Clearly the quick-calc unemployment rate (7.4%) is absolutely meaningless.
The count base for all the BLS figures is greatly understated across the board.
The small number of jobs added simply cannot begin to account for the percentage drop in the quick-calc rate.
None of the other Ux BLS figures are meaningful either, due to the inaccurate count base for all the BLS calculations.
What's meaningful is how many people hold TWO or more jobs and are over-worked!
What's meaningful is that the great majority of jobs added were not full-time jobs that might pay a middleclass wage, but that they were PART-TIME jobs!
Clearly, Obama has done NOTHING to try to improve things for the great majority of Americans .. and if the Repubs in the House want to claim credit for the quick-calc rate drop to their philosophy of just waiting for the economy to take care of itself, well, I wouldn't want to jump on that perspective if I were them.
We need a better statistical gathering and presenting system to accurately show what's really going on in America, how bad things truly are for the great majority of Americans.
If MLB "Money Ball" Sabermetrics were as sloppy as the U.S. Government's Bureau of Labor Statistics and Census Departments are, The Oakland As would still be cellar dwellers.
Really, we would all do well to consult the sports prognosticators and analysts to devise a better method of keeping stats and analyzing them.
Then maybe it would be so much easier to see just how bad off the great majority of Americans still are in the wake of The Greate Recession, the causes of which are still in operation today.