About that "yuge" jobs number report....

[Roland99]

Let's put the employment number rise into context, shall we? We had 4.8 million "new" jobs last month, right? HA! It's refilling previous jobs...not "new".

Look at it one of these ways:

1) You're carrying a bucket of pebbles that's 96% full. The bucket breaks and you can only carry about 2/3 of the pebbles, the other 1/3 spills onto the ground. You place your bucket at its destination and go back to pick up the spilled pebbles.

You can only carry some back so you bring a couple of handfuls. Now you have ~7/8 full of a bucket. You're still missing 1/8 of your pebbles. And the pebbles you did put back in weren't extra. You didn't miraculously find 20% more pebbles. They were part of the original bucket.

2) You're traveling down the Autobahn at about 96mph (4% under the 100mph limit to equate to 4% unemployment before all this crap hit). You see an animal dart into the road so you hit your brake and slow down to about 60-65mph.

You avoided the animal & start accelerating to get back to your previous 96mph but you do so slowly and you make it back up to 88mph (but you're not in a Delorean so you don't travel back to 1955 Hill Valley). You're still glowing slower than you were originally, right?

3) You have $100 in your wallet. You drop it and pick it up and find you only have $70 left. You look around and find two tens. Hey. Found money. Nope was yours to begin with and you’re still short $10