Everyone is crooning and swaying over the 'great' unemployment numbers released Friday by BLS. Apparently we had a net gain in jobs by 243,000. Wow, a quarter million more people are working than the month before!
Wait...whoa...hmmm... If one looks at the B-1 table, it would appear that we actually LOST over two and a half million jobs, that's 2,689,000 fewer people working. I guess to the gov't, they are just retail schlubs and get swept under the carpet of 'seasonally adjusted'. Wonder if they get unemployment checks when they're not unemployed?
So mathematically, Two Million, Nine Hundred and Thirty Two Thousand people are out of work from December to January. Nice. All Hail the Supreme Leader, Barack Hussein Obama!
http://www.bls.gov/news.release/empsit.t17.htm
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?