Donald J. Trump Retweeted The Daily Caller ‏ Verified account @DailyCaller 3h3 hours ago

APRIL JOBS REPORT: 263,000 JOBS ADDED, UNEMPLOYMENT AT 3.6 PERCENT

The U.S. economy added 263,000 jobs in April while the unemployment rate fell to 3.6 percent, making March the 103rd straight month of job growth, according to Department of Labor data released Friday.

Economists predicted 190,000 jobs would be added and the unemployment rate would hold at 3.8 percent, according to The Wall Street Journal. 

Donald J. Trump Retweeted Ivanka Trump ‏ Verified account @IvankaTrump May 3

Ivanka Trump‏Verified account @IvankaTrump

The last time the unemployment rate was this low we were about to land for the first time on the moon! Happy April #JobsReport and #NationalSpaceDay America!

Pelosi sour over booming economy, calls for more government programs

No economic news during the Trump presidency will make Nancy Pelosi happy.

The House Speaker reacted negatively to the April jobs report that found a 3.6 percent unemployment rate and record results for women and African-Americans.

“The April jobs report numbers show some promising news, yet these gains hide the true weight of the economic uncertainty felt by millions of hard-working Americans,” Pelosi said in a statement.

“Unfortunately, the evidence shows that most of the economic gains continue to benefit those already well-off. We must do more to ensure that the economy is benefiting every family in every community, and that all Americans have the opportunity to move ahead in our economy.”

She huffed, “Republicans’ shameful special interest agenda continues to undermine the health and financial security of middle class families across the country,” before attacking Republican efforts for tax relief and lifting Obamacare burdens.

She went on to call for higher government spending and more social programs to “pave the way for progress for all families, in all communities for generations to come.”

The data shows the Hispanic unemployment rate is the lowest ever recorded.

Donald J. Trump ‏ Verified account

JOBS, JOBS, JOBS! “Jobs surge in April, unemployment rate falls to the lowest since 1969”

Jobs surge in April, unemployment rate falls to the lowest since 1969

The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, the Labor Department reported Friday.

Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate.

Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours.

Unemployment was last this low in December 1969 when it hit 3.5%. At a time when many economists see a tight labor market, big job growth continues as the economic expansion is just a few months away from being the longest in history.

Jobs Report (See I Told You So!)

http://market-ticker.org/akcs-www?post=173913


And this my friends is why I offer up to you, Karl on a daily basis.
I'm not educated enough to understand the whys and whats of the spin that these reports are written in.
Karl is.
I bow to the master, because I want you to understand that the simplified truth of their version, is bullshit!
"WE" can't afford not to understand exactly what they're doing when they're manipulating these reports.
Because what's in these reports show the full truth of just how loud "OUR" death rattle actually is.

(Incidentally, someone needs to explain to these clowns that a dollar collapse that comes with a stock market collapse at the same time is a situation the monetary authorities cannot arrest with more "money printing", as that will simply tighten the spiral. I have warned of this risk for more than a year - God help us if it becomes realized.)

Those who follow me know that I pay almost no attention to the "headline" numbers in the report though. Why? Because they're full of hopium and BS. Instead, I look to the household survey, which is an actual count. What do we find there this month?

In a word: NASTY.

185,000 people were added to the working-age population (238530 to 238715). But the employed number actually fell by 334,000 people (139749 to 139415), which means that on an employed rate basis over 500,000 jobs were lost.

The claimed "improvement" was all adjustments - to the tune of 360,000 alleged jobs that households reported didn't exist!

Recession job losses likely to be revised sharply higher

http://finance.yahoo.com/news/Recession-job-losses-likely-cnnm-1918697452.html?x=0&sec=topStories&pos=6&asset=&ccode=

How inept can the labor department get, or was it intentionally low balled?
My guess was it was intentional to make a bad situation look better.
This makes the stimulus funding expenditure look like the joke that it really is, and what you weren't supposed to find out about.

As bad as job losses were during the recession, we're about to find out that things were even worse.

The government currently estimates that 2.2 million jobs were lost from April of 2009 through March of this year, a significant portion of the 7.8 million jobs lost since the start of 2008.

But in a little-noticed note at the bottom of September's jobs report, the Labor Department said it now appears there were 366,000 additional jobs lost during the 12 months that ended in March, a revision that is not yet included in the official numbers.

That revision isn't as bad as last year's -- when the Labor Department said that an additional 902,000 jobs were lost. But it is still the second largest downward adjustment in nearly 20 years.

The final revision won't be announced until February, but the Labor Department gives a preview in early October of what it is expecting.

This year's large revision is a sign of the difficulty the Labor Department has estimating