Today's jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs - not nearly enough to keep up with population growth - and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President's immigration plan will only make things dramatically worse - and no amount of 'promise zones' will be a sufficient remedy for the millions of displaced workers..
We must help people move off of welfare, off of unemployment, and into good-paying jobs that can support a family. More tax, spend, borrow and regulate will only produce more joblessness, dependency and debt. Instead, we need more American energy, streamlined taxes and regulations, a leaner and less wasteful government, better trade and immigration enforcement, and a reformed welfare system that helps struggling Americans realize the dream of financial independence.
OF THE
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and like the recent 'recalendarization' by the Census Bureau for the improved retail sales numbers this morning:
"How is it possible that December retail sales according to the US government were better than expected, when every retailer has posted abysmal results? Well it seems the Census Bureau merely engaged in some recalendarization, with November numbers all revised substantially lower: headline down from 0.7% to 0.4%, ex autos 0.4% to 0.1%, and ex autos and gas from 0.6% to 0.3%. In other words, a complete wash with today's "beat." So when netting away the calendar effect of an early start to the holiday season, perhaps the only value added data in the retail sales report was the data involving Electronics and Appliance Stores.They posted the biggest 2 month drop in 2 years!"
www.zerohedge.com/news/2014-01-14/december-retail-sales-beat-due-november-revision-lower-electronics-sales-tumble
Seems you can fool most all of the people all the time... just not forever, but then that's why the rug gets pulled out and bank's have holiday's, wars never end and the numbers always tell us what we want to hear.... Mirror, mirror on the wall...