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« Can A President Use Drones Against Journalists? | Main | GOP Confirms Total Lack Of Balls With Corzine Report »
Friday
Mar082013

WATCH: Santelli Battles Liesman Over Bogus Job Numbers

'Get the Fed out of the market!'

'When are markets going to be normal again. When is Bernanke going to stop!'

Santelli and Steve Liesman discuss the jobs report this morning on Squawk Box.

---

Today's Job Numbers

If you count those discouraged workers and involuntary part-timers as unemployed, the unemployment rate jumps to 14.3%, according to BLS.

Here's the official U-6 data from BLS:  http://www.bls.gov/news.release/empsit.t15.htm

Update on workers not officially counted by BLS:

RECORD 89,304,000 NOT WORKING...

Record 89M Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

FEB JOBS NUMBERS...

+236,000...

7.7%...

WHITES: 6.8%...

HISPANICS: 9.6%...

BLACKS: 13.8%...

TEENS: 25.1%...

Sources:

http://blogs.wsj.com/marketbeat/2013/03/08/live-from-new-york-its-jobs-friday-23/

http://finance.yahoo.com/news/us-adds-236k-jobs-unemployment-133137454.html

http://www.weeklystandard.com/blogs/77-percent_706624.html

 

 

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Reader Comments (3)

I don't get why Santelli battles the guy who last name say it all.
Mar 8, 2013 at 3:23 PM | Unregistered CommenterKenguru
Look for Denmark to join Iceland in reducing unemployment now that it's putting corrupt bankers in prison.

http://translate.google.com/translate?sl=da&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.dr.dk%2FNyheder%2FIndland%2F2013%2F03%2F08%2F111557.htm

This honest, just, and legal approach to banking crime contrasts with that of the U.S., where looting is rewarded with bailouts from politicians who game the unemployment data to mask the resulting damage.
Mar 8, 2013 at 5:44 PM | Registered CommenterCheyenne

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