As one economist put it on Twitter, you know you’re in a recovery when you’re disappointed by a jobs report like this....
115,000. The number of jobs created in April, the lowest initial assessment the Bureau of Labor Statistics has released this year. That’s a disappointing result, keeping the unemployment rate basically unchanged at 8.1 percent—the market for work basically grew enough to meet population growth, but not much more.
15,000. The number of jobs cut by the public sector in April; most of those (11,000) are teachers. We have some 600,000 fewer local and state government employees than we did when Obama took office, despite his administration’s attempts to extend federal aid to cash-strapped local communities. The losses in the heavily female teaching profession are one reason that job losses for women have been high in the past several years, but state budgets are finally starting to look up, so perhaps education will see a rebound.
14.5 percent. The best gauge of unemployment, the “U-6” number measures the percent of workers who are unemployed, forced to work part-time, or have given up on finding a job. It’s holding steady at 14.5 percent, down from 15 percent at the beginning of the year and 17 percent from the heights of the recession. During healthier economic times we saw it hover around 7 or 8 percent.
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THE WORST PART: 132,989,000. The number of private-sector jobs in the country??? Really?
Look closer at that number considering over 100 Million Working Age Americans That Do Not Have jobs.
How many numbers conflict? And how many are indirect government or service jobs?
It is true numbers don't lie, but clearly, reports skew numbers to change our perception of the reality of our situation. It is bad and not getting better.
Haase: The worst number is 1 in 7. That is the ratio of net "job contributing" holders vs children, low income, prisoners, elderly, gov. service, mil, edu. One in every American is carrying the cost for six others who do not contribute to net receipts for the service the require.
It is scariest to me because big numbers people see and are as scared as I am that it is the most unsustainable part of our society. More than the massive debt, healthcare, or military costs.
