According to the BLS, non-farm employment is lower than it was 11 years ago!
The BLS says the unemployment rate dropped the past year. I find that questionable given that it takes roughly 125,000 new jobs a month on average just to hold the unemployment rate steady.
Gallup, also pegs the unemployment rate much higher. Please see Gallup Poll Pegs Unemployment Rate at 10.2%, Underemployment at 19.9%, Same as Last Year for details.
Petroleum usage together with housing, jobs, and consumer credit paints a much different picture about the "recovery" than cheerleaders would have you believe.
Join us on our
Share this page with your friends
on your favorite social network: