Here they are extolling the virtues of added jobs and a low unemployment rate.
U.S. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%
The American job market rebounded in April, the government said on Friday, helping to ease worries that the economy was on the brink of another extended slowdown after a bleak winter in which the overall economy stalled. But the growth in jobs failed to translate, once again, into any significant improvement in pay.While they ignore the crushed hopes of Americans who have used up all their unemployment and therefore aren't counted as the unemployed.
Employers added 223,000 positions last month, the Labor Department reported, and the unemployment rate decreased to 5.4 percent, a turnaround from the disappointing performance in March, initially reported as a modest 126,000 gain and then revised down on Friday to 85,000.
“We expected a rebound following the numbers in March and we got it, but not much more,” said Guy Berger, United States economist at RBS. “Wage growth is still the missing piece.”~snip~
Americans Not In The Labor Force Rise To Record 93,194,000
In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.~snip~