Labor Report Review

Despite economists' expectations that the unemployment rate would climb well into the economic recovery, the percentage of unemployed, job-seeking Americans fell 0.3 percentage point in January to 9.7 percent, its lowest point since August 9.7%

Who are they kidding - 9.7%? MOPE only works if you do not investigate.

Job Creation Histogram (JCH): Net Nonfarm Payrolls Added/(Lost) less Civilian Labor Force Added/(Lost), 12 Month Average:

The jobs creation histogram reveals the BS factor. Obviously, the data has been revised. Check out shadowstats for an explanation. Laziness at the keyboard does not imply a personal affiliation with them.

9.7% more like north of 20%. That's slightly greater than 1 in 5 without a job. Thus, the Administration's talk of another job stimulus bill.

Civilian Unemployment Rate:

Source: bls.gov
Source: shadowstats.com
Source: finance.yahoo.com