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Establishment +233K Jobs; Household +192K Employment, Part-Time Employment +198K, Labor Force +166K Initial Reaction Today we see a snap back from last month’s report on both establishment jobs and household survey employment. Last month the household survey came in at an anemic 34,000. This month it is 192,000.
ZeroHedge claims No Country For Young Workers: Only Americans 55 And Older Found Jobs In March . We first showed back in October 2012 that in America, courtesy of the Fed’s micro-mismanagement of everything, the labor force has been turned upside down, and the only jobs being created are those for aged workers, Americans 55 and over. The reason is two-fold: with savings rates at zero, Americans who were on the verge of retiring found that the fruit of their labor was worth nothing under ZIRP (and may well be punished under the upcoming NIRP) as their savings (and fixed income investments) generate zero interest income, while young Americans would rather stay in college by the millions funded generously by trillions in Uncle Sam student loans
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January 2014, I dropped the Birth/Death Model charts from this report. For those who follow the numbers, I retain this caution: Do not subtract the reported Birth-Death number from the reported headline number
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For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January 2014, I dropped the Birth/Death Model charts from this report
Read More: On War Crimes and Double Standards in Ukraine First
More: Nonfarm Payrolls +252K; Unemployment 5.6%; Employed +111,000 (Household Survey)
See original article: MH17 Disappears from Headlines as Anti-Russian Agenda Falters
More here: Nonfarm Payrolls +214K (Led by 52,000 Leisure Jobs); Unemployment 5.8%; Labor Force +416,000