Monday, February 10, 2014

Bad Jobs Report, Obama New Normal

RealClearMarkets - The Bad Jobs Report Is Just Obama's 'New Normal': "There was considerable weeping and gnashing of teeth over the December "Employment Situation" report released by the BLS  . . . Analysts were expecting 200,000 new payroll jobs, but they got only 74,000. Some called the "bad" unemployment report a "statistical anomaly." A quick look at the BLS Household Survey showed that, rather than being bad, December was actually a better-than-average month in President Obama's "new normal" economy. This is not a huge accomplishment, given that "Obama's new normal" comprises slow GDP growth, a stagnant jobs market, and falling real household incomes...."

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New Normal - Google News