Obama Times and the rest of the media reports victoriously
The problem with that headline is that is a lie. Who worked on this? Anderson?
At the very best, employers added 192,000 jobs, the other 188,000 were added by some accountant on a guess
The birth/death adjustment (guess) added 188,000 jobs,
Yes, the word “guess” is from the report, which is nothing more than a survey – a more extensive poll. It leads to ridiculously self-contradicting headlines such as this one
Second, there is a number of jobs the economy has to add monthly just to keep up with population growth. Looking at Robert Reich’s analysis for the March report
Second, since the start of the Great Recession, the economy has lost 8.4 million jobs and failed to create another 2.7 million needed just to keep up with population growth. That means we’re more than 11 million in the hole right now. And that hole keeps deepening every month we fail to add at least 150,000 new jobs, again reflecting population growth.
A census-taking job is better than no job, but it’s no substitute for the real thing.
In other words, 150,000 is the number needed to just keep stagnating rather than further sinking. And the rest of the 42.000 is less than the number of census jobs.
If Jake Tapper’s facebook entry is based on solid facts
More on job numbers — 65k of those new jobs are govt jobs, such as census, 231k private sector, including 44k in manufacturing
then indeed, the actual number of jobs created (not adjusted by technicality) is under the maintenance level.
Which is why the unemployment is at 9.9 and there’s a more interesting number buried in the actual report
The number of long-term unemployed (those jobless for 27 weeks and over) con-
tinued to trend up over the month, reaching 6.7 million. In April, 45.9 percent
of unemployed persons had been jobless for 27 weeks or more.