Jobs picture continues to improve, though slowly
Thursday's ADP report showed a gain of 201,000 jobs in August. A nice surge, but this year hasn't given the consistent growth we've seen in the past.
But that isn't really saying much. The volatile jobs numbers we've seen this year are pretty dismal by historic standards. About 151,000 jobs per month were created on average during the 1980s and 181,000 per month were generated the following decade, according to a 2005 Federal Reserve research paper.
Labor participation rate now stands at an all time low since the administration took office, and all the media tells us Americans are getting back to work. What a bunch of lies and deception we are being fed every day.
The unemployment numbers are regressing due to expiration of benefits.
At the same time welfare and food stamps recipients are on the rise. If you look at bell curves of Welfare and Food Stamps, They will match the elimination of Unemployment Benefits. If you add the numbers of Welfare an Food Stamp recipients (most are earthier Under Employed or Unemployed) to government’s Unemployment numbers. The Unemployment (true Unemployment numbers) numbers would be staggering. Just changing the benefits from Unemployment to Welfare does not eliminate the numbers. So did we create Jobs or increases the poverty level? Question that should be answered before you cast your vote.
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Stocks are facing some serious resistance as the bears tear into the market's respite.
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