U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls.
Smaller than expected this, better than expected that - this is how the world is suppose to look. Ask no questions, and look no further. This is why propaganda works.
When the Job Creation Histogram (JCH) falls below 0, the economy is failing to meet the job demands of a changing labor force. For example, the economy is not creating enough jobs, or is losing jobs too quickly. The JCH not only has been below zero since 2007 it also produced the largest decline on record in 2009.06.
Smaller than than expected this, better than expected that will do little to reverse the labor trends in place and the pressures facing the average working household.
Job Creation Histogram (JCH): Net Nonfarm Payrolls Added/(Lost) less Civilian Labor Force Added/(Lost), 12 Month Average:
Source: finance.yahoo.com
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