January Obamanomics – Net Negative12k jobs

1 Feb

So naturally, in the Obama economy, the stock market is up…

US gains 157K jobs; jobless rate rises to 7.9 pct.

At the same time…

169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up

The government reported that nonfarm payrolls rose 157,000 in January, while the unemployment rate inched up by a tenth of a point, to 7.9 percent. The figures were broadly in line with Wall Street’s expectations, and unlikely to change the Federal Reserve’s plans to inject the economy with massive stimulus.

Massive revisions to come later….

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/01/NFP%20Jobs%20Revision.jpg

via Drudge, Zero Hedge

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