Nobody has mentioned the baby boomer retirement beginning yet? Maybe they did and I missed it. "Now this is not the end. It is not even the beginning of the end. but it is, perhaps, the end of the beginning."
It's amazing, discouraging, but ultimately amusing how our biases affect our logic, which factors we exaggerate and which factors we minimize. The more we need to do these, the more verbiage and convoluted explanations. And vice versa. Way to go!
Blah, blah blah............. easy question, do you believe the actual unemployment rate is 8.3%? I don't and I doubt there's anybody else on these boards that does......... it's a farce.
The employment picture in the US today is worlds better than it was in, say, 2009. There's just no question about it. We were not hiring at all in '09 - we are hiring now - and finding it difficult to get people, but that's for another thread. Ditto for most people I personally know running companies.
The answer to that is in the post. I'm not responsible for your lack of reading comprehension. You're obviously more interested in being right than in making money, just like your idol tsing tao. Good luck with that.
No, I read perfectly well.......... But what you fail to comprehend, illustrated by your defense of the BLS reports, is that the official number itself, touted by the MSM, is an attempt to persuade the masses into believing the economy is something it's not. You can put all the spin you want on a pile of fertilizer, in reality it's a pile of horse-crap. Has the job market gotten better, yes. But the picture itself has been diluted and misrepresented in an attempt to help prop up a failing, broken service driven economy without addressing the real issues. Even a dead cat bounces. Until we pull off the proverbial band-aid and expose the situation for what it is, will we able able to actually fix our nation. Reporting and praising an 8.3% unemployment rate when in all actuality it's almost twice that number is just another lace in the boot kicking the can down the road. Someone has to step up with a big set of brass ones and drop the politics to fix this mess. Regretfully, with the current trend of candidates, I don't see that happening by either party in this coming election, which imho is the last chance we have before we tip the scales past the point of saving ourselves.
U6 declined to 15.1%. it was around 16% for most of 2011. so where is the deception? looks like the labor market is improving, slowly but surely