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 Saints Fan Member since Mar 2009 27727 posts Online
re: CBS Orgasmic Report on the Jobs Numbers(Posted 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).