U.S. Economy: 12 Years To Fill the 12.4 Million Job Gap?

By Dian L. Chu, EconForecast (A Seeking Alpha Exclusive)

The Labor Department said on Friday, February 04, 2011 the U.S. economy added a paltry 36,000 jobs in January–the fewest in four months.  But somehow, the unemployment rate managed to drop 0.4% in January to 9%, the lowest level since April 2009.

With the way Bureau of Labor Statistics (BLS) is doing its math, we literally need to be a Sherlock Holmes to sort things into proper perspective….. Full Article (Free) on Seeking Alpha.

Chart Source: Brookings Institution

Dian L. Chu, Feb. 6, 2011 | Kindle | Facebook Page | New Article Alert | Google Buzz