade, construction, health care and wholesale trade, while employment edged down in the transportation and warehousing industries.
The additional 157,000 jobs added is less than the 196,000 jobs added in December, according to the revised numbers.
The number of unemployed persons overall rose from 12.2 million in December to 12.3 million in January.
So .. considering that unemployment went up in the month of increased Christmas retail spending, yeah, anyone who thinks we're on the road to recovery is suffering from pot-hole thinking.
The quick-calc unemployment rate went up to 7.9% even while hundreds of thousands more American citizens dropped off the counting radar.
But should we be surprised?
The do-nothing Obama administration and the do-nothing House of Reps are all pretty much doing nothing state-of-emergency heroic to kick out the illegals, stop out- and in- sourcing of our jobs, encourage the return of manufacturing, computer programming, assembly, etc. to America ..
.. And instead are falling all over themselves to see who can be seen as the champion to 20 million trespassers, identity-forgers and jobs/classrooms/other resources stealers who aren't even American citizens.
Remember the revolt mantra "Throw the bums out!"?
Well, I'd like to add "By any means possible!"
D.C. behavior is a crying shame right now.