Another Friday jobs report and more concerns about the recovery, or the "stimulus" that never stimulated.
The big loser in this jobs report is our friend "Mr. Expectations." It looks like Mr Expectations did not see the numbers that he was expecting, according to Reuters:
The BLS report showed little change for teens, blacks or Hispanics, a major political problem for Democrats:"U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 percent."
The problem is that we need 150,000 new jobs just to keep up with population."Both the number of unemployed persons, at 10.2 million, and the unemployment rate, at 6.6 percent, changed little in January.
Since October, the jobless rate has decreased by 0.6 percentage point.
Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent), and Hispanics (8.4 percent) showed little change in January.
The jobless rate for Asians was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.")
Maybe "the Obama cultists" in the media, and those in the population who still approve of President Obama's performance, will look at themselves in the mirror and join us in saying: It ain't working! .
We need some changes because this is not working at all, especially for 3 groups ("teens, black and Hispanics") who elected and reelected President Obama.
P. S. You can hear my chat with Franke Burke, contributor to American Thinker & follow me on Twitter @ scantojr.
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