The lowest jobless rate since 2008

[kenny blankenship]

120. It's MUCH WORSE than that. Labor force participation rate falls to lowest in a generation

BLS: lowest labor force participation rate in 34-35 years.
http://www.nakedcapitalism.com/2013/05/the-bls-jobs-report-covering-april-2013-lowest-labor-force-participation-since-19789-weekly-hours-and-wages-down.html

The ballyhooed unemployment figures are more bullshit from the usual bullshitting pros. According to the same supposedly great BLS stats, weekly hours worked DECLINED, taking wages paid down with them. Bottomline: less paid in wages, less work and we're supposed to believe that more people had jobs? And grant it for the sake of an argument - is less work and less pay shared among more people is supposed to be a good thing now? It is NOT a good report. Back when Bushler reigned, we would scoff at the jobs reports like this one, because at that time we needed 150,000 new jobs each month just to keep pace with the rising work age population. Now we need even more, hence the BLS' stats note that labor force participation has actually declined.

The headline U figure is calculated to ignore people who would work if they could get work but can't find employment quickly, and it covers up the 9 million or so who've just given up. Where do those jobless go? Their lives crumble
Suicide Rates Rise Sharply in U.S.
http://www.nytimes.com/2013/05/03/health/suicide-rate-rises-sharply-in-us.html?_r=0

And the pros sweep the bodies under the rug so their hero can look good.