Here's the math, boy:
Fun with numbers: The real story behind the unemployment report
By Rick Moran
On the surface, the January jobs numbers appear to be "not bad." There were 151,000 jobs created and the official unemployment rate dropped below 5%.
But the story inside the numbers is really, really awful.
Consider these BLS numbers based on household data. In January, there were 25,328,000 "foreign born" workers employed, a one-month drop of 98,000.
In January, there were 123,710,000 "native born" men and women employed, a one-month drop of 567,000.
Analysts note that there are several ways to count jobs created and lost but the losses shown among men and women, foreign born and immigrants, is significant, said a congressional expert, who told Secrets, "Maybe big thing this month is just the decline in number of native born workers drops over half million in a month?"
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