Wall Street Journal: January Jobs Report the U.S. economy ADDED 151,000 jobs and that unemployment is at 4.9 percent Now with "Happy Jobs Friday" VIDEO

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    Feb 06, 2016 1:50 AM GMT
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    http://blogs.wsj.com/moneybeat/2016/02/05/january-jobs-report-everything-you-need-to-know-2/
    ...nonfarm payrolls increased a seasonally adjusted 151,000 in January, while the unemployment rate fell slightly to 4.9%...


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    Feb 06, 2016 3:44 AM GMT
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    Feb 07, 2016 4:25 AM GMT
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    Feb 07, 2016 4:41 AM GMT
    We lost manufacturing jobs. “Manufacturing is in a recession here in the United States.” Peter Schiff cites this week’s manufacturing and service sector ISM numbers as particularly weak. Schiff says the numbers have been slowing for months.

    Schiff also notes the shift in jobs being taken has moved from full-time employment to part-time shift work. Schiff points out a jump in part time workers, which saw the biggest rise since September 2012, increasing by 319,000 to 6.1 million in November. He believes this rise is the result of workers who couldn’t find full-time work taking part time jobs.

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    The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
    The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.



    Welcome to the Obama Economy.

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    Feb 07, 2016 5:31 AM GMT
    https://voxrationalis.wordpress.com/2011/05/15/the-absurdity-of-shadowstats-inflation-estimates/
    The Absurdity of ShadowStats Inflation Estimates

    ...Now let’s go back further. Changing the target to 1990, BLS says inflation over the last 20 years has been 73%. ShadowStats claims prices have increased 379%. John Williams apparently believes the price level is almost 5 times higher today than in 1990.

    Can you think of anything that costs five times more today than it did in 1990? Examples:
    •Did a gallon of milk cost $0.80?
    •Did a pint of Ben & Jerry’s cost less than a dollar?
    •Did a 12-pack of Coke cost less than a dollar?
    •Did a case of Budweiser cost $5?
    •Could you get your shirts washed for a quarter?
    •Did Levi’s cost less than $10?...

    ...Did an entry-level Lexus cost less than $10,000?

    Not even gas, housing, or college tuition comes close.

    Meanwhile, the BLS equivalents seem to be in the ballpark. Especially compared to ShadowStats.

    Williams’ incentive to continue generating a bogus data set is clear: he sells his data to a self-selecting audience who might not pay if reality were reflected accurately.

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    Feb 07, 2016 5:48 AM GMT
    “The shine has come off the US”, says David Folkerts-Landau, chief economist at Deutsche Bank.

    He notes the economy is “firing on one cylinder” with consumers the sole bright spot in an environment of still weak capital investment, and a crippling exchange rate that is hurting exporters and squeezing corporate profits.

    “It is not a very healthy situation,” says Folkerts-Landau, who forecasts US growth will fall below 2pc this year. “That is a precarious number.”

    http://www.telegraph.co.uk/finance/economics/12138466/when-is-the-next-financial-crash-coming-oil-prices-markets-recession.html

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    Feb 07, 2016 7:04 AM GMT
    https://en.wikipedia.org/wiki/David_Folkerts-Landau#Libor_scandal
    On April 23, 2015, Deutsche Bank agreed to a combined US$2.5 billion in fines – a US$2.175 billion fine by American regulators, and a €227 million penalty by British authorities – for its involvement in the Libor scandal. Folkerts-Landau was not named in any of the actions, but a fellow Group Executive Committee member was mentioned as having been aware of issues around the fix since October 28, 2008

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    Feb 07, 2016 4:34 PM GMT
    so does this one