Visitors Now: | |
Total Visits: | |
Total Stories: |
by Mike Shedlock
MISH’S Global Economic Trend Analysis
Initial Reaction
The establishment report of +146,000 jobs was about what most expected.
However, beneath the surface, this report looks grim.
The household survey shows a loss of 122,000 jobs. The unemployment rate dropped by .2% because the labor force fell by 350,000 and those “not in the labor force” rose by a whopping 542,000.
Thus, we are back to the previous 2012 pattern of witnessing unemployment rate drop largely because of a massive increase of those “not” in the labor force.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…