Friday, May 8, 2015

The Fed Boom is On: Unemployment Rate Drops to 5.4%

The unemployment rate April fell to 5.4% from 5.5%.

Most segments of the economy except for the energy industry added workers last month, reports the Labor Department.

The idea  that we are not in the boom phase of the Fed created business cycle just doesn't fit the facts.



-RW

(Garphic via MarketWatch)
at 9:29:00 AM

3 comments:

  1. Dr. WeezilMay 8, 2015 at 10:31 AM

    Clear as day: no growth in the productive sectors, all growth in the consumption sectors.

    ReplyDelete
  2. SteveMay 8, 2015 at 11:04 AM

    I wonder why anyone trusts government statistics. They lie about everything else, yet we're supposed to believe the stats? I don't think so.

    And the notion that the true unemployment rate is 5.4% is laughable. Not counting millions who are on the dole is a farce.

    ReplyDelete
  3. Jack WeilMay 8, 2015 at 11:52 AM

    The job losses in the oil sector show what is really going on in the economy. It is crashing!

    ReplyDelete

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