The job numbers are not as bad as they look...

[Jack Bloem]

7. They're not as bad, they are actually worse.

Great speech last night as usual. The 8.1% represents the U3 series of unemployment numbers. The U6 series that takes into account underemployed and people who have just stopped looking for work is now around 14%.

http://www.bls.gov/news.release/empsit.t15.htm

This is the worst level of labor participation since 1981.

http://finance.yahoo.com/blogs/daily-ticker/jobs-data-disconnect-consumer-spending-markets-disconnect-reality-142739044.html

I looked on Wikipedia today for unemployment. It is a fascinating read for those who love economics. Great quotes in their by Marx. Perhaps, unemployment spikes are simply the nature of the beast in a capitalistic society. That said, I'm worried.

I'm still waiting for the politician who will fall on their sword for this country and tells us the truth that we have to both CUT spending and RAISE taxes for us all, lest we are going to go the way of Greece soon enough...

http://www.tradeonlytoday.com/home/521586-cbo-report-warns-of-possible-recession-in-2013