◼ UNEMPLOYMENT RATE BACK UP TO 7.9%... (Convoluted headlines: Economy Adds Another 157,000 Jobs; Rate Up to 7.9%) - CNBC
◼ MEDIA SPINS UNEMPLOYMENT INCREASE AS GOOD NEWS
After the American economy delivered more bad news today in the form of an increase in the unemployment rate and job growth that barely kept up with the increase in population, it took exactly 4.3476 seconds for the Washington Post's Ezra Klein and some flak for NBC News to jump before the "Morning Joe" cameras to assure Americans this was good news.
◼ January Jobs Report Released Day After Obama Shuts Down Jobs Council - Independent Journal Review
◼ 8,500,000 Americans Left Labor Force In Obama's First Term - Noel Sheppard/Newsbusters
Lost in these headline numbers was another rise in the number of people not in the labor force.
This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office.
This means that there are currently 8.5 million more Americans not in the labor force than just four years ago.
Forget all the other numbers.
This continued explosion of people not in the labor force should be tremendously concerning as it represents an obstacle for the government to ever balance the budget without drastically raising taxes on those still working.
◼ POOF: Another 170,000 disappeared in January... - CNS News
