288,000 jobs created in April in US!!
I think there i a chance in October this year the big rotten pawpaw hit the Fan!!:shtf -Perhaps next year October but this cant keep going on indefinitely!.
The real story:
http://www.nytimes.com/2014/05/05/u...on=Footer&module=MoreInSection&pgtype=article
I think there i a chance in October this year the big rotten pawpaw hit the Fan!!:shtf -Perhaps next year October but this cant keep going on indefinitely!.
The real story:
- The number of people in the labor force fell by a whopping 806,000, wiping out the February and March gains and a bit of January as well.
- The labor force participation rate fell by 0.4 percentage points to 62.8 percent, returning to its December level
- And the number of people reporting they were unemployed fell by 733,000, which sounds good on its surface, but paired with the similar-sized decline in the labor force points to job seekers giving up looking rather than finding new employment.
- Average hourly wages for American workers held steady at $24.31 last month. They have increased just 1.9 percent over the previous 12 months. But after adjusting for inflation, real wages have increased by something like 0.5 percent.
- The Fed’s favorite inflation index rose just 1.1 percent in the 12 months that ended March 31
- When only 48 percent of American adults held full-time jobs in April, the important question is what share of the rest were prevented by the weak economy from finding full-time work.
http://www.nytimes.com/2014/05/05/u...on=Footer&module=MoreInSection&pgtype=article