The real unemployment rate is definitely 11.3%. Higher when you factor in all those underemployed and/or unable to qualify for benefits any longer. Wouldn't it be nice to have mainstream media report the factual numbers? Sort of puts us all 'between a Barack and a hard place' when they do not.
Jeff Thredgold:
"March employment gains were less than expected, less than exciting, less than worth writing home about and will again pose the question of whether U.S. job creation is about to slow as summer months approach. Such a pattern occurred during the past two years.
The American economy added 120,000 net new jobs during March, sharply below the consensus view of 205,000 net new jobs. The gain was the smallest in five months and was less than half the average gain of the three prior months. In addition, previously reported job gains during January and February were revised higher by only 4,000 jobs, breaking a pattern of sizable upward revisions to prior data that had largely been in place for some time....." (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
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