Once again, the stats reveal much weakness.
Clearly, this is yet another bad report, with people dropping out of the labor force like mad.
Blaming the Weather
Amusingly, USA Today reports that "Paul Ashworth of Capital Economics says severe winter was the main culprit behind the disappointing job gains."
Did economists not know it was cold outside when they gave USA today their estimates? I guess not.
December BLS Jobs Statistics at a Glance
Additional Notes About the Unemployment Rate
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 20th, 2014 | John Ransom