Once again, the report leaves us wondering about the state of the US economy.
We ask again: Where are the jobs?
As always, we turn to Tyler Durden:
"But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs "created" so far in 2013, only 23%, or 222K, were full-time.
Part-time jobs? 731K or 953K of total."
So there are a lot of part time jobs out there. That's the story of this jobs report.
Once again, fewer people are looking for work: The labor participation rate dropped to 63.4% from 63.5%.
Another terrible statistic is black youth unemployment: 41.6%!
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