The U.S. added 151,000 jobs in January, weaker than expected and additional fuel for concerns the U.S. economy is slowing down and possibly headed toward a recession.
The headline unemployment rate was 4.9%. Analysts had predicted the economy would generate 190,000 new jobs and that the unemployment rate would hold steady at 5%.
The latest numbers fall short of the December report, which was surprisingly strong in terms of new jobs. But that report was undermined by weak wage growth data, a longstanding problem that has not gone away despite the relatively large numbers of jobs created each month and a headline unemployment rate currently positioned at a seven and a half year low.
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The truth is simple: removing the government stimulus programs and the government mandated health care tax will show that we never came out of recession.
Health care continued to add jobs in January (+37,000), with most of the increase occurring in hospitals (+24,000). Health care has added 470,000 jobs over the past 12 months, with about two-fifths of the growth occurring in hospitals.
David DeGerolamo
Suggested minor correction …
“…will show that we never came out of
recessionDEPRESSION.”While I agree with your assessment of using the “D” word, it appears that economists have a problem defining depression. Unfortunately, people are the ones who suffer the consequences of the power aspirations of our “rulers”.
The Obama Administration is playing the American people for suckers and saps, and they have their whores in the media doing their filthy work.
What We Can Expect If Congress Passes TPP -- YouTube
Keep in mind that medical yields very little in actual production and of course the only way to create true wealth, as opposed to the illusion of it, is with production.
Next remember that roughly 44 cents out of ever dollar government spends is either printed or borrowed. To be frank, I expect it is difficult to tell how much of the borrowed is in reality printed. Imagine the immediate economic effect if government were forced to balance it’s budget via cuts or tax increases. And don’t even get me started on the depth of the fraud of the Federal Reserve.
We have an economy of smoke and mirrors and if nothing else, it is fascinating to watch.
I agree -- when the history books write about what is about to happen they will describe it as a DEPRESSION -- those in the present will be afraid to speak that TRUTH