Friday, February 05, 2016

The nice thing about having a Democrat in the White House is that there is never any bad news...

//New Bureau of Labor Statistics shows that there were 665,000 jobs lost in January, a blunt finding that confuses the heralded report that 151,000 jobs were created in January in non-farm payrolls.

But who got them? The very same BLS finds that jobs to "native born" and immigrant workers dropped. Ditto for men and women.

It is possible that many employees took on a second job, according to analysts. But a difference of 816,000 is too big, one said.

Same for the differences in the two surveys the BLS uses to gauge jobs, household data from the Current Population Survey, and "Establishment" data from the Current Employment Statistics, a survey of businesses. Normally they track but not always.//

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