Da Sheik LSU Fan Luckenbach, TX Member since Sep 2007 3436 posts Online
CBS Orgasmic Report on the Jobs NumbersPosted by Da Sheik on 2/1/13 at 5:43 pm
Pravda at work again. "The Dow hit 14,000 today due to the jobs report of an additional 152,000 jobs added." But for some reason the fact that 170,000 people dropped out of the labor force which led to the unemployment rate ticking up was omitted.
GumboPot LSU Fan An original Trumpkin Member since Mar 2009 39762 posts
re: CBS Orgasmic Report on the Jobs NumbersPosted by GumboPot on 2/1/13 at 7:54 pm to LSU2001
quote: I would say that the "Jobs Report" would be a lagging indicator. With the contraction of GDP announced yesterday if it continues to contract then we will start seeing the unemployment spike.
That would be quite amazing giving the fact that an economy can only go so low. At some point, even with the economically inept leader we have now, the economy the size of America will come back (despite the people in the White House).