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You're seeing intelligent people who understand the entire federal government is corrupt and produces propaganda just like the former USSR - everything is a lie.
I don't think parroting "I don't believe it" is a very intelligent argument. Far from it.
It seems like they are revised up most of the time. November was revised up by over 30 000, and October nearly 20 000. That's 50K upward revision in two months. Why do you ignore it ?
Preach it brother, it's ALL good news!
President Obama should guide this country for life because he, dear leader that he is, saved us!
The total number of employed Americans increased by 111,000, while the actual size of the labor force declined by 273,000.
It's a miracle, it's like global warming! Less people working in the work force means less people are working which means employment is up!
Quote:
"Will this year be remembered as the time when Americans finally started to feel like the recovery was having a meaningful impact on their lives? On this front the December jobs report was disappointing," Joseph Lake, U.S. analyst for the Economist Intelligence Unit, said in a statement.
Schofield called the wage numbers "disconcerting" because the bulk of wage decreases came in nonsupervisory workers.
Less people working for even less money (wages are going down) means it's all good news on the inflation front!
Agreed. Though I believe as unemployment continues to go down that wages will start to increase at a higher clip.
I'm not convinced of that. US workers must compete in a global economy where labor is paid far less than it is here. It is hard to see that anything outside of the service sector is going to see much improvement. A minimum wage hike would help as it would raise all boats. I doubt that the congress would pass that but many states are taking action. Even then, the outlook is pretty murky and the risk of deflation is looming larger. Not good news for those outside the investor class.
Free markets will set the wages. When companies get to a point where they have to compete for quality workers, they will start offering more.
Yup - and you will start to see that THIS YEAR. I've said all along that once the UE rate drops down to more normal levels (ie somewhere under 6%) competition for workers would start to raise wages.
Ken
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