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Terrible Jobs Report

Ruh-roh, “recovery.” Hiring slowed sharply last month as the United States economy added only 88,000 jobs – its worst performance in nine months and less than one-third the number of positions created in February. In order to keep pace with the growth in population, the economy must create at least 130,000…

Ruh-roh, “recovery.”

Hiring slowed sharply last month as the United States economy added only 88,000 jobs – its worst performance in nine months and less than one-third the number of positions created in February. In order to keep pace with the growth in population, the economy must create at least 130,000 new jobs a month.

Analysts were projecting an increase of 190,000 positions.

Making matters worse the country’s workforce continued to shrink – with the widely watched labor participation rate sliding from 63.5 percent to 63.3 percent. That’s its lowest level since May 1979. When U.S. President Barack Obama took office in January 2009, the labor participation rate was 65.7 percent.  When George W. Bush took office in January 2001, it was 67.2 percent.

Ouch …

Technically the nation’s unemployment rate fell from 7.7 percent to 7.6 percent – although that decline was due almost exclusively to Americans dropping out of the workforce.

“Never has the lie of the improving Obama economy been more starkly revealed than in this March unemployment report, where the consequences of the destruction of the American workforce by policies that promote government dependence over work are hidden behind a statistical drop in the percentage of workers who are unemployed,” said Bill Wilson, president of Americans for Limited Government.

He’s absolutely right.

Wilson added that “663,000 Americans dropped out of the workforce last month, 206,000 fewer Americans were employed (and) 290,000 more Americans were unemployed.”

In fact according to the website Zero Hedge, if you assume a normal labor participation rate increase the nation’s real unemployment rate is 11.6 percent – up from 11.3 percent in February.

The only bit of good news? Job stats for January and February were upwardly adjusted by 61,000 positions. Of course as we noted last month, many of the jobs created in the current “recovery” are part-time positions – and many of those positions are being created as people try to find second jobs to boost their income levels.

MARCH 2013 EMPLOYMENT SITUATION REPORT (.pdf)

***

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34 comments

BigT April 5, 2013 at 10:06 am

You’d have to be a Brain-Dead Dumb@$$ (see FITS) to even halfway believe there ever was a “RECOVERY.”…
Yet FITS, and the F*@kin’ Idiots who woprship his every GOP-Bashing word will argue like the F*@in’ imbeciles they are; that the unemployment rate is peachy, incomes are good, housing is robust and the country is in great economic shape…Never before have I seen such Denial (or just lying) among leftwing idiots, as I see now…
And FITS: You Golden Boy of Dumb@$$#$ told us Romeny and Obama ARE the same. That is you at your MOST Ignorant…(and that’s sayijng a lot considering you’ve endoresed Sanford)….
Romeny would have jumped right on the Economy to startt fixing it. He would have IMMEDIATELY moved to STOP ObamaCare…and he actually knows business. Because unlike the community organizer, lazy-@$$, government-job-gobbling Obama…Romney was a TREMENDOUS success at WORKING for a living…
Now we’re spiralling downward, and Obama-Care is yet to kick in, and make it even worse..
When FITS is the media, and Fools listen to him, and his ilk, we get a DISASTER…named Obama..
FITS, you are your f*@kin’ Imbeciles, can blame no one but yourselves…

Reply
Frank Pytel April 5, 2013 at 10:19 am

You’re a complete ass T

Reply
BigT April 5, 2013 at 10:21 am

So you think Obama is doing a good job w/ the economy???

Reply
colascguy April 5, 2013 at 10:29 am

Stop your B@#tching and start working on fixing it. We all need to be looking at the candidates for the 2014 election. We also need to look outside of our state and send support to every conservative / libertarian candidate across the US. The only way can stem the tide is to add seat in both houses. Everyone needs to understand it is completely imperative that we expel liberalism / progressive-ism from the capital.

Reply
BigT April 5, 2013 at 10:43 am

Glad you are staritng to figure it out. Everything you are suggesting, I’ve been doing. But I need your help.
The mass media is in Nazi-like lockstep. Conservatives HAVE GOT TO have the same unity. Quit letting Idiot Libertarians (like FITS) take your eye off the ball. Libertarians take votes from Conservatives. Conservatives, and Conservatism, is the ONLY ones and the only way to FIX it…
Yet libertrians (who got their shot w/ McCain and Dole, and to some degree Romney) are Enemies to Conservatives because they don’t want to put down the Crack Pipe or quit Chasin’ ho’s…
FITS bashes Conservatives every chance he gets, then toe Dumb@$$ complains about Obama Failure…when he is just as much responsible as the idiots who defend the Obama DISASTER…

Reply
Match.com® April 5, 2013 at 12:05 pm

BigT has a friend…awwww!

Reply
lowcorider April 8, 2013 at 12:29 pm

Hey shithead. You gave me my #2 combo lunch yesterday with no straw in the bag. Get your head out of your ass.

Reply
BigT April 5, 2013 at 10:06 am

You’d have to be a Brain-Dead Dumb@$$ (see FITS) to even halfway believe there ever was a “RECOVERY.”…
Yet FITS, and the F*@kin’ Idiots who woprship his every GOP-Bashing word will argue like the F*@in’ imbeciles they are; that the unemployment rate is peachy, incomes are good, housing is robust and the country is in great economic shape…Never before have I seen such Denial (or just lying) among leftwing idiots, as I see now…
And FITS: You Golden Boy of Dumb@$$#$ told us Romeny and Obama ARE the same. That is you at your MOST Ignorant…(and that’s sayijng a lot considering you’ve endoresed Sanford)….
Romeny would have jumped right on the Economy to startt fixing it. He would have IMMEDIATELY moved to STOP ObamaCare…and he actually knows business. Because unlike the community organizer, lazy-@$$, government-job-gobbling Obama…Romney was a TREMENDOUS success at WORKING for a living…
Now we’re spiralling downward, and Obama-Care is yet to kick in, and make it even worse..
When FITS is the media, and Fools listen to him, and his ilk, we get a DISASTER…named Obama..
FITS, you are your f*@kin’ Imbeciles, can blame no one but yourselves…

Reply
Frank Pytel April 5, 2013 at 10:19 am

You’re a complete ass T

Reply
BigT April 5, 2013 at 10:21 am

So you think Obama is doing a good job w/ the economy???

Reply
colascguy April 5, 2013 at 10:29 am

Stop your B@#tching and start working on fixing it. We all need to be looking at the candidates for the 2014 election. We also need to look outside of our state and send support to every conservative / libertarian candidate across the US. The only way can stem the tide is to add seat in both houses. Everyone needs to understand it is completely imperative that we expel liberalism / progressive-ism from the capital.

Reply
BigT April 5, 2013 at 10:43 am

Glad you are staritng to figure it out. Everything you are suggesting, I’ve been doing. But I need your help.
The mass media is in Nazi-like lockstep. Conservatives HAVE GOT TO have the same unity. Quit letting Idiot Libertarians (like FITS) take your eye off the ball. Libertarians take votes from Conservatives. Conservatives, and Conservatism, is the ONLY ones and the only way to FIX it…
Yet libertrians (who got their shot w/ McCain and Dole, and to some degree Romney) are Enemies to Conservatives because they don’t want to put down the Crack Pipe or quit Chasin’ ho’s…
FITS bashes Conservatives every chance he gets, then toe Dumb@$$ complains about Obama Failure…when he is just as much responsible as the idiots who defend the Obama DISASTER…

Reply
Match.com® April 5, 2013 at 12:05 pm

BigT has a friend…awwww!

Reply
Lowcorider April 8, 2013 at 12:29 pm

Hey shithead. You gave me my #2 combo lunch yesterday with no straw in the bag. Get your head out of your ass.

Reply
Frank Pytel April 5, 2013 at 10:21 am

Only in the Obamanation can hiring and unemployment go down. And they said Enron used Fuzzy Math. Shite!!
Have a Great Day!! :) There won’t be many left with the Demlicans and the Repulicrats in charge.

Reply
BigT April 5, 2013 at 10:25 am

The democrats are in Charge you Funkin’ IDIOT….when Bush was president the unemployment rate was below 5% and salaries were rising…and gas prices were low when the GOP had control..
But Dumb@$$#$ like you let the media tell you a different story, and you elected Obama…and now you’re too ashamed to admit your STUPIDITY…and you are just making it worse w/ your Ignorance…

Reply
Frank Pytel April 5, 2013 at 11:21 am

When Bush was president he also put drunken sailors to shame.

Have a Great Day!! :) There won’t be many left with the Demlicans and the Repulicrats in charge.

Reply
BigT April 5, 2013 at 4:06 pm

There is a whole H#!! of a lot of difference between Bush and Obama…(spending and revenue generation)
It’s Idiots like you, and FITS, who are Too F*#@kin’ stupid to differentiate between the two, Dumb@$$#$, like you, are as BIG a problem as any,..
Bush was FAR from perfect, but he spent a fraction of what Obama is wasting…and Bush’s economy generated jobs and revenue.
The left makes the weak-minded lump them together to give their total Failure cover. And you fall right into it, because you are too Ignorant to look at the details and figure out the truth…

Reply
Frank Pytel April 5, 2013 at 10:21 am

Only in the Obamanation can hiring and unemployment go down. And they said Enron used Fuzzy Math. Shite!!
Have a Great Day!! :) There won’t be many left with the Demlicans and the Repulicrats in charge.

Reply
BigT April 5, 2013 at 10:25 am

The democrats are in Charge you Funkin’ IDIOT….when Bush was president the unemployment rate was below 5% and salaries were rising…and gas prices were low when the GOP had control..
But Dumb@$$#$ like you let the media tell you a different story, and you elected Obama…and now you’re too ashamed to admit your STUPIDITY…and you are just making it worse w/ your Ignorance…

Reply
Frank Pytel April 5, 2013 at 11:21 am

When Bush was president he also put drunken sailors to shame.

Have a Great Day!! :) There won’t be many left with the Demlicans and the Repulicrats in charge.

Reply
BigT April 5, 2013 at 4:06 pm

There is a whole H#!! of a lot of difference between Bush and Obama…(spending and revenue generation)
It’s Idiots like you, and FITS, who are Too F*#@kin’ stupid to differentiate between the two, Dumb@$$#$, like you, are as BIG a problem as any,..
Bush was FAR from perfect, but he spent a fraction of what Obama is wasting…and Bush’s economy generated jobs and revenue.
The left makes the weak-minded lump them together to give their total Failure cover. And you fall right into it, because you are too Ignorant to look at the details and figure out the truth…

Reply
Robert April 5, 2013 at 10:45 am

If you think things aren’t as good as they should be, you’re right. If you think things aren’t better than they were in 2008-2009, then you’re just blind. People with real jobs that depend on economy improving are seeing improvements. Do we need more? hell yeah. And you’d be correct to preach that we need more. But to preach that nothing has changed makes rational people tune you out.

Reply
Robert April 5, 2013 at 10:45 am

If you think things aren’t as good as they should be, you’re right. If you think things aren’t better than they were in 2008-2009, then you’re just blind. People with real jobs that depend on economy improving are seeing improvements. Do we need more? hell yeah. And you’d be correct to preach that we need more. But to preach that nothing has changed makes rational people tune you out.

Reply
William Wallace April 5, 2013 at 10:51 am

But guess who remains fully employed and able to take elaborate vacations on the taxpayer?
O’Bama and family!!!!!!!
And all members of Congress, Senate and House!!!!!!!

Reply
William Wallace April 5, 2013 at 10:51 am

But guess who remains fully employed and able to take elaborate vacations on the taxpayer?
O’Bama and family!!!!!!!
And all members of Congress, Senate and House!!!!!!!

Reply
Smirks April 5, 2013 at 10:55 am

The declining labor participation rate is a lot more complex than “Hurr people are depending on gubmint instead of work.” There’s a lot of factors that play into that, the aging baby boomers being one of those. It has been falling since 2001 and has been reeling since the recession.

Reply
Smirks April 5, 2013 at 10:55 am

The declining labor participation rate is a lot more complex than “Hurr people are depending on gubmint instead of work.” There’s a lot of factors that play into that, the aging baby boomers being one of those. It has been falling since 2001 and has been reeling since the recession.

Reply
Comrade1917 April 5, 2013 at 10:58 am

USSA is screwed.

Reply
Frank Pytel April 5, 2013 at 11:21 am

Oh no sir. Please allow me to offer a minor correction. The USA is screwed. The USSA is alive and well!!

Have a Great Day!! :) There won’t be many left with the Demlicans and the Repulicrats in charge.

Reply
Comrade1917 April 5, 2013 at 10:58 am

USSA is screwed.

Reply
Frank Pytel April 5, 2013 at 11:21 am

Oh no sir. Please allow me to offer a minor correction. The USA is screwed. The USSA is alive and well!!

Have a Great Day!! :) There won’t be many left with the Demlicans and the Repulicrats in charge.

Reply
JC April 7, 2013 at 4:05 pm

Will you please quit with the ruh roh’s. This isn’t Scooby Doo for Christ’s sake.

Reply
JC April 7, 2013 at 4:05 pm

Will you please quit with the ruh roh’s. This isn’t Scooby Doo for Christ’s sake.

Reply

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