Jobs

[Rick Rowlands]

The unemployment rate statistic is a fraud. 

[Towntalk]

U.S. employers stepped up their hiring last month. Employers added 200,000 jobs in December – up from 100,000 jobs the previous month, the U.S. Labor Department reported Friday. The number was better than analysts had expected.

But how many of those jobs were temporary hires for the Christmas season?

Meanwhile, the unemployment rate fell from 8.7% in November to 8.5% in December.
The public sector, which bled jobs most of 2011, continued to lag. Overall, 12,000 government jobs were lost last month.  This is bad news???