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Name:
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CRD
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Subject:
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Humm..BLS Report
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Date:
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5/3/2013 12:20:17 PM
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Archie, Archie, Archie.......must be time for you to go buy some APL at 450$/share, or Google at 800$! Be my guest, but first let me try to introduce a flavor of reality to your post:
Labor Participation Rate stays at 63.3%, lowest since 1979. Unemployment rate has changed 0.4% since January! 11.7 Million unemployed. No change since March Construction labor down 6000, Goods producing jobs down 9000, manufacturing flat, mining down, yet retail, bars restaurants and tempory jobs increasing. Do you consider this trend important in building a solid economy or a third world country. Loss of work week hours - 0.2 /week. With the current employment rate, this translates to firing 700,000 people. The pre Obamacare hiring trends are starting to click in. Cut back hours to part time in order to save on health insurance costs. How Archie, is the creation of a measly 165K jobs, ( when you consider 170K just keeps us even with death and retirement) with only 63% participation and most of that increase being the part time category, going to help erase the multi TRILLION dollar deficit? At this rate of growth, and I can give you the non partisan reference for this number, it will take 7 years 10 months just to get to pre-recession employment. Add to that, the stock market is at nosebleed altitude, based solely on printed money. Your level of optimism is not shared by many who read a little more into the BLS figures.
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